Deposit Account Series:
Banking Cannabis Businesses:
Hemp, CBD, THC & More
(90-minute webinar – recording also available)
Thursday, February 13, 2020
12:00 PM Pacific 1:00 PM Mountain
2:00 PM Central 3:00 PM Eastern
Do you understand the operational challenges and SARs required when providing deposit accounts to cannabis-related businesses?
AFTER THIS WEBINAR YOU’LL BE ABLE TO:
- Define and distinguish cannabis, CBD, THC, hemp, and marijuana
- Plan for major operational challenges when providing deposit accounts to cannabis-related businesses
- Outline compliance requirements for cannabis-related deposit accounts
- Identify red flags for cannabis-related deposit account activity
- Explain the three kinds of SARs that need to be filed on marijuana-related businesses
- Differentiate levels of risk for cannabis-related businesses
More than 30 states have legalized some form of cannabis, whether hemp, marijuana, or CBD. Companies that are directly and indirectly involved in the cannabis business continue to seek viable financial services and relationships. However, many struggle to gain consistent access to financial institutions due to a lack of guidance on accepting and monitoring such relationships. At the same time, financial institutions are eager to get consistent regulatory guidance, so they can provide the services requested. This webinar will focus on how financial institutions are currently accepting deposits, lending money, and providing other financial services to cannabis businesses and their service providers – despite the lack of guidance or comprehensive comfort under federal law.
WHO SHOULD ATTEND?
This informative session will benefit senior management, operations staff, and compliance personnel at financial institutions that open or may open deposit accounts for cannabis-related businesses.
- Sample policies
- Account opening checklists
- Reference materials
- Employee training log
- Interactive quiz
DON’T MISS THIS RELATED WEBINAR!
Lending to Hemp Businesses,
Including Recent USDA Interim Hemp Production Guidance
on Tuesday, January 7, 2020
MEET THE PRESENTER
Joseph E. Silvia, Howard & Howard Attorneys PLLC
Joe Silvia is an attorney in the Chicago office of Howard & Howard Attorneys. His practice concentrates on the financial industry, including mergers, acquisitions, strategic transactions, general corporate matters, private equity, financial technology, and banking and consumer finance regulations. Joe advises clients and writes and speaks to industry groups on topics related to the corporate activities and supervision of financial institutions, including state and federal regulations regarding retail banking, third-party risk management, anti-money laundering, OFAC compliance, payments, blockchain, and digital currencies. Joe previously served as counsel to the Federal Reserve Bank of Chicago and is currently an Adjunct Professor of Law at Chicago-Kent College of Law where he teaches consumer banking law.
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