Tether has announced the appointment of Leonardo Serious, a former anti-dollars laundering (AML) top quality regulate supervisor at Lender of Montreal, as the company’s new chief compliance officer (CSO). The announcement arrives just a person week after Phil Potter, a person of Tether’s directors, announced that he will be leaving sister enterprise, Bitfinex.
Tether Announces New CCO
Leonardo Serious, former AML regulate supervisor of Canada’s fourth-major monetary institution, Lender of Montreal, has been announced as Tether’s new chief compliance officer.
A press release issued by Tether has stated that Mr. Serious has been introduced in “to guide in placing the optimum expectations in compliance.” Jean-Louis van der Velde, the chief govt officer of Tether welcomed the arrival of Mr. True, stating “We are all extremely excited to introduce Leonardo as Chief Compliance Officer at Tether, as he joins us on what has previously been a exceptional journey to date disrupting the legacy monetary program. His depth of practical experience running AML threat in cash marketplaces, as nicely as the wealth administration and business banking sectors, mixed with his demonstrated know-how in top quality regulate administration and tactic formulation will make him an a must have asset to our enterprise. All of us at Tether have each and every self-assurance in his means to oversee and manage all appropriate compliance problems as we carry on to shift ahead and improve.”
“We are especially excited to announce this key hire at a seminal stage in the existence of the blockchain and cryptocurrency sector. As the industry matures, all actors in just the place shall be expected to fulfill a larger common of industry very best methods. As Tether carries on to function to realize our vision of overall transparency and unparalleled safety in just the cryptocurrency current market, we will constantly endeavor to set the gold common in regulatory compliance. Leonardo will participate in an important purpose in acknowledging these aims, and we are extremely excited to welcome him aboard as we seem ahead to all that lies ahead,” the Tether CEO added.
Mr. Real’s Cryptocurrency Resume
Just before working with Lender of Montreal, Tether states that Mr. Serious “also has practical experience working in monetary day, stock, and futures buying and selling,” introducing that “Real is a demonstrated imagined leader in the industry, owning co-published the 2016 ACAMS These days Report of the Calendar year which focused on dollars laundering risks involved with cryptocurrencies.”
“Joining Tether as CCO is an very fascinating shift for me individually, and I am especially impressed by the drive, commitment, and talent of the Tether crew. I seem ahead to serving to showcase Tether’s commitment to transparency and regulatory compliance in just the blockchain and cryptocurrency place. As a longtime advocate of blockchain technological innovation and the integration of cryptocurrencies into the mainstream, I am searching ahead to putting my practical experience in AML and regulatory compliance in classic monetary institutions to use, to assure that the Tether task can carry on its function disrupting classic industries,” said Mr. Serious.
Mr. Serious “also arranged a Blockchain, Cryptocurrency, and AML celebration held in Toronto, Canada in August 2016, bringing collectively regulators, bankers, law enforcement industry experts, and businesses in the blockchain place to focus on liable use of cryptocurrencies.”
Phil Potter to Stand Down From Bitfinex
Tether director, Phil Potter, not too long ago announced that he would stand down from his purpose as the Bitfinex’s chief safety officer, right before soon leaving Tether’s intended sister enterprise.
Mr. Potter stated: “As Bitfinex pivots away from the U.S., I felt that, as a U.S. particular person, it was time for me to rethink my position as a member of the govt crew.”
Tether Sends a hundred Million USDT to Bitfinex
At 12:53:29 AM, thirteenth of July, 2018, a hundred million USDT was sent to a wallet that is owned by Bitfinex, pursuing a person of several significant Tether issuances of recent months.
At eleven:fifty nine:27 PM on the twenty fifth of June, Tether developed 250 million USDT, pursuing the creation of the exact same amount of USDT on the nineteenth of May possibly.
What is your reaction to Tether’s appointment of Leonardo Serious to the position of chief compliance officer? Share your feelings in the remarks area down below!
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