Chicago, USA — August 7, 2026 (Chainwire) — Crypto Dispensers, a U.S.-based, FinCEN-registered money services business (MSB) operated by Virtual Assets, Inc., has appointed Mohamed Abdel Aleem as its new Chief Compliance Officer (CCO). In this capacity, Abdel Aleem will oversee the compliance function across the company's digital asset and payments platform.

The appointment comes as U.S. regulators continue to sharpen expectations for virtual asset service providers, with FinCEN, the Office of Foreign Assets Control (OFAC), and state-level authorities placing increasing emphasis on AML program adequacy, sanctions screening, and transaction monitoring at MSBs handling cryptocurrency flows.

Abdel Aleem succeeds Sabreen Rihan, who is stepping down from the role. The company expressed gratitude to Ms. Rihan for her contributions to its compliance program.

Compliance Expertise and Mandate

A CAMS-certified compliance and AML professional with over six years of experience in AML, KYC, and regulatory policy, Abdel Aleem has previously supported startups and financial institutions in building and operating compliance frameworks designed to meet the expectations of central banks, financial regulators, supervisory authorities, and law enforcement agencies. His work has also been aimed at satisfying banking partner requirements and supporting license approvals. His experience spans fintech and payments, cryptocurrency and virtual-asset service providers, e-commerce, and banks and financial institutions.

That background is notable for a crypto MSB, as maintaining banking relationships remains a persistent operational challenge for digital-asset companies in the United States, where banks often require evidence of robust compliance controls before extending or continuing services to virtual asset businesses.

As CCO, Abdel Aleem holds overall responsibility for the design, implementation, and ongoing oversight of Crypto Dispensers' compliance program across its digital asset services and supported payment channels, which include bank ACH, wire transfers, debit and credit card payments, and related methods. His mandate draws on the Bank Secrecy Act (BSA) and AML/CFT regulatory frameworks that govern money services businesses, encompassing transaction monitoring, customer and business due diligence (KYC/KYB), sanctions and Office of Foreign Assets Control (OFAC) screening, blockchain analytics, crypto-to-fiat controls, fraud prevention, and enterprise risk management.

He is also responsible for developing the company's AML/CFT program, policies, procedures, and risk assessments, and for supporting its licensing efforts, audits, and engagement with banking partners and regulators. He will serve as the company's primary point of contact on all compliance matters.

Near-Term Priorities

Abdel Aleem's appointment reflects Crypto Dispensers' focus on operating its digital asset and payments services within a controlled compliance environment. His immediate priorities include:

• Strengthening the company's AML/CFT program and written policies and procedures
• Enhancing transaction monitoring and suspicious activity reporting workflows
• Refining sanctions screening and escalation logic
• Integrating blockchain analytics into the company's risk-detection processes
• Reinforcing customer identification and verification controls across funding and payout channels at the point of onboarding

Executive Commentary

"Compliance is foundational to responsible participation in the digital-asset industry, not an afterthought to it," said Firas Isa, Chief Executive Officer of Crypto Dispensers. "Mohamed brings the discipline and regulatory perspective we want at the center of our operations, and his leadership will help ensure that our services continue to meet the expectations of regulators and the customers we serve."

"My goal as CCO is to build a compliance program that is both practical and defensible — one that protects customers, meets regulatory expectations, and can withstand scrutiny," said Mohamed Abdel Aleem, Chief Compliance Officer of Crypto Dispensers. "As digital asset services mature, so do the standards they are held to. I look forward to helping Crypto Dispensers meet those standards through strong controls, sound governance, and transparent engagement with regulators and banking partners."

Crypto Dispensers states that customer protection and regulatory compliance are central to how it operates its digital asset and payments services, and that the appointment of a dedicated CCO underscores the company's commitment to maintaining and improving those standards as the regulatory landscape for virtual assets continues to evolve.

About Crypto Dispensers

Crypto Dispensers, operated by Virtual Assets, Inc., is a U.S.-based, FinCEN-registered money services business that provides customers with access to digital assets, including Bitcoin, through an online platform supporting multiple funding and payout options such as bank ACH, wire transfers, debit and credit card payments, and a cash funding option at supported retail locations. Customers can buy and sell supported digital assets and convert between digital assets and U.S. dollars.

About Mohamed Abdel Aleem

Mohamed Abdel Aleem is the Chief Compliance Officer of Crypto Dispensers and a CAMS-certified compliance and AML professional with more than six years of experience in AML, KYC, and regulatory policy. He specializes in building and operating AML/CFT compliance frameworks across fintech, cryptocurrency and virtual-asset, e-commerce and payments, and banking sectors, including AML/CFT program development, risk assessments, policy and procedure drafting, transaction monitoring and sanctions screening design, KYC/KYB onboarding, blockchain transaction monitoring and crypto-to-fiat controls, Travel Rule compliance, and advisory support for regulator inquiries, audits, and license applications.

Media Contact: Firas Isa, Founder and CEO, Virtual Assets Inc d/b/a Crypto Dispensers — [email protected]