Appointment of Luis Urrutia, an international authority on Anti-Money Laundering and regulatory affairs, as the General Counsel and Executive Vice President of Regulatory Affairs at Bitso
Bitso Appoints Luis Urrutia as General Counsel and EVP of Global Regulatory Affairs
Luis Urrutia, a globally recognised expert in financial regulation and anti-money laundering (AML), has joined Bitso as the General Counsel and Executive Vice President (EVP) of Global Regulatory Affairs. Bitso, a leading financial services company in Latin America with a focus on crypto, announced Urrutia's appointment to strengthen its global regulatory strategy and reinforce its commitment to regulatory excellence and financial democratization in the region.
Urrutia brings a distinguished background to Bitso, having served nearly a decade at the Mexican Ministry of Finance and Public Credit (SHCP). In his roles, he served as Federal Deputy Attorney General for Financial Affairs and Head of the Financial Intelligence Unit (UIF), where he led the design and implementation of the first comprehensive framework against money laundering and terrorist financing (AML/CFT) in Mexico.
Following his tenure at the SHCP, Urrutia became President of the Financial Action Task Force (FATF), the global standard-setting body for AML. He later served as General Counsel of the Bank of Mexico and Deputy General Counsel of the International Monetary Fund (IMF), where he addressed financial integrity, fintech innovation, governance, and anti-corruption matters.
Urrutia's unparalleled experience in financial regulation and AML will be key to ensuring Bitso's position as a reliable and secure crypto platform. He stated his excitement about joining Bitso, a company known for innovation, vision, and solidity in the Latin American ecosystem.
Urrutia's mission at Bitso is to continue consolidating the company's robust culture of compliance. He is recognised as one of the three most renowned lawyers in financial regulation in Mexico and a global authority at the intersection of law, compliance, and financial innovation.
With Urrutia's appointment, Bitso reaffirms its commitment to regulatory excellence. His collaboration in the management of the legal team and focus on strengthening Bitso's global regulatory strategy is expected to contribute significantly to the company's strategic goals.
[1] Bitso Press Release, "Bitso Appoints Luis Urrutia as General Counsel and Executive Vice President of Global Regulatory Affairs," [Date of Publication] [2] Financial Action Task Force (FATF), "About the FATF," [Date of Access] [3] Bank of Mexico, "General Counsel," [Date of Access] [4] International Monetary Fund (IMF), "Deputy General Counsel," [Date of Access] [5] Bitso, "About Us," [Date of Access]
- Luis Urrutia, with his extensive background in finance, business, and technology, particularly in financial regulation and anti-money laundering, will leverage his expertise to ensure Bitso's compliance and maintain its position as a secure and reliable crypto platform.
- Bitso's appointment of Luis Urrutia as General Counsel and EVP of Global Regulatory Affairs underscores the company's commitment to regulatory excellence, positioning it for continued growth and innovation in the financial services sector.
