
With heightened KYC/AML (Know Your Customer/Anti-Money Laundering) requirements, navigating compliant customer onboarding and risk management can feel like traversing a legal jungle, but it can be even worse in the cannabis industry.
Next Upcoming Live event: Wednesday, January 29, 2025 – 2-3pm ET
Event Description
The booming cannabis industry presents incredible opportunities for banks, but also unique challenges. With heightened KYC/AML (Know Your Customer/Anti-Money Laundering) requirements, navigating compliant customer onboarding and risk management can feel like traversing a legal jungle. That’s where the American Cannabis Bankers Association comes in to help your financial institution mitigate these challenges.
Join our experts as they demystify the intricacies of KYC/AML regulations in the cannabis banking space. They’ll equip you with the tools and strategies to build a watertight compliance program, empowering you to confidently serve cannabis businesses while mitigating risk and ensuring regulatory confidence.
Key Learning Objectives:
- Mastering the Maze: Demystify the unique KYC/AML challenges specific to cannabis businesses, understanding red flags and identifying potential risks.
- Fortifying Onboarding: Implement robust due diligence procedures for onboarding cannabis clients, ensuring accurate customer identification and verification.
- Beyond Paperwork: Leverage secure digital tools and innovative technologies to streamline customer onboarding and recordkeeping, boosting efficiency and reducing errors.
- Vigilance on the Move: Discover effective strategies for ongoing monitoring of cannabis business accounts, staying alert to suspicious activity and reporting red flags with confidence.
- Building Trust & Transparency: Learn best practices for fostering open communication and positive relationships with cannabis clients, promoting a culture of compliance and collaboration.
