Loukia Matsia has announced her new role as the Head of Compliance and Anti-Money Laundering (AML) at NAGA. Matsia shared her excitement about this career move on LinkedIn earlier today (Wednesday).

Compliance Experience Preceding NAGA Appointment

Prior to her appointment at NAGA, Matsia held several key positions showcasing her expertise and experience in compliance and AML management. She spent a considerable period of time at Tickmill Europe Ltd where she served as the Head of Compliance and AML for nearly four years. During her tenure, Matsia played a pivotal role in managing compliance operations and ensuring adherence to AML regulations within the organization.

Before her role as the Head of Compliance and AML, Matsia served as a Compliance Officer at Tickmill Europe Ltd where she focused on AML compliance for over three years. Her dedication to maintaining regulatory standards and implementing effective compliance Compliance In finance, banking, investing, and insurance compliance refers to following the rules or orders set down by the government regulatory authority, either as providing a service or processing a transaction. Compliance concerning finance would also be a state of being following established guidelines or specifications. This designation can also encompass efforts to ensure that organizations are abiding by both industry regulations and government legislation. Understanding ComplianceCompliance is a In finance, banking, investing, and insurance compliance refers to following the rules or orders set down by the government regulatory authority, either as providing a service or processing a transaction. Compliance concerning finance would also be a state of being following established guidelines or specifications. This designation can also encompass efforts to ensure that organizations are abiding by both industry regulations and government legislation. Understanding ComplianceCompliance is a Read this Term measures earned her recognition within the industry.

Prior to her time at Tickmill, Matsia held various roles in reputable financial institutions, including an Account Manager at 24option and CommexFX. Additionally, she served as the Head of Administration and HR at CommexFX, demonstrating her versatile skill set and leadership capabilities.

Founder Departs NAGA after Capex.com Acquisition

Ben Bilski, the Founder of NAGA Group, announced his departure from the company as the Chief Information Officer, just three months after Capex.com's acquisition of NAGA, as reported by Finance Magnates. Bilski's exit coincides with his pursuit of a new startup venture. Having founded NAGA in 2015, Bilski transformed it from his SwipeStox concept into a publicly listed forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term and CFD broker.

Previously serving as the CEO until June 2023, he expressed a desire to return to his platform vision roots. NAGA has been expanding into payment solutions and cryptocurrencies and have seen significant growth, with 2023 revenue reaching EUR 45.5 million and EUR 7 million in EBITDA. This is a marked improvement from the prior year's EUR 13.7 million loss.