Cannabis Banking: Fine-Tuning Your Risk Assessment

Legal & Regulatory Compliance

Today, some form of medical or recreational marijuana is legal in 35 states, and the U.S. legal market is projected to be worth upward of $33 billion by 2025. As the pandemic continues to put pressure on bank earnings, cannabis businesses can be a valuable source of non-interest income in the current environment – and low-cost deposits when the economy rebounds.

This webinar, led by Tony Repanich, Chief Operating Officer of Shield Compliance, will focus on how banks can assess and manage cannabis banking risk. Tony will be joined by cannabis banking experts Deirdra O’Gorman, CEO of DX Consulting, Dante Tosetti, Special Adviser for West Coast AML Services, and Ruth Razook, founder of RLR Management Consulting.

While a few pioneering bankers have embraced the fast-growing cannabis industry, now is the time for Western bankers to deepen their knowledge of this opportunity, grow their portfolios, and gain an early mover advantage on new relationships.

Who Should Attend: CEO, COO, Chief Banking Officer, Compliance Professionals, Board Members, Risk Professionals, BSA/AML Officer

Learning Objectives

  • Achieve a deeper understanding of the market opportunity for banking marijuana-related businesses.
  • Deepen knowledge about state cannabis laws, FinCEN guidelines, compliance and regulatory requirements, and risk management.
  • Understand how data and technology can improve compliance and operational outcomes.

Speakers

Tony Repanich
President and Chief Operating Officer
Shield Compliance

As president and chief operating officer of Shield Compliance, Tony leads day-to-day operations and is the company’s principal product architect. Having served as a senior executive at a Washington State-based community bank for over 20 years, Tony has in-depth knowledge of the banking industry and the regulatory and compliance requirements for high-risk industries. Today he brings that knowledge to financial institutions serving and considering serving the legal cannabis industry.

Dante Tosetti
Special Adviser
West Coast AML Services

Dante Tosetti is a regulatory compliance and risk management executive with over 20 years of risk management experience within private equity, the Federal Reserve, and commercial banking. Dante offers a practical approach to marijuana banking that is balanced with regulatory expectations. Formerly a commissioned Bank Examiner with the Federal Reserve Bank of San Francisco, Dante is proficient in evaluating asset quality, financial condition and financial trends, and risk management practices of state member banks, bank holding companies, and foreign banking organizations.

Ruth Razook
Founder
RLR Management Consulting

Ruth L. Razook founded RLR in 1988 to serve community banks primarily in the Southern California region. RLR is now a nationwide consulting firm focused on providing high quality consulting assistance to financial institutions in corporate strategy, organizational analysis, operations and project management, information technology, and payments.

Deirdra O’Gorman
CEO
DX Consulting and Empyreal Logistics

Deirdra O’Gorman has 25 years of experience as a senior financial services executive and is an expert on banking and compliance for highly regulated industries. She has held numerous leadership positions, including CEO of a de novo financial institution and Market President for a nationally chartered bank with $17 billion in assets. With her extensive banking experience, Deirdra founded DX Consulting in 2014 and Empyreal Logistics in 2018, where she works with financial institutions across the country.

Webinar Fees

Pricing For Price Web Pass
Bank Member $195 $0
Bank Nonmember $395 $0
Affiliate Member $195 $0
Affiliate Nonmember $395 $0

Season Pass Members receive 4 individual logins to every webinar

Additional Info

Participants will earn 1.0 CPE credit

Field of Study: Specialized Knowledge

Prerequisites: Knowledge of the Full Credit Bill Rule

Advanced Preparation: None

Program Level: Intermediate

Delivery Method: Group Internet Based

Refunds and Cancellations: Webinar registrations are non-refundable. If the registrant is unable to attend the designated time and date of the webinar, a playback link and any written materials will be provided within 2 business days following the conclusion of the webinar

Western Bankers Association is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website:www.nasbaregistry.org.

Register

Click here to register online