The announcement from the Central Bank follows a settlement reached between the bank and BlueSnap on November 19. Picture: Fergal Phillips

* Eoin Weigel joins as Head of Compliance and MLRO Europe, bringing senior payments experience from PayPal, Payroc, and BlueSnap to lead European regulatory strategy, licensing adherence, and AML/CFT. * Based in Dublin, Weigel will direct compliance and anti-money laundering operations as Currenxie expands its multi-currency platform across the UK and European Economic Area (EEA). Currenxie, the global financial platform for borderless businesses, today announced the appointment of Eoin Weigel as Head of Compliance and Money Laundering Reporting Officer (MLRO) for Europe. Based in Dublin, Weigel will oversee European regulatory compliance, licensing frameworks, transaction monitoring, and fraud and anti-money laundering (AML) operations. Weigel brings extensive fintech leadership experience to Currenxie. He previously held senior compliance and risk roles in the payments industry at PayPal and BlueSnap including serving on the Board of Directors for BlueSnap EU (Payroc). His appointment comes during a period of accelerated growth for Currenxie, following its multi-currency business account launch in the UK and EEA, as well as securing direct SEPA Participant status from the European Payments Council. Eoin Weigel, Head of Compliance and MLRO Europe at Currenxie, said: “I’m delighted to join Currenxie at an important stage in its development. My mandate is to maintain and enhance compliance and financial crime frameworks, and control environments as the business continues to grow its presence in Europe. It’s critically important that firms maintain regulatory discipline while scaling in new markets.” Sam Coyne, CEO - Europe at Currenxie, added: “Eoin’s addition to our leadership team is vital as we scale our presence across the UK and Europe. His extensive background in financial regulation and AML ensures our rapid regional growth meets the highest standards of regulatory compliance.” Currenxie’s payment solutions include its Global Account which offers seamless bank and wallet payments, foreign exchange, and Visa Business cards for businesses to manage expenses, transact in different currencies and manage cross-border payments through a single, multi-currency platform.  Currenxie’s deep tech expertise, strategic guidance and payment solutions enable SMEs to operate like a bigger player with access to the same level of support, knowledge and product range that would otherwise be unavailable to them through traditional payments providers.

The suburban Chicago payments processor nabbed payments orchestration firm BlueSnap as the latest purchase in its acquisition streak.

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The suburban Chicago payments processor nabbed payments orchestration firm BlueSnap as the latest purchase in its acquisition streak.

Payroc has finalized its acquisition of BlueSnap, enhancing its CNP and AR automation capabilities, thus simplifying global payment processes.