Event Calendar

Friday, June 14, 2019

Hemp Farming Act: CBD, FAQs & Impact on Financial Services

Start Date: 6/14/2019 9:00 AM MDT
End Date: 12/14/2019 10:30 AM MST

Organization Name: Independent Bankers of Colorado

Tara F. Hunter
Phone: 303-832-2000

Hemp Farming Act: CBD, FAQs & Impact on Financial Services ***MORNING WEBINAR***
9:00 am – 10:30 am MT

The Hemp Farming Act of 2018, as passed in the 2018 Farm Bill, allows farmers to legally grow industrial hemp and makes cannabidiol (CBD) – a hemp byproduct – legal at the federal level.  This is big news!  Subject to state law, financial institutions can begin opening accounts and lending to industrial hemp and CBD-related businesses.   But many questions remain.  How can you distinguish a legal hemp crop from an illegal one?  What ongoing due diligence and reporting will be expected?  What are the SAR implications?  Join this informational session to learn the answers to these questions and more!

  • What was legalized under the Hemp Farming Act
  • Understanding what is and isn’t permitted under your state’s law
  • Initial and ongoing due diligence to detect and monitor hemp and CBD activity
  • Suspicious activity reporting requirements
  • Legislation on the horizon for banking marijuana-related businesses
    • Sample policy language
    • Hemp/CBD enhanced due diligence worksheet
    • Employee training log
    • NEW – Interactive quiz
This informative session will benefit new accounts personnel, branch managers, operations personnel, BSA officers, and compliance officers

Continuing Education: Attendance verification for CE credits upon request.

Banking Marijuana-Related Businesses
Thursday, March 21, 2019
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
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, coordinated internal and external audits and exams, and presented for numerous state associations.

Online Registration

Registration is Closed
Closed: 12/14/2019 8:45 AM

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