Stuart Levey served as an underneath secretary for act of terrorism underneath the administrations of George W. Bush and Barack Obama, specializing in the enforcement of all U.S. anti-money laundering and counter violent funding legal guidelines by the Financial Crimes Enforcement Network (FinCEN). In his most up-to-date place, he served because the chief authorized officer at HSBC.
Levey’s appointment continues a development of Libra making an attempt to make peace with regulators.
The press launch quotes Katie Haun, General Partner at Andreessen Horowitz and Libra Association board member who led the CEO search committee:
“Stuart brings to the Libra Association the rare combination of an accomplished drawing card in both the government, where he enjoyed nonpartizan respect and influence, and the private sphere where he managed teams spread across the globe. This unique experience allows him […] strike the right balance between innovation and regulation.”
Empowering billion folk whereas holding unhealthy gamers out
In his assertion, Levey emphatic the significance of empowering a billion folk whereas fillet illicit exercise:
“I am honored to join the Libra Association as it charts a bold path forward to harness the power of technology to transform the global payments landscape. Technology provides us with the chance to make it easier for individuals and businesses to send and receive money, and to empower more than a billion people who have been left on the sidelines of the business system.”
Under examination from the U.S. authorities, Libra has requisite to make some compromises to its authentic originative and prescient. Perhaps, Levey, who admired nonpartizan assist whereas in work and who has huge expertise inside the area of medium of exchange regulation is the soul who will transfer the mission ahead inside the face of fast competitors.