Education & Events

Banking Marijuana-Related Businesses

Date: 
Mar 21, 2019
Program Overview: 

Thursday, March 21, 2019, 3:00 - 4:30 pm

Approximately thirty-three states and the District of Columbia have legalized marijuana in some form.  This new industry has provided opportunities to entrepreneurs, and these new businesses need banking services.  But with marijuana use and sale still illegal at the federal level and the repeal of the Cole Memo, your institution may be hesitant to serve marijuana-related businesses (MRBs).  This webinar will dive into marijuana-related regulations and review FinCEN guidance to help you establish due diligence policies/procedures and develop MRB monitoring strategies to ensure compliance.

Topics: 
  • Understanding the types of MRBs
  • FinCEN guidance and how to incorporate it into your process
  • Risk rating MRBs based on tiers of business activity
  • Suspicious activity reporting requirements for MRBs
  • Initial and ongoing due diligence to detect and monitor MRB activity

 

  • TAKE-AWAY TOOLKIT
    • Sample BSA policy language
    • Red flags for marijuana-related businesses
    • MRB enhanced due diligence worksheet
    • Employee training log
    • Quiz to measure staff learning and a separate answer key


    Speaker: 

    ABOUT THE PRESENTER – Dawn Kincaid, Brode Consulting Services, Inc.

    Dawn Kincaid began her banking career while attending The Ohio State University.  She has 17 years’ experience in client service, operations, information technology, administrative and board relations, marketing, and compliance.  Most recently Dawn served as the Senior Vice President of Operations for a central-Ohio-based community bank, where she created and refined policies and procedures, conducted self-audits and risk assessments, and organized implementation of new products and services.  Dawn has served in the roles of Compliance, BSA/AML, CRA, Privacy, and Security Officer.  She has led training initiatives, prepared due diligence information, completed a variety of regulatory applications, coordinated internal and external audits and exams, and presented for numerous state associations.

    Agenda: 

    WHO SHOULD ATTEND 

    This valuable session will benefit new accounts personnel, branch managers, operations staff, BSA officers, and compliance officers.

     

     

     

     

     

     

     

     

     

     

     

    Fees: 

    MEMBER

    Live Webinar
        $255.00 Single Location
        $150.00 Each Additional Location

    Recorded Webinar & Free Digital Download
        $255.00

    Premiere Package (Live & Recorded Webinar with Free Digital Download)
        $375.00

    Association Contact: 

    If you have any questions or need additional information, please contact Marcy Borden at 317-387-9380 or mborden@indianabankers.org

    Cancellation Policy: 

    Within three or more business days prior to the day of an educational program, no cancellation charge will be assessed. If your bank is unable to participate after registering, you can select to purchase the on-demand presentation.

    Webinar Options: 

    1.  Live Webinar
    The LIVE WEBINAR option allows you to have one telephone connection for the audio portion and one Internet connection (from a single computer terminal) to view online visuals as the presentation is delivered.  You may have as many people as you like listen from your office speaker phone. Registrants receive a toll-free number & pass code that will allow entrance to the seminar. Seminar materials, including instructions, pin number, and handouts will be emailed to you prior to the broadcast.  You will need the most current version of Adobe Reader available free at www.adobe.com.

    2.  Recorded Webinar & Free Digital Download
    Can’t attend the live webinar?  The recorded webinar & Free Digital web link is a recording of the live event, including audio, visuals, & handouts. We even provide the presenter’s email address so you may ask follow-up questions.  Approximately one week prior to the webinar, you will receive an email with the web link.  This web link can be viewed anytime 24/7, beginning 6 business days after the webinar and will expire 6 months after the live program date.  

    LIMITED AVAILABILITY:  The Recorded Webinar & Free Digital Download web link may ONLY be ordered for 6 months following the webinar.

    3.  Both Live Webinar & Recorded Webinar & Free Digital Download
    Includes options 1 and 2 above

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