Facebook digital currency wallet Calibra is forming a compliance team

According to CoinDesk, Facebook's digital currency wallet Calibra is strengthening its compliance team, which is trying to convince the US and European regulators Libra that the project will not pose a legal threat. For example, the company is looking for an expert who will “lead to identify and analyze our regulatory requirements and develop policies, procedures and controls to ensure that Calibra fully complies with all sanctions requirements”. Recruitment revealed that the sanctions lead will work with Calibra's legal and policy team to interact with Facebook partners and government agencies and regulators to ensure that the product meets global requirements. Facebook is also looking for more talent to strengthen Calibra's legal compliance efforts, one of which is head of the Bank Secrecy Act – Anti-Money Laundering Act (BSA/AML), which requires an experienced bank executive. Ensure that Calibra's policies are “in compliance with global BSA/AML related laws and regulations”. Other related positions include compliance officers and fraud executives.