Libra Association Appoints Former FinCEN Head as General Counsel

The Libra Association, the organization behind Facebook’s Libra stablecoin project, announced the appointment of Robert Werner as its general counsel, in what seems to be a continuing strategy to reconcile with regulators.

Werner brings vast experience from both the public and private sectors, including serving as the director for the Finance Crimes Enforcement Network (FinCEN) and overseeing both HSBC and Goldman Sachs’ enterprise executive for policy and regulations.

“I have dedicated my career to combating financial crime and helping complex organizations achieve regulatory compliance, both in government and in the private sector,” said Werner.

“I am grateful for the opportunity to join the Libra Association, as we work to transform the global payments landscape to empower billions of people […] I look forward to meaningfully contributing to such an impactful project,” he added.