Virtual Cash, Virtual Wallets and Virtual Branches: The New BSA Frontier

This program will look at these issues and products and the life cycle of product development, compliance, third party management and BSA issues in a real world of examiners.

New technologies bring new compliance issues for your financial institution. In this program, we will look at the virtual currency issues and the BSA response to those issues. We will discuss the difference between the user, exchanger and administrator of virtual currency. The new market of virtual wallets also creates some challenges. These products are offered both from the banking side and from the mobile application side. Depending on which side you are on, there may be compliance challenges and issues for the development of this smart product. If you are just at the beginning of the virtual world you may be opening accounts online and using remote deposit capture and are uncovering the real world of compliance issues. 


  • What is virtual currency? Who can begin a virtual currency?
  • What is the difference between real and virtual currency?
  • Who are the user, exchanger and administrator of these currencies?
  • What makes centralized versus decentralized virtual currency?
  • What are the financial institution’s responsibilities in monitoring and documenting the activity of the virtual currency?
  • What is a virtual wallet? What is the product used for and what are the compliance issues?
  • What type of money service business is the exchanger of virtual currency?
  • Virtual branches and other online account opening compliance issues
  • The ongoing issues with remote deposit capture and virtual or image checks
  • New products on the horizon and all the new compliance issues
  • Beginning to understand the life cycle of a product from the regulatory point of view


BSA Officers, Compliance Officers, Retail product development, Branch operations, Branch compliance personnel and other compliance staff.


Deborah Crawford is the President of gettechnical inc. She specializes in compliance and regulations for the deposit side of financial institutions. Her 20+ year career in banking and training began at Hibernia National Bank. She has been a seminar leader for many state associations and credit union groups across the nation. She has Bachelors and Masters degrees from Louisiana State University.

Credit Information

Institute of Certified Bankers: Visit http://www.icbmembers.org/login.aspx for instructions regarding self-reporting. Estimated credits: 2.5 CE Credits.


Either Live or 6-Month On-Demand Webinar: $255

Both Live and 6-Month On-Demand Webinar: $355


Online: Click here.

Phone: Call Total Training Solutions at (800) 831-0678

Register online up to day of event. Earlier registration allows time to check your computer for an optimal experience.