Event Calendar

Thursday, March 21, 2019

Banking Marijuana-Related Businesses

Start Date: 3/21/2019 1:00 PM MDT
End Date: 9/21/2019 2:30 PM MDT

Organization Name: Independent Bankers of Colorado

Tara F. Hunter
Phone: 303-832-2000

Banking Marijuana-Related Businesses
1:00 pm – 2:30 pm MT

Approximately thirty-three states and the District of Columbia have legalized marijuana in some form.  This new industry has provided opportunities to entrepreneurs, and these new businesses need banking services.  But with marijuana use and sale still illegal at the federal level and the repeal of the Cole Memo, your institution may be hesitant to serve marijuana-related businesses (MRBs).  This webinar will dive into marijuana-related regulations and review FinCEN guidance to help you establish due diligence policies/procedures and develop MRB monitoring strategies to ensure compliance.


  • Understanding the types of MRBs
  • FinCEN guidance and how to incorporate it into your process
  • Risk rating MRBs based on tiers of business activity
  • Suspicious activity reporting requirements for MRBs
  • Initial and ongoing due diligence to detect and monitor MRB activity
    • Sample BSA policy language
    • Red flags for marijuana-related businesses
    • MRB enhanced due diligence worksheet
    • Employee training log
    • Quiz to measure staff learning and a separate answer key
This valuable session will benefit new accounts personnel, branch managers, operations staff, BSA officers, and compliance officers.

Continuing Education: Attendance verification for CE credits upon request.

NOTE:  All materials are subject to copyright. Transmission, retransmission, or republishing of any webinar to other institutions or those not employed by your financial institution is prohibited. Print materials may be copied for eligible participants only.


Dawn Kincaid
Brode Consulting Services, Inc.
Dawn Kincaid began her banking career while attending The Ohio State University. She has 17 years’ experience in client service, operations, information technology, administrative and board relations, marketing, and compliance. Most recently Dawn served as the Senior Vice President of Operations for a central-Ohio-based community bank, where she created and refined policies and procedures, conducted self-audits and risk assessments, and organized implementation of new products and services. Dawn has served in the roles of Compliance, BSA/AML, CRA, Privacy, and Security Officer. She has led training initiatives, prepared due diligence information, completed a variety of regulatory applications, and coordinated internal and external audits and exams.