Understanding Marijuana Business
Compliance for the Board
(90-minute webinar – recording also available)
Monday, March 9, 2020
12:00 PM Pacific 1:00 PM Mountain
2:00 PM Central 3:00 PM Eastern
Are you offering deposit accounts or loans to marijuana- or hemp-related businesses? What does the board need to consider? What are the compliance requirements? Learn the details necessary to make an informed decision with this timely program.
AFTER THIS WEBINAR YOU’LL BE ABLE TO:
- Distinguish between hemp-related, marijuana-related, and CBD businesses
- Understand the requirements of the USDA Interim Final Rule for industrial hemp and FinCEN’s marijuana-related business (MRB) guidance
- Update your compliance program, including risk assessment, monitoring, and training
- Establish an initial and ongoing due diligence process
- Discuss legislation on the horizon for banking marijuana-related businesses
WEBINAR DETAILS
Thirty-three states have now legalized some form of marijuana. In addition, the Hemp Farming Act of 2018 legalized industrial hemp and hemp-derived CBD at the federal level – creating an entirely new industry with accountholders in need of deposit accounts, loans, and other financial products. Will your institution provide services to marijuana-related businesses? Hemp-related businesses? Both?
Many financial institutions are hesitant to serve these businesses due to perceived risks and confusion about marijuana- and hemp-related laws. Where do you start? What are the risks? What initial and ongoing due diligence and reporting will be expected? This session will answer these questions and more.
WHO SHOULD ATTEND?
This informative session is designed for board members, senior management, BSA officers, compliance officers, and internal auditors.
TAKE-AWAY TOOLKIT
- Sample BSA policy language
- Sample BSA risk assessment, incorporating MRBs and HRBs
- Red flags for marijuana-related businesses
- Employee training log
- Interactive quiz
DON’T MISS THESE RELATED WEBINARS!
Lending to Hemp Businesses,
Including Recent USDA Interim Hemp Production Guidance
on Tuesday, January 7, 2020
Banking Cannabis Businesses: Hemp, CBD, THC & More
on Thursday, February 13, 2020
Effective & Compliant Pre-Employment Background Checks
on Tuesday, August 18, 2020
 MEET THE PRESENTER
Dawn Kincaid, Brode Consulting Services, Inc.
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 relations, marketing, and compliance. Most recently Dawn served as the Senior Vice President of Operations for a central-Ohio-based community bank, where she created and refined policies and procedures, conducted self-audits and risk assessments, and organized implementation of new products and services. Dawn has served in the roles of Compliance, BSA/AML, CRA, Privacy, and Security Officer. She has led training initiatives, prepared due diligence information, completed a variety of regulatory applications, coordinated internal and external audits and exams, and presented for numerous state associations.
Please note: The live webinar option allows you to have one internet connection (from a single computer terminal). You may have as many people as you like listen and watch from your office computer.
THREE REGISTRATION OPTIONS
Note: All materials are subject to copyright. Transmission, retransmission, or republishing this webinar to other institutions or those not employed by your financial institution is prohibited. Print materials may be copied for eligible participants only.
- LIVE WEBINAR
The live webinar option allows you to have one internet connection from a single computer terminal. You may have as many people as you like listen and watch from your office computer. Registrants receive a website address and passcode that allows entrance to the seminar. The session will be approximately 90 minutes, including question and answer sessions. Seminar materials, including instructions, passcode, and handouts will be emailed prior to the broadcast. You will need the most current version of Adobe Reader available free at www.adobe.com.
- RECORDED WEBINAR + FREE DIGITAL DOWNLOAD
Can’t attend the live webinar? This option provides a recording of the live event, including audio, visuals, and handouts. We even provide the presenter’s email address for follow-up questions. You will receive an email with the recorded webinar link, which can be viewed anytime 24/7, beginning 6 business days after the webinar. You will also receive instruction on how to download a free digital copy of the webinar to your PC, which you may keep and use indefinitely.
The recorded webinar may ONLY be ordered for 6 months following the live webinar. In addition, the download must be completed within 6 months of the live webinar date.
- BOTH LIVE WEBINAR & RECORDED WEBINAR + FREE DIGITAL DOWNLOAD
Options 1 and 2 described above.
AFFORDABLE, PROFESSIONAL TRAINING, WHEN AND WHERE YOU CHOOSE
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