Banking Cryptocurrency: BSA and Risk Considerations

IT, Technology, & Operations

With consumer and industry interest in cryptocurrencies rising, banks need to understand the risk and compliance considerations when looking to enter the cryptocurrency marketplace. In this session, learn what cryptocurrencies are, who the different cryptocurrency consumers are that might approach a financial institution for services, and the risk and compliance considerations a bank should consider when opening and maintaining accounts for cryptocurrency consumers. Build a base of knowledge on the considerations regarding cryptocurrency consumers and be ready when your bank is approached for services.

Who Should Attend: Chief Risk Officer, Compliance Officer, QA Analyst, Risk Officer, IT Director

Learning Objectives

  • Explore the foundations of cryptocurrency and the current state of the marketplace
  • Learn about the current regulatory guidance for both cryptocurrency customers and financial institutions who serve them
  • Understand the risks associated with maintaining accounts and providing services to cryptocurrency customers


Matt Hagen
Senior Regulatory Compliance Consultant
Matt is a senior regulatory compliance consultant in the financial institutions group of CliftonLarsonAllen LLP. He specializes in providing regulatory compliance consulting for financial institutions through a combination of on-site visits and remote work. Matthew works with our clients to assist them in establishing and improving compliance programs including conducting targeted compliance assessments and reviews, staff and professional training on financial institution regulations, and BSA/AML/OFAC independent testing.

Prior to joining CLA, Matthew was a law clerk for a Minnesota District Court Judge and at the firm of Trepanier, MacGillis, Battina P.A. Prior to attending law school, he spent two years as a Member Service Advisor at University Federal Credit Union in Grand Forks, ND.

Webinar Fees

Pricing For Price Season Pass
Bank Member $195 $0
Bank Nonmember $249 $0
Affiliate Member $195 $0
Affiliate Nonmember $249 $0

Season Pass Members receive 4 individual logins to every webinar

Additional Info

Participants will earn 1.0 CPE credit

Field of Study: Specialized Knowledge

Prerequisites: None

Advanced Preparation: None

Program Level: Basic

Delivery Method: Group Internet Based

Refunds and Cancellations: Webinar registrations are non-refundable. If the registrant is unable to attend the designated time and date of the webinar, a playback link and any written materials will be provided within 2 business days following the conclusion of the webinar

Western Bankers Association is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its


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