Risk Assessment Roadmap: Banking Cannabis
Risk Assessment Roadmap: Banking Cannabis
Monday, February 6, 2023
12:00 – 1:00 pm (Eastern Time)
Struggling with how to onboard new cannabis banking customers or ongoing review practices? Measuring risk for cannabis related businesses is particularly challenging because–for the most part–cannabis banking is still in the nascent stages of development. The good news is that cannabis banking is happening every day and the number of banks and credit unions entering this sector is growing.
This cannabis banking webinar provides in-depth guidance and best practices to effectively perform your risk assessment on cannabis related businesses.
Comprehensive Training Objectives for You and ALL Your Staff
- What is expected in your risk assessment for banking cannabis businesses
- The three most important considerations for banking MRBs
- Defining customer types
- Industry approaches on how to define “marijuana-related businesses”
- What information needs to be documented in your risk assessment, ongoing reviews, and program document
- How to effectively risk rate at account opening
- Setting tolerance thresholds
- Tips and tools for analyzing cash flow
- The 5-step process for an enhanced due diligence cannabis banking
Instructor
Dena Somers
Esq / Founder finreg PARTNERS
Dena Somers is a highly regarded bank consultant and compliance attorney. She has provided regulatory compliance and risk management consulting services to financial institutions and companies in highly regulated industries nationwide for more than 20 years. Her areas of expertise include consumer and mortgage lending compliance, Fintech and specialty finance, regulatory compliance training, business strategy and best practice advisement, and corporate governance.
Throughout her career, Ms. Somers has advised hundreds of banking and financial institutions— ranging from local community banks to $50 billion financial holding companies— to achieve operational efficiency while ensuring regulatory compliance. Previously, Ms. Somers served as General Counsel to a national mortgage servicing company, Fintech lender, national money service business, and has represented financial institutions in a broad array of complex litigation matters for more than 15 years. Additionally, Ms. Somers is a published author for Lexis Nexis in the areas of Bank Teller training, loan policies, and loan documentation training.
Attendance verification for CE credits provided upon request.
Webinar Sponsored by BankersHUB
If you are having issues with registering online, please contact CBAO's Education, Training & Special Event Coordinator, Malia Widder, (614) 610-1877.
| Registration (Member/Non-Member Pricing) |
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Webinar and Playback* ($295/$445)
*Playback has no expiration.
Additional Hookup - Registering another banker from a different location ($185/$225)
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