Cannabis Banking:
Gatekeepers and the Department of Justice
July 24, 2018 | 10:00 am – 11:00 am (ET)

Registration: $99 for MCUL Affiliated Credit Unions

Financial institutions considering banking the state-legal cannabis industry often do not know how to meet AML obligations beyond the status quo and regulatory approval. This session examines cannabis banking from a Federal law enforcement prospective and provides some insightful best practices to keep from running afoul of the DOJ and law enforcement community.

Who Should Attend
Board members, directors, senior managers, BSA officers and legal counsel.

Goals of the Session
What is a reasonable level of AML compliance when banking a high-risk, cash intensive client such as a money serves business (MSB), would not meet reasonable standards when banking a marijuana-related business (MRB), which by its nature violates Federal law.

Board members, directors and officers will have a clearer understanding of DOJ marijuana enforcement priorities post "Cole" and their BSA/AML obligations. BSA officers will be introduced to basic techniques on how to implement effective MRB AML components within their existing compliance units. 

Webinar Delivery
Upon registration participants will receive a Go-To-Meeting email confirmation with directions on how to access the session on July 24. Note: This is a LIVE-only webinar; a recording will not be available after the presentation.

About West Coast AML
West Coast AML Services is the nation's leading consultancy specific to marijuana-related AML compliance for the financial sector. What they teach is not found in the FFIEC manual. 


About the Presenters

Terry M. Neeley
Founder and Managing Director of West Coast AML Services

Terry NeelyTerry is a well-respected expert in the federal law enforcement Bank Secrecy Act/Money Laundering Control Act (BSA/AML) field with over 25 years of firsthand experience investigating complex drug money laundering organizations, white collar financial crimes and terrorist financing. He concluded a six-year position with the U.S. Department of the Treasury, Special Inspector General for the Troubled Asset Relief Program (SIGTARP) just prior to creating West Coast AML Services in August 2016.  Concerned about cannabis banking issues, he created West Coast AML Services in August 2016 to minimize the complex risks for financial institutions.

Anthony J Macisco
Director of Training at West Coast AML Services

Anthony MaciscoAnthony is a former federal agent with 35 years of extensive operational, leadership and management experience in the Departments of the Treasury and Homeland Security. He conducted and supervised investigations of international drug money laundering organizations and was a charter executive board member that created a multi-agency task force to dismantle and prosecute U.S. based command and control centers for drug smuggling and money laundering organizations. He is an adjunct professor at Notre Dame College and assisted in the development of their Graduate Program of National Security and Intelligence Studies.











Details

  • When

  • Tuesday, July 24, 2018
    10:00 AM - 11:00 AM
    Eastern Time

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