Cryptocurrencies - The Next Step in Banking: Implementation, Rules and Support

Instructor: Warren R Markowitz
Product ID: 704178
  • Duration: 60 Min

recorded version

1x Person - Unlimited viewing for 6 Months
(For multiple locations contact Customer Care)
Recorded Link and Ref. material will be available in My CO Section

Training CD

One CD is for usage in one location only.
(For multiple locations contact Customer Care)
CD and Ref. material will be shipped within 15 business days

Customer Care

Fax: +1-650-963-2556


Read Frequently Asked Questions

The objective of this training program is to understand the impact of cryptocurrencies and how they are shaping the current economics of the banking industry. The course will also offer attendees an understanding of how to implement protective and supportive measures into current compliance operations.

Why Should You Attend:

Cryptocurrencies are here. Regardless of whether the current batch remains around for the next 6 months or 60 years, they are not to be ignored. As credit cards move away from magnetic strips to RFID, and banks move from cash to digital, regulatory professionals must understand and implement procedures and programs to maintain a balance between business and profit.

Cryptocurrencies have a place in the traditional banking field, as well as an alternative payment method that can expand and develop into a banking mechanism that possesses substantial upside and profit with limited cost and hassle. Embracing technology is never easy, generally met with high costs and limited returns, but what if that could be reversed? Expanding services and support for mechanisms outside of our daily control can present substantial profit and benefit; especially if we can do it without subjecting our institutions to business and reputational risk.

If your institution supports these businesses, then are you doing it in a fashion in which it protects and enhances your business model, or are you pushing these organizations away out of fear of lack of regulation and understanding? In either case, it is best to understand their implications, makeup and potential before making impacting business decisions.

This webinar will furnish attendees with the answers to the questions above and remove ambiguities on the subject.

Areas Covered in the Webinar:

  • What is a cryptocurrency?
  • Where did they come from?
  • Can I implement them in my current business; if so then what do I need.
  • Are there existing rules pertaining to them?
  • What can I do to support developing technologies in my current business model?

Who Will Benefit:

  • AML/BSA Officers
  • Compliance Officers
  • Compliance Analysts
  • Company Management
  • Audit Professionals

Instructor Profile:

Warren R. Markowitz is an attorney and veteran compliance officer, with nearly 20 years’ experience in the U.S. financial sector. Mr. Markowitz has dealt hands on with large and small scale, foreign and domestic institutions and has provided timely cutting edge advice in their dealings with state, federal and self-regulatory authorities. His experience in the financial markets, having come from Wall Street to law and with first-hand knowledge as to regulatory implications has enabled him to represent his clients and provide real world references and perspective when resolving pre-existing issues and avoiding new ones. Because of his experiences, he approaches each task as a chance to advance the needs and opportunities of his clients.

Topic Background:

Cryptocurrencies are digital mediums of exchange. Unmanaged by governments, decentralized so that no one party may have a negative impact on their value or their reputation. So how does a banker deal with the impact of cryptocurrencies on the traditional banking market? With an understanding of what they are and what they are not we can address the known and protect against the unknown by using tools regularly available to us today and remain in compliance with current regulatory methods.

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