Banking Cannabis-Related Businesses

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Presented by

Corey Lynch

About this talk

The burgeoning U.S. cannabis industry is subject to a complex regulatory compliance landscape, with laws differing from coast to coast, at state and federal levels, and varying between cannabis-related businesses, CBD-related businesses, and hemp-related businesses. As profits flourish, financial institutions are facing significant regulatory uncertainty regarding the risks and rewards of banking cannabis-related businesses. Join Corey Lynch, Product Evangelist at Verafin, for an engaging, educational webinar discussing the intricacies of banking cannabis-related businesses. From informative industry perspectives to the SAFE Banking Act of 2021, stay informed of the importance of effective procedures for segmenting and periodically reviewing cannabis-related businesses with a risk-based approach that aligns with your institution’s risk appetite.
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Nasdaq Verafin is the industry leader in enterprise Financial Crime Management solutions, providing a cloud-based, secure software platform for Fraud Detection and Management, BSA/AML Compliance and Management, High-Risk Customer Management and Information Sharing. 3500 banks and credit unions use Verafin to effectively fight financial crime and comply with regulations. Leveraging its unique big data intelligence, visual storytelling and collaborative investigation capabilities, Verafin significantly reduces false positive alerts, delivers context-rich insights and streamlines the daunting BSA/AML compliance processes that financial institutions face today. Verafin is the exclusive provider for Texas Bankers Association, Western Bankers Association, and CUNA Strategic Services, with industry endorsements in 48 U.S. states.