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Wisconsin Credit Union Foundation

Banking Marijuana-Related Businesses

This webinar will dive into marijuana-related regulations and review FinCEN guidance to help you establish due diligence policies/procedures and develop MRB monitoring strategies to ensure compliance.

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Type of Event
On Demand Webinar

Who Should Attend
  • On Demand
  • Webinars
  • Operations
  • Member Services
  • Industrial Hemp and CBD products in Wisconsin
  • Front Line
  • Compliance

Purchase

Description

Approximately thirty-three states and the District of Columbia have legalized marijuana in some form. This new industry has provided opportunities to entrepreneurs, and these new businesses need banking services. But with marijuana use and sale still illegal at the federal level and the repeal of the Cole Memo, your institution may be hesitant to serve marijuana-related businesses (MRBs). This webinar will dive into marijuana-related regulations and review FinCEN guidance to help you establish due diligence policies/procedures and develop MRB monitoring strategies to ensure compliance.

Learning Objectives

  • Understanding the types of MRBs
  • FinCEN guidance and how to incorporate it into your process
  • Risk rating MRBs based on tiers of business activity
  • Suspicious activity reporting requirements for MRBs
  • Initial and ongoing due diligence to detect and monitor MRB activity

Speaker

Dawn Kincaid, Brode Consulting Services, Inc.

Investment

$259.00