Banking Cannabis Businesses: FinCEN Guidance, Due Diligence Policies and Procedures and Risk Management Webinar

Although marijuana remains a Schedule I substance federally, thirty-four states have now legalized either medical marijuana, recreational marijuana, or both, and even more states are poised to pass legislation soon. This has opened an entirely new, booming industry, packed with businesses who need deposit accounts, loans, and other financial products.

Could a cannabis business open an account or borrow from your financial institution? Or does confusion remain regarding the difference between marijuana- and hemp-related laws. Where do you start? What are the risks? What due diligence is required? What about all the cash transactions, CTRs, and SARs? What reporting is expected? This timely session will address these questions, differentiate between marijuana-related and hemp-related laws, and map out the landmines. Learn the facts so you can make an informed decision about whether to serve these businesses.

Join us as we take the stigma out of banking cannabis-related businesses, and help you prepare your policies, procedures and best practices.

The “Banking Cannabis Businesses: FinCEN Guidance, Due Diligence Policies and Procedures and Risk Management” has been approved for 1 CAMS credit. Credits are redeemable for Live attendance only. Users must connect to the streaming individually and enter their name and email for reporting purposes. Accreditation is valid for one year from the date of the event. To receive a certificate, email Streaming@OnCourseLearning.com.

Program Highlights

  • Differentiate hemp-related, marijuana-related, and CBD businesses hemp
  • Distinguish FinCEN’s recent guidance for conducting due diligence on hemp-related businesses and FinCEN’s MRB guidance
  • Ask the “right” questions at account opening to avoid “discovering” a cannabis business long after the fact
  • Update your compliance program, including risk assessment, monitoring, and training
  • Discuss legislation on the horizon regarding banking marijuana-related businesses
  • Use provided tools to establish your initial and ongoing due diligence for these accountholders

Who Should Attend?

This informative session will benefit loan officers, branch managers, operations personnel, BSA officers, and compliance officers.

Continuing Education (CE) Credits

This webinar is recommended for 2.5 CE Credit Hours. Each attendee will receive a Certificate of Attendance for self-reporting of CE Credits.

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Instructor

Dawn Kincaid
Dawn Kincaid

Dawn Kincaid began her banking career while attending The Ohio State University. She has 19 years’ experience in client service, operations, information technology, administrative and board relation... read more.

Course TitleCreditsStart DateStart TimeDelivery TypeDelivery OptionInstructor / LocationPrice
Banking Cannabis Businesses: FinCEN Guidance, Due Diligence Policies and Procedures and Risk Mgmt0.25 Any AnyWebinarSix Month On-Demand Recording Dawn Kincaid$295.00 Register Now
Banking Cannabis Businesses: FinCEN Guidance, Due Diligence Policies and Procedures and Risk Mgmt0.25 Any AnyWebinarCD-ROM Video Recording Dawn Kincaid$345.00 Register Now
Delivery Options

LIVE WEBINAR:
INCLUDES 7 DAYS OF ONDEMAND PLAYBACK! With this option, you will participate in the webinar (via the internet) as it is being presented. You will login to the webinar on your PC to view the PowerPoint presentation, and you have the option of using your PC speakers or a telephone for the audio. You can type and send your questions to the instructor. Many companies are now running their PC through an LCD projector allowing many employees to participate at the same time. And don’t worry if you miss the webinar, you can still view it for up to seven days after it takes place!

SIX MONTH ONDEMAND VIDEO:
With this option, you will receive an e-mail that contains a link to the PowerPoint slides (to download, print, and copy) as well as a link to the media player where you will view and hear the entire webinar just as it was delivered, featuring the full-color PowerPoint presentation with audio. You can pause, fast-forward and rewind as needed, which makes it an effective training tool. The weblink will be available to you (and anyone else in the company) for up to six months and can be accessed 24/7 as many times as you wish. Delivered via e-mail the day after the webinar takes place.

CD-ROM VIDEO:
If you do not have internet access or want to make the webinar part of your training library, the CD-ROM Recording is a great option for viewing a webinar. You can pause, fast-forward and rewind as needed, which makes it an effective training tool. With this option, you will receive a download of the PowerPoint slides and a CD-ROM Recording (featuring PowerPoint presentation with audio) of the webinar via regular mail. Mailed 7 to 10 days after the webinar takes place.

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