Event: WebinarBanking Cannabis-Related BusinessesMay 22 at 12:30 PM - 01:30 PM ESTThe 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... |
BlogAML Trends and Technology 2022January 27, 2023 by Bill Heys |
Archived WebinarBanking Cannabis-Related Businesses: Marijuana, Hemp and CBDOriginally Presented: June 30, 2022 The burgeoning U.S. cannabis industry is subject to a complex regulatory compliance landscape, with laws differing from coast to coast, at state and federal levels,... |
BlogImpact of COVID-19 Crisis on Financial Crime Management ProgramsApril 6, 2020 by Verafin As COVID-19 continues to impact financial systems around the globe, early reports are emerging on how the pandemic is affecting financial crime management programs. Financial institutions should have processes in place to minimize the impact of a pandemic and ensure... |
Archived WebinarHow do you find your high-risk customers?Originally Presented: July 31, 2019 Financial institutions invest significant time and resources into identifying customers in high-risk categories, such as Private ATM Owners, Money Service Businesses (MSBs), Marijuana-Related Businesses (MRBs),... |
Case StudySwitching to Stay CompliantCity Bank • Location: Lubbock, TX Assets: $3.7B • Core Banking System: Jack Henry – Silverlake System “When we moved over to Verafin, it made... |
Archived WebinarBanking Marijuana Related BusinessesOriginally Presented: March 14, 2019 As the cannabis industry continues to grow in the US, financial institutions are facing increased regulatory uncertainty and due diligence challenges for banking marijuana-related businesses... |
BlogFinCEN and Federal Banking Agencies Encourage Banks to InnovateDecember 4, 2018 by Verafin A joint statement released on Dec. 3, 2018, by the Financial Crimes Enforcement Network (FinCEN) and its regulatory partners — the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, the National Credit Union Administration, and... |
BlogFinding Renewed Purpose in the Bank Secrecy ActNovember 7, 2018 by Jim Richards From its birth on October 26, 1970 as the Foreign Bank Secrecy Act of 1970, through make-overs in 1986 (criminalizing money laundering and structuring), 1990 (establishing FinCEN), 1992 (introducing Suspicious Activity Reports), and 2001 (the biggest make-over with the USA... |
Archived WebinarNew FFIEC Exam Procedures for Customer Due DiligenceOriginally Presented: June 26, 2018 On May 11, 2018, the FFIEC released new Customer Due Diligence Examination procedures that reflect and codify the requirements of FinCEN’s final CDD rule. These... |
