March 24, 2020
Remaining Compliant as Banking Cannabis Heats Up
Webinar Hosted by Nacha
March 24, 2020
6:30-8:00 AM HST
$199 Member/$398 Non-Member
As the revenue of cannabis-related businesses continues to grow, so do the risks associated with inconsistent regulatory guidance. Marijuana remains illegal at the federal level. However, in this $8 billion dollar industry financial institutions of all sizes now offer financial services to marijuana-related businesses. Therein lie the risks.
Know your customer (KYC) is important for any type of banking. In an industry still mostly regulated by individual states and getting more complex, it is crucial for FIs to KYC to manage and mitigate financial and regulatory risks.
Join this webinar and learn the ins and outs of providing financial services to the cannabis industry, how financial regulators and law enforcement have approached this issue, and lessons learned from those on the frontlines of the legalized cannabis industry.
Gain Insight & Understanding
On this webinar, you will learn about:
- Assessing and addressing risks as the industry continues growing
- What is happening at a federal level, especially given that it’s an election year
- Practical compliance tips
- Insurance and individual liability
Attorney, Gleam Law
Partner, Kelley Drye & Warren LLP
Jim Petkovits, AAP, APRP, NCP
VP, Education & Training, WesPay
Moderator: William D. Sullivan
Senior Director & Group Manager, Government & Industry Relations, Nacha