BSA/AML: Marijuana & Hemp

Banking marijuana-related and/or hemp-related businesses is becoming more and more commonplace. Avoid getting into hot water with examiners by ensuring you are up to speed on all the BSA/AML considerations and implications.

Recorded Tuesday,
November 21st, 2023
Presented by Kevin Edwards
2h total length
2.5 CRCM Credits
$279.00 or 1 Token

Includes: 30 Days OnDemand Playback, Presenter Materials and Handouts

  • BSA
  • Commercial/Business Lending
  • Compliance
  • Deposit Accounts
  • Deposit Compliance
  • General Compliance
  • Lending Compliance
  • Mortgage Lending
  • Risk Management/Legal
  • Bank Secrecy Act Officer/BSA Specialist
  • Compliance Officer
  • Deposit Operations Manager/Specialist
  • Internal Auditor
  • Risk Manager
  • Senior Management

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Banking marijuana-related businesses is complicated. In the eyes of the Federal Government, marijuana is still an illegal substance; however, it’s legalization by individual states whether for medical or recreational complicates this issue even further. Staying on top of the BSA/AML implications and understanding the potential risks and red flags is imperative to keep your examiners at bay.

What You'll Learn

  • Guidance From FinCEN on Banking Cannabis-Related Customers
  • Hemp, CBD, and Marijuana… Know the Difference
  • The Industry Is Growing! What Should You Do?
  • Enhanced Customer Due Diligence Expectations
  • How To Appropriately Address Cannabis in YOUR BSA Program
  • What Should You Be Doing Differently Before Your Next Examination?
  • Your Questions, Plain English Answers & Much More!

Who Should Attend

This webinar is designed for BSA/AML officers, teams, management, compliance officers, auditors, and other risk management personnel.

Kevin Edwards

Instructor Bio

Kevin brings years of experience and a unique perspective on regulatory matters to his clients. A self-proclaimed geek and accredited CRCM, Kevin is also a former attorney with experience as in-house counsel for a large regional bank and one of the leading national title insurance providers. Kevin decided to leave the safety and serenity of his desk job to seek fortune and glory as a wandering adventurer. He now travels the land seeking to help those in need and righting compliance wrongs, wherever he may find them.

Continuing Education Credit Information

BSA/AML: Marijuana & Hemp has been approved for 2.5 CRCM credits. This statement is not an endorsement of this program or its sponsor. Credits are redeemable for both Live and OnDemand viewing. For questions on certificates, please email support@oncourselearning.com. Certification holders must report these credits at https://aba.csod.com.