As digital asset regulation matures, compliance is no longer just about understanding regulatory requirements. The real challenge is turning those requirements into governance, controls and operating models that work in practice.

In this episode of Compliance Champions, Delphine Forma sits down with Nehal Chudasama, Head of Compliance and MLRO at Enigma Securities, to discuss what it really means to operationalise compliance.

Drawing on his experience building compliance frameworks for an institutional digital asset broker, Nehal shares practical insights on scaling governance, preparing for new regulatory regimes, designing effective market surveillance frameworks and using AI to strengthen—rather than replace—professional judgement.

What you’ll learn

• What operationalising compliance actually means in practice.
• How to build governance, ownership and accountability that scale with the business.
• Why readiness assessments are critical before embarking on major regulatory projects such as MiCA and the upcoming new UK regime
• How to design trade surveillance frameworks for fragmented digital asset markets, including cross-venue manipulation, on-chain and off-chain activity, and changing liquidity conditions.
• Why surveillance is only as effective as the quality of the underlying data, calibration and governance.
• How AML transaction monitoring and trade surveillance increasingly complement one another to provide a more complete view of customer behaviour.
• How AI can improve efficiency, triage and regulatory intelligence while maintaining human oversight and accountability.