Libra taps another former FinCEN official as general counsel

Robert Werner, former director of FinCEN and OFAC regulatory authorities, has recently joined the Libra Association with tons of regulatory, financial crime compliance and enforcement experience from his previous roles.

The Switzerland-based @Libra_ Association has hired its second former FinCEN official in two weeks.

Via @Dan_Z_Palmer https://t.co/0YYWyTEZOd

— CoinDesk (@CoinDesk) May 19, 2020

This marks Libra’s second hire of a former FinCEN official after Stuart Levey was hired as the project’s first chief executive in early May. Levey is resigning from HBSC for the new role and is expected to join “later this summer” to monitor Libra’s attempts to “combine technological innovation with robust compliance and regulatory framework.”

In April, the Libra Association applied for a payment gateway license with the Swiss Financial Market Supervisory Authority – a move according to it was a significant milestone for Libra Association which is now moving towards its operational phase. 

Before joining Libra, Werner had held senior positions at major financial institutions and was also the founder and CEO of GRH Consulting. Werner stated that he is grateful for the opportunity to be a part of the project. He plans to play an important role in transforming the world payments landscape for empowering billions of people.