BSA Series: Opening Accounts for Marijuana Related Businesses

If you are reviewing the current situation with marijuana related businesses, then this program is a must for you. We will review both state and federal issues that are involved in banking a marijuana related business. You will learn how to develop policy, procedure and questionnaires to bank or not to bank a marijuana business. This is a structural program which will help you put up the structure of your program either way.

Covered Topics:

    • Federal Issues with Marijuana Related Businesses
    • What is a marijuana related business?
    • What kind of CIP and CDD will be required?
    • SAR filings, closing accounts and monitoring
    • State laws and licensing information
    • Business models and analysis of marijuana businesses
    • Keeping marijuana related businesses out of the bank - do we have a choice?
    • Developing policy, procedures and processes for different types of marijuana businesses
    • Questionnaires and scripts for marijuana related businesses

    Who Should Attend?

    BSA Officers, BSA Support personnel, Deposit Operations, Compliance Officers and Training.