CRB Monitor's Steve Kemmerling joined David Cotter and Mark Sullivan on July 12, 2021 to virtually present to ACAMS Virginia Chapter to discuss the rapidly changing landscape involving cannabis banking, moderated by Heather Allen.
The legal status of marijuana has created compliance conflicts for financial institutions both large and small with the recent legislative implications of changing regulations. The webinar will provide practical guidance on how to adapt to evolving cannabis-related compliance issues facing the AML community today.
Key Points Covered:
- Defining various type of "cannabis" and "Cannabis-Related Businesses" and summarize each category's legal/regulatory risk and opportunity
- Local and pending federal legislation that could impact the cannabis industry and its access to financial services
- How to more effectively create cannabis policies and procedures to reflect today’s market and regulatory realities, without leaving undue risk or opportunity to chance
ACAMS Virginia Chapter
ACAMS Virginia Chapter provides education and networking opportunities towards advancing the knowledge and skills of those involved in the identification, detection and prevention of money laundering. The chapter hosts events to be key a resource for financial institutions and related businesses, law enforcement, and the academic community. Additionally, the Virginia Chapter continually seeks opportunities to help distinguish CAMS members as the preferred subject matter experts in the field of anti-money laundering compliance.