The Libra Association has announced that Robert Werner He will be Director of Legal and Corporate Affairs. The new Legal Counsel is an experienced attorney with a respected record and has worked with leading companies such as HSBC, Goldman Sachs, Bank of America Merrill Lynch.
He has also held important public office in the United States Department of the Treasury, where he directed the Financial Crimes Enforcement Network (FinCEN) as director.
Other prestigious positions have involved him as Director of the Office of Foreign Assets Control (OFAC), Principal Advisor to the Under Secretary for Treasury, Terrorism and Financial Intelligence, and Deputy General Advisor for Compliance and Intelligence.
He also appears to have worked in the Justice Department's legal counsel office, where he assisted the Attorney General and White House legal counsel. Throughout his past, he also worked alongside United States Supreme Court justices Anthony M. Kennedy and Lewis F. Powell.
Werner was also the founder and CEO of GRH Consulting.
Finally, he also worked in the Connecticut State Attorney General's Office and in the administration of former Connecticut State Governor Lowell Weicker.
Libra looking for authorizations
As announced by the association, the goal of the new Director of Legal Affairs will be to help Libra obtain authorizations and become part of the international regulatory process. It is no coincidence that his appointment comes just a few weeks after applying for a license to FINMA, the Swiss financial market regulator.
The goal is ambitious, as he himself has stated:
“I am grateful for the opportunity to join the Libra Association as we work to transform the global payment landscape to empower billions of people. I have dedicated my career to fighting financial crime and helping complex organizations achieve regulatory compliance, both in government and in the private sector. I look forward to contributing significantly to such an impactful project, ”said Mr. Werner.
It won't be an easy path given the obstructionism that Facebook's cryptocurrency has already encountered. However, Libra can now count on the experience of Robert Werner, the new CEO Stuart Levey, and the funds of the new members of the association.