Canadian blockchain regulatory compliance startup iComply Investor Services has hired a former Thomson Reuters executive Greg Pinn as its head of strategy, as he confirmed in communication with Cointelegraph June 3.

Greg Pinn, who previously served as head of the corporation’s risk intelligence and financial crime screening platform, has already taken up the post.

Launched in 2017, iComply seeks to leverage blockchain in order to improve adherence of industry businesses to know-your-customer (KYC) rules, which executives have claimed forms a weak link in the industry.

The move marks the company’s second high-profile hire this year, with former US regulator Jeff Bandman joining its advisory board in April.

Bandman was formerly a senior official at the Commodity Futures Trading Commission (CFTC), and had extensively lobbied the US Securities and Exchange Commission (SEC) on the benefits of blockchain technology.

"iComply is going to change the way we think about compliance ... I am proud to be leading the charge as we redefine what compliance means to build a better, more efficient capital market." Pinn told Cointelegraph.