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Banking Cannabis-Related Businesses
ABOUT THE EVENT
Your challenges are different.
Regulatory expectations for casino’s AML programs have pivoted. Casinos now must not only achieve technical compliance with increasing regulations but are also expected to effectively mitigate risk. And do it all without negatively impacting patron experience.
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, and varying between cannabis-related businesses, CBD-related businesses, and hemp-related businesses. As profits flourish, financial institutions are facing significant regulatory uncertainty regarding the risks and rewards of banking cannabis-related businesses.
Join Corey Lynch, Product Expert at Verafin, for an engaging, educational webinar discussing the intricacies of banking cannabis-related businesses. From informative industry perspectives to the SAFE Banking Act of 2021, stay informed of the importance of effective procedures for segmenting and periodically reviewing cannabis-related businesses with a risk-based approach that aligns with your institution’s risk appetite.
Highlights from this educational webinar include:
- Exploring the background of the cannabis industry, how derisking impacts the U.S. financial system, and the potential BSA/AML risks of this high-risk customer category.
- Reviewing recent industry guidance and compliance obligations surrounding cannabis-related businesses.
- Discussing the challenges of customer due diligence for high-risk customers, including segmentation, risk assessment and scoring, monitoring, and managing risk reviews for cannabis-related businesses.
- Understanding the role of data and technology to improve customer due diligence, risk management and compliance processes for cannabis-related businesses.
Free