Stirring the Pot: Adjusting AML Programs to Manage Marijuana-Related Risks

Sponsored by

RDC
  • When: June 12, 2019
  • Time: 12PM – 2PM ET
  • Level: Intermediate to Advanced

In today’s evolving regulatory landscape, the rules on banking marijuana are complex at best. With conflicting state laws and federal policies, along with the rise of legalized marijuana in other countries, this is one of the most challenging subjects facing compliance professionals today. Meanwhile, the number of institutions banking marijuana-related businesses (MRBs) is in the hundreds—up from zero in 2014. Join this panel of professionals for practical guidance on one of compliance’s most perplexing and rapidly evolving issues.

Learning Objectives

  • Analyzing regulatory requirements on marijuana related businesses, including FinCEN’s guidance on due diligence for MRB accounts and ensuring compliance
  • Updating your institution’s onboarding, KYC and auditing systems in order to effectively spot and investigate red flags indicating potential non-compliance
  • Creating an adaptable risk model that will allow your institution to safely bank MRB accounts should regulatory changes occur

Who Should Attend

  • BSA/AML Officers
  • Examiners
  • Legal Advisors
  • Risk Management Managers

Region/Industry

  • North America
  • Banking
  • Marijuana-Related Businesses
  • Regulatory Agencies

Pricing

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

Moderator

Brion Nazzaro
  • Brion Nazzaro, CAMS

  • Group Compliance Director
  • WorldRemit Corp

Speakers

Philip Martin
  • Philip Martin, CAMS

  • Head of Compliance
  • Titan Vault


Cathy Scharf
  • Cathy Scharf, CAMS

  • SVP BSA Officer
  • NBH Bank, Colorado

Micah Schwalb
  • Micah Schwalb

  • Founding Partner
  • Roenbaugh Schwalb