Banking Bitcoin and Cryptocurrencies - Regulatory Risks and Opportunities
Wednesday, October 23, 2019 
2:00 pm – 3:00 pm Eastern 

Financial institutions, as heavily regulated entities, have been reluctant to provide banking services to businesses involved with bitcoin and other cryptocurrencies. Cryptocurrency businesses, however, rely on regulated financial services firms to conduct basic payment processing and other banking functions. The limited supply of banks willing to provide banking services to cryptocurrency companies, combined with the increasing demand for such services from cryptocurrency firms, creates an opportunity for banks willing to service them.

This compliance training covers the operational and regulatory hurdles facing banks and regulated financial-services providers seeking to work with cryptocurrency companies.

Topics Covered:

• An overview of cryptocurrency, blockchain technology, and types of cryptocurrency businesses requiring banking services;
• Regulatory risk factors and risk considerations for financial institutions servicing cryptocurrency businesses; Customer onboarding and minimum diligence expectations for banks considering cryptocurrency relationships; and
• Best practices for managing risk associated with banking cryptocurrency users and related counter-parties. 

Who Should Attend?  

Bank executive officers, bank directors, and other senior management;, Bank Secrecy Act (BSA) officers, anti-money laundering (AML) specialists, and compliance personnel; and, Key personnel at banks and cryptocurrency firms interfacing with state and federal financial regulatory agencies (FinCEN, Federal Reserve, OCC, and FDIC)

Speaker:

John Popeo, The Gallatin Group / Principal – Financial Services Regulations

John Popeo is a principal at The Gallatin Group, a consulting firm that advises financial institutions, investment companies and technology firms on a range of complex transactions and bank regulatory matters. Prior to joining Gallatin, Mr. Popeo was a senior associate in the financial institutions group (FIG) at Hogan Lovells US LLP. He spent a decade in various roles at the Federal Deposit Insurance Corporation (FDIC) and the Federal Reserve Bank of Boston. At the FDIC, Mr. Popeo assisted in responding to the 2008 global financial crisis and represented the agency before various subcommittees of the Financial Stability Oversight Council (FSOC). Mr. Popeo also drafted regulations to implement provisions of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010. Earlier in his career, he worked in the Financial Litigation Unit of the United States Attorneys’ Office. Mr. Popeo also serves as a faculty member at the Financial Integrity Institute at Case Western Reserve University School of Law.

Attendance verification for CE credits provided upon request.

Webinar Sponsored by BankersHUB

If you are having issues with registering online, please contact CBAO's Education & Training Coordinator, Lianne Simeone, (614) 610-1877