The Libra Association appoints Robert Werner as General Counsel

May 19, 2020
Libra Association

Geneva, Switzerland - The Libra Association, an independent member organization, is pleased to announce the appointment of Robert Werner as its General Counsel. Mr. Werner brings a wealth of regulatory, financial crime compliance and enforcement experience from his work in both the public and private sectors. Prior to joining the Libra Association, Mr. Werner was the founder and CEO of GRH Consulting and held leadership positions at several world-renowned financial institutions, including HSBC and Goldman Sachs, where he was the Enterprise Executive for Policy, Privacy and Regulatory Relations, in addition to heading financial crime compliance for Merrill Lynch.

Previously, Mr. Werner served at the highest levels of the United States Department of the Treasury as the Director of the Financial Crimes Enforcement Network (FinCEN), Director of the Office of Foreign Assets Control, (OFAC), Senior Counsel to the Under Secretary of the Treasury, Terrorism and Financial Intelligence, and Assistant General Counsel for Enforcement and Intelligence in the Office of the General Counsel.

"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,” said Mr. Werner. “I have dedicated my career to combating financial crime and helping complex organizations achieve regulatory compliance, both in government and in the private sector. I look forward to meaningfully contributing to such an impactful project.”

On April 16, 2020 the Libra Association formally initiated the payment system licensing process with FINMA, an important milestone as the Libra Association moves to a more operational phase of the project. In addition to initiating the payment system licensing process, the Libra Association released an updated white paper. The Libra Association membership is comprised of geographically distributed and diverse businesses and nonprofit organizations working to create a blockchain-based payment system supporting financial inclusion and responsible financial services innovation.

About Robert Werner

Robert Werner is the General Counsel of the Libra Association. Mr. Werner has been at the forefront of regulatory change and response throughout his career, which has spanned state, federal, and global levels. Prior to joining the Libra Association, he served as CEO and founder of GRH Consulting, LLC and on the Board of Directors of Deutsche Bank Trust Company and Deutsche Bank Trust Company Americas.

Previously, Mr. Werner led the Financial Crime Compliance function of HSBC where he was responsible for the global operation and assurance of all financial crime policies and procedures, including anti-money laundering, terrorist and proliferation finance, sanctions, anti-bribery and corruption, client selection, and reputational risk programs. He previously held leadership positions in Financial Crime Compliance and Legal and Audit at Goldman Sachs and Bank of America Merrill Lynch.

Mr. Werner has served at the highest levels of the United States Department of the Treasury as the Director of the Financial Crimes Enforcement Network, (FinCEN), Director of the Office of Foreign Assets Control (OFAC), Senior Counsel to the Under Secretary of the Treasury, Terrorism and Financial Intelligence, and Assistant General Counsel for Enforcement and Intelligence in the Office of the General Counsel.

An accomplished attorney, Mr. Werner previously worked in the Justice Department’s Office of Legal Counsel where he advised the Attorney General and White House counsel and clerked for United States Supreme Court Justices Anthony M. Kennedy and Lewis F. Powell, Jr. Mr. Werner has also worked in the Office of the Attorney General, State of Connecticut and in the administration of the former Governor of the State of Connecticut, Lowell P. Weicker, Jr.

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