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Banking Cannabis – 2 Part Webinar

March 11, 2025 1:30 pm - 3:00 pm
March 13, 2025 1:30 pm - 3:00 pm
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Banking Cannabis Part 1: Onboarding and KYC
March 11, 2025 | 1:30 pm – 3:00 pm CDT
During this program, we will lay a good foundation for building your program on marijuana and hemp.

What You’ll Learn

  • A look at the federal picture on hemp, marijuana, and CBD oil
  • Risk assessments for your new customer base
  • Developing a new account policy and procedures for cannabis
  • Questions in the new account interview
  • CIP, CDD, and state law issues
  • Separate hemp/CBD from hemp, and marijuana/CBD from marijuana

Banking Cannabis Part 2: Payments, Vendors and Monitoring
March 13, 2025 | 1:30 pm – 3:00 pm CDT
Now that the cannabis customer is onboarded, learn how the money will move.

What You’ll Learn

  • Filing of SARs and special issues
  • Closing of accounts
  • Payment mechanisms: ATMs, cashless ATMs, mobile apps, closed-loop debit cards
  • Cash: Handling and movement of cash
  • Monitoring accounts for shrinkage and theft
  • Third-party vendor vetting and relationships

Who Should Attend
This session is ideal for AML/CFT/BSA officers and staff, security, deposit operations, deposit and loan compliance, and new account representatives.