United States Treasury Under Secretary of Terrorism and Financial Intelligence, Sigal Mandelker (quite the title) has had her say on Facebook’s Libra. She has been quoted as saying that Facebook must comply with anti money laundering standards. “Whether it’s bitcoin, Ethereum, Libra, our message is the same to all of these companies: anti-money laundering and combating the financing of terrorism has to be built into your design from the get-go,” Mandelker said. The comments were made after her meeting with Swiss government officials and representatives from the Bank for International Settlements (BIS) and other international financial bodies to discuss cryptocurrencies including the planned Libra project, which is to be launched by a Swiss-based association. “While the digital currency industry has paid tremendous attention to developing the underlying technology, much of the industry has paid far too little attention to ensuring that the networks they are building do not enable terrorists and other bad actors to hide and move money” Mandelker added. Mandelker went on the say “Switzerland, like a number of other countries, has promoted itself as a hub for fintech and for innovation, and so of course any country that promotes itself in that way “” in my view, it’s incumbent upon that country to take these particular concerns at the highest level in(to) the utmost regard,” Now we must wait for Facebook to address these concerns. It has been said that they do have a plan with AML and KYC regulation but no concrete details have been released as of yet. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street Crypto News share Read Next US Dollar Index technical analysis: DXY off daily highs, remains flat on the day FX Street 4 years United States Treasury Under Secretary of Terrorism and Financial Intelligence, Sigal Mandelker (quite the title) has had her say on Facebook's Libra. She has been quoted as saying that Facebook must comply with anti money laundering standards. "Whether it's bitcoin, Ethereum, Libra, our message is the same to all of these companies: anti-money laundering and combating the financing of terrorism has to be built into your design from the get-go," Mandelker said. The comments were made after her meeting with Swiss government officials and representatives from the Bank for International Settlements (BIS) and other international financial… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
