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

Steven Kemmerling
  • Steven Kemmerling

  • CEO & Founder
  • CRB Monitor

Speakers

  • Zane Gilmer

  • Partner
  • Stinson Leonard Street


  • Michael O’Neill

  • BSA Officer
  • Safe Harbor Private Banking

Bio

Michael O’Neill is a Bank Operations & Compliance Executive with 20 years of experience with specialization in financial services and regulatory compliance for community financial intuitions. Over the last two decades, Michael has acquired a 360-degree view of the banking industry having served multiple financial institutions and technology companies as an Executive, Bank Secrecy Act/ Compliance Officer, Auditor, Consultant and Federal Regulator inclusive of designing, deploying and administering Marijuana-Related Business banking programs. In addition, he has overseen operational, lending, compliance and Bank Secrecy Act programs at organizations both large and small and has first-hand experience in evaluating programs from the regulatory agency perspective.

Currently, Michael is the Bank Secrecy Act Officer for Safe Harbor Private Banking and oversees the bank Secrecy Act/Anti-Money Laundering Compliance Program for the country’s largest Cannabis Banking Program. He is responsible for developing, implementing, administering, and maintaining all aspects of the anti-money laundering compliance program to ensure all related parties’ compliance efforts are maintained at the highest level on a daily basis. In this position he ensures all account activities, transactions and ongoing monitoring activities are conducted in strict accordance with applicable laws, regulations, directives, and internal policies/procedures which govern Safe Harbor Private Banking’s Cannabis Banking Program.

Michael received his B.S.B.A. in finance with a minor in Banking and Financial Services from the University of Wyoming and his M.B.A. from the University of Denver. He is a decorated United States Navy Veteran and served honorably for almost a decade; inclusive of multiple combat tours of duty in the Middle East and Africa.


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.