Thursday
Mar 21
2019

Banking Marijuana-Related Businesses

Registration Options & Pricing

Please select your membership status.


Live Webinar Includes

  • One connection to the Live Webinar
  • Handout and Take-Away Toolkit
  • Available on Desktop, Mobile & Tablet
  • Presenter’s Contact Info for Follow-Up

Recorded Webinar Includes

  • Recording of the Live Webinar
  • Available 6 business days following Live date
  • Available for 6 months following Live
  • Handout and Take-Away Toolkit
  • Available on Desktop, Mobile & Tablet
  • Free Digital Download, yours to keep
  • Share link with anyone at your bank
  • Presenter’s contact info for follow-up
150+
Webinars
Available
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Satisfaction
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12:00 pm – 1:30 pm PT
1:00 pm – 2:30 pm MT
2:00 pm – 3:30 pm CT
3:00 pm – 4:30 pm ET

Approximately thirty-three states and the District of Columbia have legalized marijuana in some form. This new industry has provided opportunities to entrepreneurs, and these new businesses need banking services. But with marijuana use and sale still illegal at the federal level and the repeal of the Cole Memo, your institution may be hesitant to serve marijuana-related businesses (MRBs). This webinar will dive into marijuana-related regulations and review FinCEN guidance to help you establish due diligence policies/procedures and develop MRB monitoring strategies to ensure compliance.

Continuing Education: Attendance verification for CE credits upon request

HIGHLIGHTS

  • Understanding the types of MRBs
  • FinCEN guidance and how to incorporate it into your process
  • Risk rating MRBs based on tiers of business activity
  • Suspicious activity reporting requirements for MRBs
  • Initial and ongoing due diligence to detect and monitor MRB activity

  • TAKE-AWAY TOOLKIT
    • Sample BSA policy language
    • Red flags for marijuana-related businesses
    • MRB enhanced due diligence worksheet
    • Employee training log
    • Quiz to measure staff learning and a separate answer key

WHO SHOULD ATTEND?

This valuable session will benefit new accounts personnel, branch managers, operations staff, BSA officers, and compliance officers.

 

NOTE:  All materials are subject to copyright. Transmission, retransmission, or republishing of any webinar to other institutions or those not employed by your financial institution is prohibited. Print materials may be copied for eligible participants only.

MEET THE PRESENTER

Brode Consulting Services, Inc.
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