Skip to main content
Board of Directors and Advisors
Financial Institution Membership
Associate Member Directory
2020 Electronic Payments Conference
2020 CAPS Exercise
Our Educational Opportunities
Educational Package Plans
Center For Payments
761 - Remaining Compliant as Banking Cannabis Heats Up
Session Time: 12:30 PM - 2:00 PM -- Nacha Sponsored Webinar - As the revenue of cannabis-related businesses continues to grow, so do the risks associated with inconsistent regulatory guidance. Marijuana remains illegal at the federal level. However, in this $8 billion dollar industry financial institutions of all sizes now offer financial services to marijuana-related businesses. Therein lie the risks. Know your customer (KYC) is important for any type of banking. In an industry still mostly regulated by individual states and getting more complex, it is crucial for FIs to KYC to manage and mitigate financial and regulatory risks. Join this webinar and learn the ins and outs of providing financial services to the cannabis industry, how financial regulators and law enforcement have approached this issue, and lessons learned from those on the frontlines of the legalized cannabis industry.
Eligible participants may earn 1.8 AAP/APRP continuing education credits.
3/24/2020 12:30 PM - 2:00 PM
Create a new account