Did you know that more and more BSA/AML audits are uncovering hidden cannabis deposits? It’s less surprising when you understand that the legal cannabis industry in the U.S. is approaching $20B in annual revenue and naturally a lot of that money is finding its way into the banking system. And illegal cannabis sales are even larger than legal cannabis sales and that money is being discovered in banks, as well.
It’s important for all bank leaders and compliance professionals to become aware of the realities of cannabis, make informed decisions, and take appropriate actions based on their financial institution’s risk appetite and objectives.
Attend this webinar to learn:
- about the cannabis industry and the associated laws and regulations
- how to proactively screen your existing deposits portfolio for cannabis
- how to monitor and detect cannabis businesses and deposits on an ongoing basis
- what to do when you find cannabis deposits in your system