Marijuana Update: On-Boarding, Payments, Monitoring & Schedule III Change Implications

Marijuana Update: Implications of Schedule III Change, On-Boarding, Payments & Monitoring

Directors Frontline & New Accounts Lending Marketing Operations Security & Fraud Senior Management Deposit Account Compliance Managers & Supervisors Fraud

On-Demand Webinar

StreamedJan 22, 2025Duration90 minutes

Unlimited & shareable access starting two business days after live stream
Available on desktop, mobile & tablet devices 24/7
Take-away toolkit
Ability to download webinar video
Presenter's contact info for questions

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Just when you thought you had marijuana banking down, along comes a proposed change from a Schedule I to a Schedule III drug.

What are the implications? How will risk rating change? Have you developed new procedures? How will SARs be affected? How will regulatory scrutiny differ? Join this timely webinar and learn how to develop a top-to-bottom approach to this industry, including policy, procedures, and controls.

AFTER THIS WEBINAR YOU’LL BE ABLE TO:

Identify high-, medium-, and low-risk marijuana businesses
Develop a new account interview
Understand what will and will not change if Schedule III changes happen
Identify the challenging payment systems with this primarily cash business
Monitor and report SARs on marijuana

WEBINAR DETAILS

This program will present a comprehensive, top-to-bottom approach to marijuana banking. You’ll learn how to use your state statutes to help develop documentation, licenses to be acquired and renewed, definitions, and policy. It will address how to develop checklists and file SARs as required for marijuana-related businesses and explain why you should separate out your procedures for hemp-related businesses. Learn who and what will be affected by marijuana rescheduling. This ever-evolving business still has its challenges, and those who handle these accounts have to be prepared for regulatory scrutiny.

WHO SHOULD ATTEND?

This informative session is designed for BSA officers, branch administration, branch operations staff, compliance professionals, management, and trainers.

TAKE-AWAY TOOLKIT

New account questionnaire and on-boarding checklist
Employee training log
Interactive quiz
PDF of slides and speaker’s contact info for follow-up questions
Attendance certificate provided to self-report CE credits

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