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Banking Cannabis - 2 Part Series

During this two-part webinar we will lay a good foundation with Part 1. You will learn how to look at risk, develop policy and procedures for opening accounts, and managing the big picture. In Part 2, we will take a deeper dive into the day-to-day mechanics of running a cannabis program.

Upcoming
March 11, 2025
March 13, 2025
Presented by Deborah Crawford
$549.00 or 2 Tokens

Includes: Live Access, 30 Days OnDemand Playback, Presenter Materials and Handouts

  • BSA
  • Deposit Compliance
  • Lending Compliance
  • Bank Secrecy Act Officer/BSA Specialist
  • Compliance Officer
  • Customer Service Representative
  • Deposit Operations Manager/Specialist
  • Loan Closer
  • Loan Operations Manager/Specialist
  • New Accounts Representative
  • Security Officer
  • Training Manager
  • Trainer

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Series Details

Banking Cannabis Part 1: Onboarding and KYC

During this program, we will lay a good foundation for building your program on marijuana and hemp.

  • 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

Now that the cannabis customer is onboarded, learn how the money will move.

  • 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

What You'll Learn

Each webinar will offer best practices and techniques you can implement in your organization.

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.

Deborah Crawford

Instructor Bio

Deborah Crawford is the President of Gettechnical Inc., a Florida based training company. She specializes in the deposit side of the financial institution and is an instructor on IRAs, BSA, Deposit Regulations and opening account procedures. She was formerly with Hibernia National Bank (now Capital One) and has bachelor's and master's degrees from Louisiana State University. She has 35+ years of combined teaching and banking experience.

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