Banking Cannabis Part 1: Onboarding and KYC
During this program, we will lay a good foundation for building your program on marijuana and hemp.
What You'll Learn
- A look at the federal picture on hemp, marijuana, and CBD oil
- Risk assessments for your new customer base
- Developing a new account policy and procedures for cannabis
- Questions in the new account interview
- CIP, CDD, and state law issues
- Separate hemp/CBD from hemp, and marijuana/CBD from marijuana
Banking Cannabis Part 2: Payments, Vendors and Monitoring
Now that the cannabis customer is onboarded, learn how the money will move.
What You'll Learn
- Filing of SARs and special issues
- Closing of accounts
- Payment mechanisms: ATMs, cashless ATMs, mobile apps, closed-loop debit cards
- Cash: Handling and movement of cash
- Monitoring accounts for shrinkage and theft
- Third-party vendor vetting and relationships
What You'll Learn
Each webinar will offer best practices and techniques you can implement in your organization.
