Error loading player: No playable sources found

CU2020

Cannabis Banking - Key Considerations

Date
October 21, 2020
$49
Standard Price
This product is also available as part of the following products:
Thumbnail for AICPA Conference on Credit Unions 2020
This includes sessions from the conference: AICPA Conference on Credit Unions 2020

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.

Speaker

Speaker Image for Sundie Seefried
CEO, Safe Harbor Financial

Related Products

Thumbnail for How to Analyze Loan Participation Opportunities in a New Normal
How to Analyze Loan Participation Opportunities in a New Normal
The economic uncertainty ushered in by the COVID-19 pandemic presents new challenges for credit unions, particularly as many prepare for potential impacts to bottom-line performance in 2021…
Thumbnail for Member Business Lending
Member Business Lending
After many years of “quiet times” in the commercial loan area, this year presents many challenges for Credit Unions as well as auditors entering the fourth quarter of 2020…
Thumbnail for Hot Topics in Regulatory Compliance
Hot Topics in Regulatory Compliance
Regulatory compliance risk is increasing due to a myriad of factors, some obvious and others not so. We also see a concerted push for more intense compliance exams.  During this session, we explore what credit unions must understand and do in order to thrive in this environment…
Thumbnail for Mortgage Banking (Know When to Hold'em, Fold'em, Hedge'em)
Mortgage Banking (Know When to Hold'em, Fold'em, Hedge'em)
This session is intended to provide attendees with an overview of the current mortgage banking environment, discuss strategies companies are employing to navigate the current mortgage market, and offer the latest updates on relevant accounting and reporting requirements…

This site uses cookies to store information on your computer. Some are essential to make our site work, others help us improve, the user experience. By using the site, you consent to the placement of these cookies. Visit our Privacy Center to learn more.