Cannabis banking expert Paul Dunford will explain how to create cannabis banking risk assessments and financial models, reach out to the market to find and onboard desirable cannabis business customers, and develop policies and procedures. You will learn how to create and lead a successful cannabis banking program that aligns with your financial institution’s strategic plan.
Topics Covered
- Initial Due Diligence and Risk Rating
- Sales Validation
- Ongoing Due Diligence and Account Monitoring
- FinCEN Reporting
Training Overview
Cannabis banking is becoming more viable. Earn your Accredited Cannabis Banking Professional Certification.
Congress is inching closer to facilitating banking access for marijuana businesses. The House passed the Secure and Fair Enforcement (SAFE) Banking Act in 2021, and the Senate is now considering expanding and passing this legislation in the much-anticipated SAFE Plus package. Meanwhile, regional and national financial institutions are aggressively planning how to serve this lucrative market.
An Accredited Cannabis Banking Professional (ACBP) credential will demonstrate that you are versed in the fundamentals of cannabis banking. It will confirm to employers and examiners that you can participate in the significant roles of running a cannabis banking program—from compliance to business development to operations.
This certification program will enable you to speak knowledgeably about the industry, differentiate between various types of cannabis businesses, and risk-rate products and services (including lending). Aware of state law and federal guidance, you will be able to apply this knowledge to the practice of cannabis banking through your familiarity with the four basic cannabis banking workflows:
- Initial Due Diligence and Risk Rating
- Sales Validation
- Ongoing Due Diligence and Account Monitoring
- FinCEN Reporting
Accredited Cannabis Banking Professional Certification
Session 1: Introduction to Cannabis
- Terminology
- Federal status and FinCEN's guidance (FinCEN)
- State/territory marijuana and hemp programs
Session 2: Understanding Cannabis Businesses
- Defining cannabis businesses
- Restrictions and limitations
- The business of cannabis: from license application to daily operations
Session 3: Assessing Risk
- Categories of risk
- Risk mitigation strategies
- Risk-rating CRBs by type
Session 4: Financial Modeling
- Factors that define market opportunity: CRB type, geography, regulations, etc.
- Strategic goals: Accommodate, Pursue, Innovate
- Costs to the financial institution
Session 5: Building a Cannabis Banking Program
- Cannabis banking policies
- Cannabis banking procedures
- Products and services
- Bringing a program to the Board
Session 6: Running a Cannabis Banking Program
- Account onboarding and enhanced due diligence
- Cash handling
- Market outreach
Session 7: Monitoring CRB Accounts
- What is “normal and expected” activity?
- Red flags
- Taking corrective action
- FinCEN reporting
Session 8: Case Studies & Frequently Asked Questions
Upon certification, you will receive a Credly digital credential to demonstrate your knowledge. You can share your verifiable badge in email, LinkedIn, and other online profiles.
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Who Should Attend?
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Expert Presenter
Paul Dunford
- Co-founder of Green Check Verified
- Director of program development
- Oversees the development and management of compliance programs
- Experienced solution and deployment/support architect who has led enterprise-scale digital transformation and mobile enablement initiatives across retail, healthcare, and education
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Credits
Credits: Live webinars approved for 8.0 CPE credits
Field of Study: Management Services
Prerequisites: Basic Knowledge
Advanced Preparation: None
Delivery Method: Group Internet Based
Certificates of Attendance: BankersWeb certificates of attendance are available to all registered participants completing this webinar.
CareerLearning is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.
CareerLearning wants you to be satisfied with your purchase. If this program does not meet your expectations, email us at support@careerlearning.com.
Certifications
Employers particularly appreciate BankersWeb certifications because they represent definitive confirmation of the mastery of the subject area.
Please follow these steps to earn your certification:
- Attend all the training sessions in their entirety.
- Gain access to the final exam at the conclusion of the last session.
- Take the final exam and receive a score of 80% or better.
If you have any questions about the certification process, please get in touch with us. We look forward to your participation!
CareerLearning Quality Commitment
CareerLearning wants you to be satisfied with your purchase. If this program does not meet your expectations, email us at support@careerlearning.com.