Maxwell T.S. Thompson is a member of the Firm’s FinTech & Blockchain Practice and the Cybersecurity, Cybercrime, & Incident Response Practice.
He joined Murphy & McGonigle from Bank Leumi USA, where he had served as Assistant General Counsel and Assistant Corporate Secretary. There, he advised on the impact of federal and state financial services laws and regulations, made recommendations for compliance, and helped guide the bank through regulatory exams. Mr. Thompson also handled several cybersecurity matters, engaging directly with the bank’s Information Security team to advise on regulatory requirements, revise policies and procedures, review vendor agreements, and advise on incident response requirements.
Mr. Thompson also advised on corporate governance and was highly involved with the board of directors. He assisted with revisions of several bank policies and charters, reviewed and analyzed bylaws and operating guidelines, provided regulatory updates and training to the board, and assisted with corporate affairs.
Previously, Mr. Thompson served for three years at the New York State Department of Financial Services in the Office of General Counsel. While at NYDFS he assisted with the enactment of the “Bitlicense” regulation and handled subsequent matters pertaining to the licensing and supervision of cryptocurrency entities. Mr. Thompson also served as a principal drafter for the Department’s cybersecurity regulation (Part 500), advised on subsequent data privacy and cybersecurity matters pertaining to data breaches and supervisory issues, and counseled examiners on cybersecurity.
In addition, Mr. Thompson advised various divisions of the Department on the activities of banks, money transmitters, payment processors, and emerging financial technology products and services, and assisted with several of the Department’s foreign exchange and anti-money laundering investigations.