Hires Financial Crimes Expert From Western Union

Duncan DeVille, a former regulator and federal prosecutor, will become the cryptocurrency company’s global head of financial crimes compliance

Duncan DeVille was hired as’s executive vice president for compliance for the Americas region and as head of financial crimes compliance world-wide.

Photo: Erin Lassahn


Dylan Tokar

April 11, 2022 4:03 pm ET has hired a former Washington regulator and federal prosecutor to oversee its efforts to ensure the fast-growing online cryptocurrency platform isn’t used for crimes such as terrorism financing and fraud.

Duncan DeVille will serve as the Singapore-based company’s executive vice president for compliance in the Americas region and as its global head of financial crimes compliance, said Monday. He will report to the company’s chief compliance officer, Antonio Alvarez.

Financial crimes compliance departments are common at financial institutions such as banks, money-services businesses and casinos, which are required to devote substantial resources to preventing and detecting abuses ranging from money laundering to sanctions evasion and corruption. Many of the same laws apply to cryptocurrency companies.

Mr. DeVille, who will be based in Denver, brings a deep knowledge of Washington’s regulatory apparatus to His appointment comes amid a spree of hires by some of the biggest companies in the cryptocurrency industry.

The cryptocurrency industry has been especially eager to hire regulatory and compliance experts with government connections, part of an effort to shape impending efforts by officials to craft policies governing the cryptocurrency market.

In addition to his government experience, Mr. DeVille comes to with know-how gained from the private sector. He most recently was the global head of financial crimes compliance at Western Union Co. , one of the world’s largest money services businesses, where he built a 2,000 person financial crimes compliance team and helped the company navigate two court-ordered monitorships, according to the Monday announcement.

Before joining Western Union, Mr. DeVille was an official at the U.S. Treasury Department’s financial crimes watchdog, known as the Financial Crimes Enforcement Network, where he headed the agency’s office of compliance and enforcement.

Earlier in his career, he was a federal prosecutor in Los Angeles, where he worked on organized crime cases.

Content retrieved from:

Be the first to comment

Leave a Reply