Webinar: Marijuana Update: On-Boarding, Payments, Monitoring & Schedule III Change Implications
January 22, 2025 3:00 pm - 4:30 pm
Just when you thought you had marijuana banking down, along comes a proposed change from a Schedule I to a Schedule III drug.
What are the implications? How will risk rating change? Have you developed new procedures? How will SARs be affected? How will regulatory scrutiny differ? Join this timely webinar and learn how to develop a top-to-bottom approach to this industry, including policy, procedures, and controls.
AFTER THIS WEBINAR YOU’LL BE ABLE TO:
- Identify high-, medium-, and low-risk marijuana businesses
- Develop a new account interview
- Understand what will and will not change if Schedule III changes happen
- Identify the challenging payment systems with this primarily cash business
- Monitor and report SARs on marijuana
WEBINAR DETAILS
This program will present a comprehensive, top-to-bottom approach to marijuana banking. You’ll learn how to use your state statutes to help develop documentation, licenses to be acquired and renewed, definitions, and policy. It will address how to develop checklists and file SARs as required for marijuana-related businesses and explain why you should separate out your procedures for hemp-related businesses. Learn who and what will be affected by marijuana rescheduling. This ever-evolving business still has its challenges, and those who handle these accounts have to be prepared for regulatory scrutiny.
WHO SHOULD ATTEND?
This informative session is designed for BSA officers, branch administration, branch operations staff, compliance professionals, management, and trainers.
TAKE-AWAY TOOLKIT
- New account questionnaire and on-boarding checklist
- Employee training log
- Interactive quiz
- PDF of slides and speaker’s contact info for follow-up questions
- Attendance certificate provided to self-report CE credits
Speaker: Deborah L. Crawford, GetTechnical Inc.
Deborah Crawford is the President of Gettechnical Inc., a Florida-based firm specializing in the education of financial institutions across the nation. Her 30+ years of experience began at Hibernia National Bank in New Orleans. She graduated from Louisiana State University with both her bachelor’s and master’s degrees. Debbie specializes in the education of financial institution employees and officers in the areas of deposit account laws, new account documentation, insurance, complex compliance regulations, and IRAs.