Banking MRBs: Blunt Talk on Managing AML/KYC Compliance
Wednesday, September 23 | 1:00 pm CST - Register Here
These complex business structures of the cannabis industry make meeting BSA obligations more difficult as many ‘shell’ type companies are created to move money nationally and cross-border with Financial Institutions and do not know the source of funds. Deciding not to bank MRBs requires the same policy considerations as the choice to bank them. The webinar will explore some of the key considerations when reviewing the pros and cons of banking MRBs.
- Pending cannabis/marijuana laws - what you need to know
- Is the risk of banking MRBs worth the reward?
- How do you get to the UBO given the complex structures?
- COVID-19 impact
Steve Kemmerling, Founder & CEO CRB Monitor
Since founding CRB Monitor in 2014, Steven Kemmerling has been a thought leader, subject matter expert and data-hound focused on addressing significant challenges around “cannabis and banking.” He created and continues to refine many of the terms, taxonomy and frameworks relied upon by financial institutions and regulators as they seek to understand the cannabis industry and formulate relevant and effective policies, procedures and standards. Prior entrepreneurial experience includes helping to launch and grow a litigation and anti-money laundering consultancy serving large financial institutions. Steve strives to utilize his experience, knowledge, and entrepreneurial insight to develop innovative products and services that provide meaningful solutions to large problems.