Episode 13: OCC Clears The Way: Banks Allowed to Hold Cryptocurrencies

Wolters Kluwer® is a market-leading provider of advisory services and technology solutions for optimizing compliance and risk management programs. Banking Compliance Insights is a podcast series created to deliver insights on compliance trends and provide strategies for navigating today’s regulatory and risk environments. What do we know, and what don’t we know about the regulatory requirements for the Office of the Comptroller of the Currency’s (OCC) Letter?The OCC was not exhaustive in its Interpretive Letter about regulating this new trend. Our Wolters Kluwer experts use this episode, “OCC OKs Cryptocurrencies. What Does that Mean for Banks?” to break it down. Our new podcast episode focuses on the OCC’s recent move to permit OCC-regulated banks to provide custody services for virtual assets, including cryptocurrencies. Our host, Wolters Kluwer Vice President of Banking Compliance Solutions, Samir Agarwal, sits down with Mark White, Senior Securities Compliance Analyst with Wolters Kluwer’s Compliance Center of Excellence, to tell us what it means for banks and how they should plan the regulatory landscape surrounding it.If you have a question about how we can assist you with regulatory services for any size institution and staying abreast of emerging technologies navigate these industry waters from beginning to end during the pandemic, please post them in the comments section of this podcast! Subscribe:iTunes/Apple Podcast: https://apple.co/33qiJN8 RSS: https://bit.ly/36tYZdA Google Podcast: https://bit.ly/3jr6oho Spotify: https://spoti.fi/3l9oOU8 Product Highlights from the Podcast: Wolters Kluwer Advisory Services -- https://www.wolterskluwer.com/en/solutions/advisory-services/fintechOneSumX for Risk & Controls Assessment -- https://www.wolterskluwer.com/en/solutions/onesumx-for-compliance-program-management/onesumx-for-compliance-risk-controls-assesmentOneSumX® for Customer Due Diligence - https://www.wolterskluwer.com/en/solutions/onesumx-financial-crime-control/onesumx-customer-due-diligenceOneSumX® for Know Your Customer - https://www.wolterskluwer.com/en/solutions/onesumx-financial-crime-controlSign up for our COVID-19 Regulatory Development Bulletins https://bit.ly/2GkfnCG Want customized compliance strategies? Sign up for a custom demo here. https://bit.ly/2Te4gxWListen to more Banking Compliance Insights by Wolters Kluwer here. https://bit.ly/2G8Flso Where else can you find Wolters Kluwer Financial Services on social media?• Facebook: @WoltersKluwerFinancialServices • Twitter: @WoltersKluwerFS • LinkedIn: https://www.linkedin.com/company/wolt... BUSINESS INQUIRIES For more information and additional guidance, please visit www.WoltersKluwer.com or call 1-800-397-2341. DISCLAIMER: The information and views outlined in this Wolters Kluwer Financial Services’ communication are general in nature and are not intended as legal or professional advice. Although based on the law and information available as of the date of publication, general assumptions have been made by Wolters Kluwer Financial Services that may not take into account potentially important considerations to specific businesses. Therefore, the views and information presented in Wolters Kluwer Financial Services’ communication may not be appropriate for you. Readers must also independently analyze and consider the consequences of subsequent developments and/or other events. Readers must always make their determinations in light of their specific circumstances.