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AICPA Conference on Credit Unions 2020

CU2020 - Cannabis Banking - Key Considerations

Oct 21, 2020 11:55am ‐ Oct 21, 2020 1:10pm

Standard: $49.00


Cannabis Banking requires a great deal of preparation ranging from third party support to regulator acceptance.    This session will walk attendees through project preparation and a series of key considerations  to implement a safe and sound cannabis banking program.   The presenter, who developed the Safe Harbor Private Banking program in 2015, will base her information on 6 years of experience and 15 federal and state examinations that scrutinized the safety and soundness of BSA processes associated with cannabis banking.  Likewise, the session will provide insight for clients that are seeking to bank within a compliant cannabis banking program and what differences they could expect.   It's not easy, but it is possible! 

Learning Objectives:
  • What it takes to implement a cannabis banking program.
  • What third parties should understand before affiliating with a cannabis banking program.
  • How one credit union came to bank in excess of $3 Billion of cannabis related funds in one year.


Category: Concurrent Session (Online)

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