Lily Wong

About Lily Wong

A strategic, systems-oriented attorney with 15+ years of experience in analyzing consumer and business needs, assessing and mitigating risk, and helping companies gain leverage in competitive markets. I specialize in building ground-up legal and compliance frameworks that support sustainable growth and operational integrity, particularly in the fast-evolving domains of fintech, cryptocurrency, and digital assets.My expertise spans the banking industry, where I developed effective Bank Secrecy Act (BSA)/ Anti-Money Laundering (AML) policies and procedures, and a thorough knowledge of OFAC/Sanctions regulations. Throughout my career, I’ve excelled in high-pressure environments, leading teams to navigate complex regulatory landscapes while delivering proactive solutions. I’ve also cultivated strong alliances with executive decision-makers and regulatory agencies, ensuring that companies not only meet compliance requirements but also thrive in their respective markets.As the Global Head of Compliance at FTD, I led the creation and expansion of a comprehensive compliance function, building it from the ground up. My focus on BSA/AML, sanctions, third-party risk, and Payment Card Industry Standards (PCI) helped streamline reporting processes and enhance data accuracy, ultimately reducing compliance-related administrative tasks. I also played a key role in liaising with banking partners and regulatory bodies, ensuring timely resolution of compliance matters.In my role as Chief Legal Officer and Co-Founder of North Investments, a pioneering stealth startup, I’m leading the charge in bringing regulated cryptocurrency offerings to the US market. I’ve spearheaded the development of a cutting-edge regulatory compliance program aligned with SEC, CFTC, and other critical regulations, positioning our company as a future leader in the space. Our goal is to be the first to market with a fully regulated crypto broker-dealer, a challenge I am passionate about and fully committed to achieving.I’m driven by a passion for the future of crypto and fintech, and I’m excited to play a pivotal role in startups like North Investments that are reshaping the finance industry and how we conduct business. My work at Nasdaq, though brief, was instrumental in understanding the complexities of digital assets, and it provided invaluable insights that I bring to every project I undertake.If you are interested in discussing the future of fintech, digital assets, or compliance, I would be delighted to connect with you on LinkedIn.

Experience

1. Global Head of Compliance

   Ftd

   Oct 2023 — Present · NY, US

   As the Global Head of Compliance at FTD, I led the creation and expansion of a comprehensive compliance framework from the ground up for a third-party payment processor operating in both Canada and the US. My focus was on developing a robust second-line function that encompassed BSA/AML, sanctions, third-party risk, and payment processing encompassing Payment Card Industry Data Security Standards (PCI DSS). Successfully integrated new compliance software, streamlining reporting processes and significantly improving data accuracy. My proactive approach to risk assessments and reviews allowed us to address potential compliance issues efficiently, enhancing operational effectiveness. I also played a key role in liaising with banking partners and regulatory bodies, ensuring timely resolution of compliance matters and negotiating settlements when necessary.

Education

• University of California, Davis

  Bachelor of Arts in Political Science

• Lewis & Clark College

  Juris Doctor

Skills

• Bench Trials
• Commercial Litigation
• Regulations
• Criminal Law
• Legal Writing
• Litigation
• Hearings
• Strategic Planning
• Nonprofits
• Legal Research
• Jury Trials
• Civil Litigation
• Mediation
• Public Speaking
• Intellectual Property
• Contractual Agreements
• Research