Through this membership, Nexo will leverage ACSS's extensive databases, training resources, and wide-ranging industry connections to enhance the capabilities of its compliance team. As part of the certification process, Nexo’s compliance specialists, sanctions and AML teams will be required to undergo training with the ACSS to earn the designation of "Certified Sanctions Specialist." This intensive training program will improve the qualification of sanctions compliance professionals employed by Nexo and reinforce their expertise in dealing with OFAC and EU sanctions regimes. “As compliance pioneers in an emerging industry, our mission is to maintain the most stringent compliance standards amidst this rapidly transforming landscape," stated Savina Boncheva, CAMS, Prof. PgDip (GRC), Head of Compliance at Nexo. "Teaming up with ACSS allows us to elevate our sanctions compliance to a degree endorsed by a renowned industry body, whilst fostering opportunities for our compliance team's growth. We are eager to continue to  shape the industry standards alongside and in partnership with other key players.” “Nexo’s decision to collaborate with us brings us immense pride,” said ACSS Executive Director Saskia Rietbroek. “As an organization that excels in providing sanctions training for multinational corporations and financial institutions, we can provide Nexo's team with the highest quality of training, advancing compliance within the crypto sector.” The development comes shortly after Nexo successfully completed Type ll Service Organization Control (SOC 2) certification audits for security and data privacy practices. A vital industry-standard, SOC 2 compliance measures the security, availability, processing integrity, confidentiality, and privacy of customer data across solutions. The certification assures Nexo’s ability to not only implement critical security policies but also prove compliance over an extended period. Nexo has recently registered its business as a virtual currency operator in Poland, which enables its European-based entity to provide services to the country’s residents lawfully. While most crypto lenders were getting caught up in the chaos gripping the crypto world lately, Nexo has offered to acquire rivals. The company also gave a letter of intent offering to buy Celsius, another crypto lending firm, but the latter refused its offer.