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The scale continues on its way into the future and announces a new entry

June 10, 2020

The Libra Association, the group behind Facebook’s Digital Assets project, has released an update of its members.

Sterling Daines has been appointed Chief Compliance Officer (CCO). the organization, according to a statement submitted to Cointelegraph employees. Daines will leave his position at Credit Suisse Sometime in 2020 to take on his role in the Libra Association.

Daines joins the organization to ensure security

“I am happy to join the Libra Association Work on the transformation of the digital financial space Empower billions of people, “said Daines in the statement, adding:

“A key element in achieving this mission is ensuring that we create a safe, compliant, and reliable platform for all users, which I hope I can make a significant contribution to.”

Recent settings ensure compliance with legal regulations

The scale continues on its way into the future and announces a new entryThe scale continues on its way into the future and announces a new entry

Daines already has financial experience Anti-Money Laundering Practices (AML) and prevent at the same time Fraud and other harmful practices, according to the statement. Daines also worked for the powerful financial services company Credit Suisse as Global Head of Financial Crime Compliance the company as well CEO.

Several of the Libra Association’s recent attitudes They show the organization’s desire to comply with the regulations.

Cointelegraph contacted Libra for further details, but has so far received no response from the press. This article will be updated accordingly if a response is received.