
Join us to understand a little more about what Regulators are looking for when they are delve into your Cannabis-Related Business (CRB) program at your bank or credit union.
Live event: Monday, August 5, 2024 1-2pm ET/ 10-11am PT
Event Description
Please join us for the above Webinar, led by Chris Van Dyck, a six-year veteran financial regulatory attorney of the Maine Bureau of Financial Institutions. He will share his perspective of regulators’ focus and expectations when reviewing a financial institution’s CRB Program.
What Regulators Expect:
- Detailed insights into the priorities and expectations of financial regulators when evaluating a financial institution’s Cannabis-Related Business (CRB) Program.
- Understanding the key components of a robust CRB program, including customer due diligence, transaction monitoring, suspicious activity reporting, and ongoing risk assessment.
- Best practices for demonstrating compliance and mitigating risks to regulatory scrutiny.
Navigating Complexities:
- Strategies for identifying and mitigating red flags associated with cannabis businesses.
- Guidance on addressing issues like beneficial ownership, cash-intensive businesses, and geographic risks.
- Exploring emerging technologies and tools that can help streamline compliance processes.
In addition to his role as a regulator, Chris held the General Counsel and BSA Officer roles at a financial institution for ten years overseeing a CRB program that grew exponentially during his time there.
Chris recently joined Cogent Law Group where he specializes in assisting financial institutions with their cannabis banking programs. He also provides consulting services on compliance related topics, and acts as external general counsel for financial institutions. To find out more about Chris, please click the attached link: https://www.cogentlaw.com/cannabis-banking-law
