Understanding the Rescheduling of Cannabis

Know Your Customer, Secure Your Future

Know Your Customer, Secure Your Future: Building Robust KYC/AML Programs in Cannabis Banking

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.

Are you interested in more than one of our webinars? Consider a membership to maximize your benefits and education with the ACBA. For one flat price, you get year-long access to our full content library AND our Cannabis Banking Professional Suite of Certifications!

Meet the Instructor

Erin O’Donnell – Co-Founder Association for Cannabis Banking

Erin O’Donnell, Founding Partner of the Association for Cannabis Banking, Co-Founder of BankersHub and Co-Founder and former CEO of Bankerstuff oversees product innovation and education. She has over 30 years of experience in strategic event management, specializing in technology and online delivery of content.

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