Tether, the company behind the controversial, dollar-tied “stablecoin” known as USDT, has hired a chief compliance officer from the eighth-largest bank in North America.
Leonard Real is a former anti-money laundering (AML) analyst for the Bank of Montreal, where he worked for four years in three different positions.
In a statement, Real said that he looks forward to “helping showcase Tether’s commitment to transparency and regulatory compliance within the blockchain and cryptocurrency space.”
Tether has overlapping management and ownership with the cryptocurrency exchange Bitfinex, which earlier this year tapped a former Bank of Montreal executive to serve as its chief compliance officer.
As reported at the time by Crowdfund Insider, Bitfinex hired former BMO director of AML Peter Warrack in May.
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