Cryptocurrency And Digital Asset Deposits: Regulations And Risk

with
Timothy Dunfey
On-Demand
$149.00
Training Includes:
  • Certificate of Attendance
  • All resources and training materials
  • An on-demand recording will be available after the live presentation.

Financial compliance attorney Timothy Dunfey will suggest how your institution can approach cryptocurrency. You will learn how to anticipate and contain risk while meeting accountholders’ expectations.

What You'll Learn

  • What regulations cover banking digital assets?
  • How are financial institutions using digital assets today?
  • How will evolving laws change cryptocurrency use?
  • What are the risks of not offering digital asset deposits?
  • What risks related to digital assets do financial institutions face?
  • How can you manage the risks?

Training Overview

Do you accept digital asset deposits? Learn how to mitigate risks and adhere to regulations while meeting this growing accountholder expectation.

Through July 16, the FDIC is soliciting information from financial institutions on their current and planned use of digital assets. The FDIC’s request for information noted, “Banks are increasingly exploring several roles in the emerging digital asset ecosystem, such as being custodians, reserve holders, issuers, and exchange or redemption agents; performing node functions; and holding digital asset issuers’ money deposits.”

If your institution is not already handling digital assets, you likely will soon. You must learn about new products, stable coins, and how financial institutions use these currencies. You need to understand and mitigate the risks associated with digital assets and follow the quickly evolving regulatory guidance for their use.

  • What regulations cover banking digital assets?
  • How are financial institutions using digital assets today?
  • How will evolving laws change cryptocurrency use?
  • What are the risks of not offering digital asset deposits?
  • What risks related to digital assets do financial institutions face?
  • How can you manage the risks?

Who Should Attend?

  • Bank and credit union management

    • CEOs

    • Presidents

    • COOs

    • CFOs

    • Senior management

    • Business unit and department managers

    • In-house counsel

    • Board members

  • Bank and credit union compliance and audit personnel

    • Compliance officers

    • Risk managers

    • Chief risk officers

    • BSA/AML officers

  • Bank and credit union client- and member-facing staff

    • Business development officers

    • Sales staff

    • Branch managers

    • Assistant branch managers

    • Business bankers

    • Bankers

Expert Presenter

Timothy Dunfey

  • Financial crimes compliance attorney and consultant with over 20 years of experience in financial services management, sales, operations, and compliance
  • Currently overseeing legal and compliance matters for a credit card company
  • Previously Compliance Officer at Citibank, overseeing EDD for the highest risk customers, and Deputy BSA Officer at Great Florida Bank
  • As a consultant with Promontory Financial Group, represented boards regarding regulatory deficiencies, managed numerous FCC improvement projects, and conducted audits and risk assessments across a wide variety of financial institutions
  • J.D. degree

For Teams

Have a team that needs training? Our enterprise customers receive custom branding, reporting and analytics tools, and of course, preferred pricing.