Hemp Farming Act: CBD, FAQs & Impact on Financial Services

Hemp Farming Act:  CBD, FAQs & Impact on Financial Services

Hemp Farming Act: 
CBD, FAQs & Impact on Financial Services
Friday, June 14, 2019
11:00 am – 12:30 pm Eastern

 

The Hemp Farming Act of 2018, as passed in the 2018 Farm Bill, allows farmers to legally grow industrial hemp and makes cannabidiol (CBD) – a hemp byproduct – legal at the federal level.  This is big news!  Subject to state law, financial institutions can begin opening accounts and lending to industrial hemp and CBD-related businesses.   But many questions remain.  How can you distinguish a legal hemp crop from an illegal one?  What ongoing due diligence and reporting will be expected?  What are the SAR implications?  Join this informational session to learn the answers to these questions and more!

Highlights:

  • What was legalized under the Hemp Farming Act
  • Understanding what is and isn’t permitted under your state’s law
  • Initial and ongoing due diligence to detect and monitor hemp and CBD activity
  • Suspicious activity reporting requirements
  • Legislation on the horizon for banking marijuana-related businesses

Take-Away Toolkit:

    o Sample policy language
    o Hemp/CBD enhanced due diligence worksheet
    o Employee training log
    o NEW – Interactive quiz

Who Should Attend??

This informative session will benefit new accounts personnel, branch managers, operations personnel, BSA officers, and compliance officers.  

Speaker

Dawn Kincaid, Brode Consulting Services, Inc.

Dawn Kincaid began her banking career while attending The Ohio State University.  She has 17 years’ experience in client service, operations, information technology, administrative and board relations, marketing, and compliance.  Most recently Dawn served as the Senior Vice President of Operations for a central-Ohio-based community bank, where she created and refined policies and procedures, conducted self-audits and risk assessments, and organized implementation of new products and services.  Dawn has served in the roles of Compliance, BSA/AML, CRA, Privacy, and Security Officer.  She has led training initiatives, prepared due diligence information, completed a variety of regulatory applications, coordinated internal and external audits and exams, and presented for numerous state associations.

Attendance verification for CE credits provided upon request.

Webinar Sponsored by Financial Education & Development

If you are having issues with registering online, please contact CBAO's Education & Training Coordinator, Lianne Simeone, (614) 610-1877.

Registration Options
Live Webinar: Register for the live event and get five days access to the On Demand Playback. You’ll have an opportunity to ask questions during the presentation and be free to review the content for the next 5 (business) days Registration also includes links to presenter materials, handouts, and pdfs.
Recorded Webinar + Free Digital Download: Can’t attend the live webinar?  This option provides a recording of the live event, including audio, visuals, and handouts.  We even provide the presenter’s email address for follow-up questions. You will receive an email with the recorded webinar link, which can be viewed anytime 24/7, beginning 6 business days after the webinar.  You will also receive instruction on how to download a free digital copy of the webinar to your PC, which you may keep and use indefinitely.

Live Webinar: Register for the live event and get five days access to the On Demand Playback. You’ll have an opportunity to ask questions during the presentation and be free to review the content for the next 5 (business) days Registration also includes links to presenter materials, handouts, and pdfs.
Additional Hookups: Registering another banker from a different location
Live Webinar + On-Demand Link : Both live webinar & recorded webinar + free digital download 

When
6/14/2019

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