In a blog announcement on April 11, blockchain forensics firm TRM Labs announced the appointment of Boon Hui Khoo as senior advisor, signalling the company’s strategic move to boost its regulatory outreach efforts, particularly in the Asia Pacific region.

At the firm, Khoo will help TRM Labs combat fraud and financial crime in crypto, fostering closer ties with regulatory bodies worldwide. TRM Labs CEO Esteban Castaño expressed confidence in Khoo’s wealth of experience, citing his invaluable insights to bolster collaboration with law enforcement and regulatory partners across the Asia Pacific.

“As criminals continue to innovate and evolve their methods, authorities around the world must ensure that their expertise and capabilities stay relevant.”

Boon Hui Khoo

Prior to the blockchain industry, Boon Hui Khoo served as Singapore’s Commissioner of Police from 1997 to 2010, then as Interpol‘s president from 2008 to 2012. Between 2017 and 2019, Khoon also served as an independent commissioner on the Global Commission on the Stability of Cyberspace, a public-private internet governance forum.

TRM Labs’ decision to expand its board of advisors coincides with similar moves by its main rival, Chainalysis. On Apr. 8, the New York-headquartered blockchain firm welcomed former International Revenue Service crime chief Jim Lee as global head of capacity building. In the firm, Lee is understood to focus on aiding international agencies in devising strategies to combat crypto-related crimes.

Source