Weeding Through the Risks of Banking the Cannabis Industry
The cannabis industry can be hazy for financial professionals when deciphering what is legal at the federal level and what has passed for each state. Is it safe from a regulatory standpoint to provide traditional banking services to cannabis-related businesses? Now that the Farm Bill has passed, is hemp and CBD 100% legal at the federal level? In this webinar, learn the differences in each aspect of the cannabis business and the risks associated with banking these riskier clients.
Who Should Attend: CEO, COO, Compliance Officer, Risk Officer, BSA/AML Officer, Director
Learning Objectives
- Learn the differences between cannabis, marijuana, hemp, and CBD, and what is legal
- Dive into the risks of providing traditional banking services to cannabis-related businesses
- Uncover the requirements of customer due diligence should a financial institution decide to bank MRBs
Speaker Bio
Terri Luttrell
Compliance & Engagement Director
Abrigo
Terri Luttrell is a seasoned AML professional and former director and AML/OFAC officer with more than 20 years in the banking industry, working both in medium and large community and commercial banks ranging from $2 billion to $330 billion in asset size. Terri has successfully worked with institutions in developing BSA/OFAC programs, optimizing various automated solutions and streamlining processes while ensuring all regulatory requirements are met. As the compliance and engagement director at Abrigo, Terri provides insights that contribute and support long-term banking strategies based on analysis of market and industry trends, competitor developments, and financial and regulatory technology changes. She is an audit-certified anti-money laundering specialist and a board member of the Central Texas chapter of the Association of Certified Anti-Money Laundering Specialists (ACAMS). Terri earned her bachelor’s degree in business administration, specializing in business and finance from the University of North Texas.
Webinar Fees
| Pricing For | Price | Season Pass |
|---|---|---|
| Bank Member | $195 | $0 |
| Bank Nonmember | $249 | $0 |
| Affiliate Member | $195 | $0 |
| Affiliate Nonmember | $249 | $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: None
Advanced Preparation: None
Program Level: Basic
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.