Polish publicly-listed forex and CFD broker XTB appointed Theocharis Panayi as the General Manager for XTB online investing. Panayi announced in a post on LinkedIn today (Monday) that he will be taking the Cyprus-based role beginning this month.

Experienced Legal Expert

The experienced legal and compliance expert recently served as the Head of Compliance at Klips Official, which is also based in Cyprus. According to his LinkedIn profile, he served in the role for slightly more than two years.

Besides that, for nearly three years, Panayi was the Head of Legal Compliance for TOPFX LTD based in Limassol from 2019. In this role, he was responsible for designing internal practices, measures, procedures, and controls for preventing money laundering Money Laundering Money laundering is a blanket term to describe the process by which criminals disguise the original ownership and proceeds of criminal conduct by making such proceeds appear to be derived from a legitimate source.Money laundering is an issue that traverses countless industries and sectors, which includes the financial services space. Though criminal money may be successfully laundered without the assistance of the financial sector, billions of dollars’ worth of criminally derived money are laund Money laundering is a blanket term to describe the process by which criminals disguise the original ownership and proceeds of criminal conduct by making such proceeds appear to be derived from a legitimate source.Money laundering is an issue that traverses countless industries and sectors, which includes the financial services space. Though criminal money may be successfully laundered without the assistance of the financial sector, billions of dollars’ worth of criminally derived money are laund Read this Term and terrorist financing.

The University of Bedfordshire law graduate has also worked for other notable industry brands. Some of them include Maxiflex, LG Zambartas LLC, and Hill Dickinson LLP.

In September, XTB collaborated with the Swedish football legend Zlatan Ibrahimović following another addition of legendary goalkeeper Iker Casillas to its ambassador team.

XTB Expands Offerings in New Partnerships

In the partnership, the company introduced a media campaign featuring Ibrahimović as its brand ambassador. The move came amid the fintech Fintech Financial Technology (fintech) is defined as ay technology that is geared towards automating and enhancing the delivery and application of financial services. The origin of the term fintechs can be traced back to the 1990s where it was primarily used as a back-end system technology for renowned financial institutions. However, it has since grown outside the business sector with an increased focus upon consumer services.What Purpose Do Fintechs Serve?The main purpose of fintechs would be to suppl Financial Technology (fintech) is defined as ay technology that is geared towards automating and enhancing the delivery and application of financial services. The origin of the term fintechs can be traced back to the 1990s where it was primarily used as a back-end system technology for renowned financial institutions. However, it has since grown outside the business sector with an increased focus upon consumer services.What Purpose Do Fintechs Serve?The main purpose of fintechs would be to suppl Read this Term firm’s 20th-anniversary celebrations and the launch of a new logo.

Meanwhile, XTB recently released its preliminary and operating financial report for the third quarter, posting an expansion in client acquisition and profit during the period. The firm added 108,000 new clients, a 60% boost year-over-year. Consolidated net profit was PLN 203.8 million, almost double the earnings from the previous year.

In October, XTB launched two new services as part of its expansion. These include a virtual wallet with a multi-currency card and Individual Retirement Accounts for Polish users. Notably, the firm’s mobile wallet featuring multi-currency cards is already operational in Portugal and the Czech Republic.