Robert A. Musiala Jr.

Counsel

Chicago
T +1.312.416.8192
F +1.312.416.6201

Overview

BakerHostetler’s Blockchain Counsel, Robert A. Musiala Jr., is esteemed for his roles in the areas of cryptocurrency anti-money laundering/counter-terrorist financing, and concept development for blockchain-based solutions. Robert’s practice includes advising blockchain industry clients on the application of the U.S. Bank Secrecy Act (BSA) and regulations issued by the U.S. Financial Crimes Enforcement Network (FinCEN).  Robert also counsels clients that have previously completed “initial coin offering” events on strategies for mitigating personal and business risk, limiting business disruption and achieving regulatory compliance.  His experience also includes assisting clients with blockchain based alternative trading system (ATS) applications, advising blockchain technology firms on strategies for achieving compliance with the EU’s General Data Protection Regulation (GDPR), and counseling businesses that are working with blockchain enterprise consortia.  

Prior to joining BakerHostetler, Robert was a founding member of the blockchain practice at a “Big Four” accounting firm and one of the largest professional services firms in the world, where he was introduced to blockchain through his work as an intelligence analyst and financial crimes investigator. His achievements in threat finance include managing a team of investigators to collect intelligence and produce a threat/counter-threat analysis on cryptocurrency and blockchain for a U.S. national security community client. An innovative thought leader, Robert is the inventor of a patent-pending blockchain micropayments system. He is also the co-inventor and primary concept developer of a patent-pending system that leverages blockchain technology to promote transparency, speed and security, and mitigate economic crime in funds governance and aid distribution programs.

Select Experience

  • Drafted complex BSA compliance analysis for blockchain industry client that involved several issues of first impression related to cryptocurrencies, smart contracts and money transmission.
  • Drafted U.S. alternative trading system (ATS) application for broker-dealer/ATS platform underpinned by a private/permissioned blockchain.
  • Drafted GDPR compliance analysis for major blockchain self-sovereign identity solution provider and designed “reg-tech” system architecture analysis.
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Experience

  • Drafted complex BSA compliance analysis for blockchain industry client that involved several issues of first impression related to cryptocurrencies, smart contracts and money transmission.
  • Drafted U.S. alternative trading system (ATS) application for broker-dealer/ATS platform underpinned by a private/permissioned blockchain.
  • Drafted GDPR compliance analysis for major blockchain self-sovereign identity solution provider and designed “reg-tech” system architecture analysis.
  • Advised ‘initial coin offering” issuer in responding to SEC subpoena and investigation.
  • Advises blockchain industry clients on regulatory compliance in connection with funding mechanisms, including seed/angel funding, Regulation CF crowdfunding, Regulation A+ limited public offerings and Regulation D accredited investor funding.
  • Advises blockchain industry clients in connection with systems architecture and off-chain storage to comply with the EU General Data Protection Regulation.
  • Drafted and negotiated agreements with various types of technology vendors on behalf of blockchain industry clients.
  • Advised general counsels at major U.S. firms on contract negotiations involving blockchain industry consortia related to food supply chain, advertising impression data, and data security/encryption standards.
  • Managed team to produce 50-state analysis of U.S. money transmitter licensing regimes to facilitate strategic planning for cryptocurrency exchanges.
  • Attendee since 2016 of annual summit held in conjunction with the United Nations and dedicated to improving lives through digital identity.
  • Serves on global policy council of major blockchain based self-sovereign identity solution provider.
  • Managed team to produce threat/counter-threat analysis on blockchain for U.S. national security community client; prepared and presented case studies and other trainings to various U.S. intelligence agencies.
  • Managed team of anti-money laundering (AML) investigators on 15-month AML lookback, performed under consent order at major U.S. financial institution; acted as case investigator on 5-month AML lookback, performed under consent order at major U.S. financial institution.
  • Managed team of intelligence analysts to produce analysis on global trade-based money laundering threat environment for U.S. intelligence community client.
  • Primary drafter of over 30 policies, procedures and training materials to re-design comprehensive governance, risk and compliance program for a major global pharmaceutical company.
  • Inventor, author and primary concept developer of patent pending blockchain-based system to improve transparency and mitigate fraud in funds governance, procurement and aid distribution programs.
  • Inventor of patent pending blockchain micropayments solution.

Recognitions and Memberships

Recognitions

  • Certified Financial Crimes Specialist (CFCS)
  • JD Supra Readers' Choice Awards: Top 10 Author in Finance & Banking (2020)

Memberships

  • Evans Scholars Par Club
  • Chicago Bar Association, Emerging Technologies Committee

News

News

Press Releases

Publications

Alerts

Articles

Blog Posts

Featured Video

Blockchain for Real Estate: Cryptography, Closings, Registries and REITS
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Hear the technical concepts that make blockchain a cutting-edge technology and more.

Prior Positions

  • PricewaterhouseCoopers Advisory Services, LLC: Manager of Blockchain and Cryptocurrency, Financial Crimes Unit, Global Intelligence, Forensics Investigations, and more (2011 to 2017)

Admissions

  • Illinois

Education

  • M.S.A., University of Illinois at Chicago Liautaud Graduate School of Business, 2011
  • J.D., Notre Dame Law School, 2003
  • B.A., Creative Writing (with honors) and International Studies, Northwestern University, 2000; Chick Evans Scholar

Blog

In The Blogs

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Blockchain Monitor
U.S. Crypto Exchange Approved as Wyoming Bank; Firms Integrate Blockchain for Data Management; Multiple Enforcement Actions by Treasury, SEC, DOJ and CFTC
By Robert A. Musiala Jr., Marc D. Powers, Jordan R. Silversmith
September 18, 2020
In this issue: • U.S. Crypto Exchange Approved as Wyoming Bank, MSB Regulations to be Simplified • Auto, Mining and Financial Firms Integrate Blockchain for Data Management • OFAC, DOJ, IRS and FATF Take Various Actions Against...
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Blockchain Monitor
CBDC Test Platform Launches, Crypto Adoption Report Published; Air Force Awards Contract to Study Blockchain Applications; Past Bitcoin Code Vulnerabilities Disclosed
By Robert A. Musiala Jr., Jordan R. Silversmith, Joanna F. Wasick
September 11, 2020
In this issue: • CBDC Testing Platform Launches, Crypto Adoption and Bitcoin Payment Options Grow • Air Force Awards Contract to Study Blockchain, Retailer Reports Successful Invoice Pilot • Hackers Demand $4 Million Bitcoin Ransom, Past...
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Blockchain Monitor
IRS Addresses Crypto Micropayments, Blockchain Shipping Platforms Expand, DOJ Ties North Korea Crypto Hacks to Chinese Traders, FBI Thwarts Plot Involving Bitcoin Bribe
By Teresa Goody Guillén, Robert A. Musiala Jr., Jordan R. Silversmith, Joanna F. Wasick
September 4, 2020
In This Issue: • IRS Addresses Taxing Crypto Received in Microtasks, Swiss Enable Crypto Payments • Blockchain Shipping Platforms TradeLens and ShipChain Expand Networks • North Korean Crypto Hacks Laundered by Chinese; Crypto Compliance...
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Blockchain Monitor
IPO Using ERC20 Tokens Approved, Report Details APAC Bitcoin Trading Data, Quorum Is Sold/Acquired, Blockchain Initiatives for Coffee and NASA, Crypto Crimes Continue
By Robert A. Musiala Jr., Veronica Reynolds, Joanna F. Wasick
August 28, 2020
In this issue: • Blockchain Used in IPO and ATS, Bitcoin Fund Announced, APAC Trade Data Published • Quorum Acquisition Announced, Blockchain Initiatives Launch for Coffee and NASA • Crypto Crimes Continue in Ransomware, Fraud, Wash...
Read More ->
Blockchain Monitor
Federal Reserve Addresses Digital Currencies, Financial Firms Announce Crypto Initiatives, Blockchain Solutions Announced, Enforcement Actions in US and Ukraine
By Robert A. Musiala Jr., Jordan R. Silversmith
August 21, 2020
In this issue: • Federal Reserve Addresses CBDCs Amid Crypto Initiatives by US and Foreign Firms • Blockchain Initiatives Announced in Supply Chain, Voting, Ports and Collaborations • Crypto Enforcement Announced by SEC, DOJ, and Texas...
Read More ->