Adapting to the Rapidly Changing Compliance Landscape Involving Marijuana and Marijuana-Related Businesses

  • When: November 13, 2019
  • Time: 12PM – 2PM ET
  • Level: Intermediate to Advanced

The legal status of marijuana, including federal prohibitions and the permissiveness of state, local and non-US laws, as well as new technological approaches to marijuana-related businesses (MRBs) have created compliance conflicts for financial institutions both large and small. This fast-paced deep-dive webinar will provide practical guidance on how to adapt to rapidly evolving marijuana-related compliance issues facing anti-financial crime professionals today, including recent legal developments and the implications of global cross-border transactions related to the movement of funds associated with marijuana sales.

Learning Objectives

  • Reviewing the latest laws and regulations related to legalized marijuana, cannabinoid products and industrial hemp, including the 2018 Farm Bill
  • Formalizing periodic reviews of current policies, procedures, risk assessment, suspicious activity monitoring programs, CDD/EDD and High-Risk Customer programs to effectively manage the risks of the marijuana industry
  • Understanding what marijuana legalization means for global cross-border transactions related to the movement of funds associated with marijuana sales

Who Should Attend

  • Compliance Officers
  • Risk Managers
  • On-boarding Managers
  • MSB Managers
  • Relationship Managers

Region/Industry

  • Global
  • North America
  • Banking
  • MSB
  • Legal

Pricing

ACAMS Members Non-Members
$245 $445
Register Now Join ACAMS

Moderator

Lauren Kohr
  • Lauren Kohr, CAMS-FCI

  • SVP, Chief Risk Officer
  • Old Dominion National Bank

Bio

Ms. Kohr’ s background includes more than eleven years of experience in the financial sector with significant experience in BSA/AML and OFAC compliance. Currently, Ms. Kohr serves as the Senior Manager over AML/BSA governance and policy within the Financial Intelligence Unit at Pentagon Federal Credit Union in Alexandria, VA. Ms. Kohr is responsible for several aspects of the BSA Compliance program including risk assessments, policy/procedures, AML/BSA governance, quality assurance, and merger and acquisition due diligence. Prior to her current role, she was the VP/Director of AML/BSA/OFAC at Metro Bank. During this time, she was responsible for developing, implementing and overseeing all aspects of the Bank Secrecy Act Compliance Program, including USA Patriot Act, Anti-Money Laundering, and OFAC regulations. Ms. Kohr is continuously recognized as a technical expert on the Bank Secrecy Act and a financial crimes subject matter expert with particular strengths in BSA/AML compliance and program management, governance, process improvement/ implementation and quality assurance/audit reviews.

Ms. Kohr was the 2016 ACAMS AML Professional of the year and authored the 2016 ACAMS Article of the Year. Ms. Kohr is a frequent guest speaker at numerous conferences both domestically and internationally on AML/BSA/OFAC related topics. She serves on the ACAMS U.S. Capital Board of Directors and was previously the president of the Central PA BS/AML/CTF user Group and PBA Marijuana Legalization Implementation Task Force in Harrisburg, PA. She is currently CAMS-FCI certified.

Speakers

  • Zane Gilmer

  • Partner
  • Stinson Leonard Street


  • Michael O’Neill

  • BSA Officer
  • Safe Harbor Private Banking


Daniel Stipano
  • Dan Stipano

  • Partner
  • Buckley Sandler LLP

Bio

Dan Stipano brings more than three decades of bank regulatory and enforcement experience to his position as a partner in BuckleySandler LLP’s Washington DC office. In his practice he advises on all aspects of bank regulatory and compliance issues, represents clients in state, federal, and foreign banking enforcement actions, and provides assistance in establishing, maintaining, and monitoring Bank Secrecy Act and Anti-Money Laundering (BSA/AML) compliance programs.