May 22 at 12:30 PM - 01:30 PM EST

Banking Cannabis-Related Businesses

Marijuana, Hemp and CBD

The U.S. cannabis industry is subject to a complex regulatory compliance landscape, with laws differing from coast to coast, at state and federal levels, and varying between cannabis-related businesses, CBD-related businesses, and hemp-related businesses. As profits flourish, financial institutions are facing significant regulatory uncertainty regarding the risks and rewards of banking cannabis-related businesses.

Join Corey Lynch, our Enterprise Product Expert at Verafin, for a replay where he discusses the intricacies of banking cannabis-related businesses and what it means for financial institutions.

Highlights from this educational webinar include:

  • Exploring how derisking impacts the U.S. financial system, and the potential BSA/AML risks of this high-risk customer category.
  • Reviewing recent industry guidance and compliance obligations surrounding cannabis-related businesses.
  • Discussing the challenges of customer due diligence for high-risk customers, including segmentation, risk assessment and scoring, monitoring, and managing risk reviews for cannabis-related businesses.
  • Understanding the role of data and technology to improve customer due diligence, risk management and compliance processes for cannabis-related businesses.

Tagged as...

  •   BSA/AML Compliance
  •   CDD/EDD
  •   Examination
  •   High-Risk Customer Management
  •   SARs