Former AML Quality Control Manager At Bank Of Montreal Appointed Chief Compliance Officer At Tether


The cryptocurrency company Tether Limited announced the appointment of a former AML Quality Control Manager at Bank of Montreal as Chief Compliance Officer at Tether.

Leonardo Real has professional experience within the traditional finance and funds compliance industry. Up to that moment, his responsibilities included establishing best practices, policies, and procedures in line with regulatory requirements to enhance the quality of the bank’s AML investigations.

“We are all very excited to introduce Leonardo as Chief Compliance Officer at Tether, as he joins us on what has already been a remarkable journey to date disrupting the legacy financial system. His depth of experience managing AML risk in capital markets, as well as the wealth management and commercial banking sectors, combined with his proven expertise in quality control management and strategy formulation will make him an invaluable asset to our company. All of us at Tether have every confidence in his ability to oversee and manage all relevant compliance issues as we continue to move forward and grow,” said Jean-Louis van der Velde, Chief Executive Officer of Tether.

Real is a proven thought leader in the industry, having co-written the 2016 ACAMS Today Article of the Year which focused on money laundering risks associated with cryptocurrencies. He also organized a Blockchain, Cryptocurrency, and AML event held in Toronto, Canada in August 2016, bringing together regulators, bankers, law enforcement professionals, and companies in the blockchain space to discuss responsible use of cryptocurrencies.

“Joining Tether as CCO is an incredibly exciting move for me personally, and I am particularly impressed by the motivation, dedication, and talent of the Tether team. I look forward to helping showcase Tether’s commitment to transparency and regulatory compliance within the blockchain and cryptocurrency space,” said Real.

Tether Limited is currently the leading provider of tokenized traditional government-backed currencies