What would be in your risk assessment? What do you need to open an account? How will we set up a Customer Identification Program (CIP) and a Customer Due Diligence (CDD) for your institution? How to break customers into tiers and establish the rules for each tier.

Learning Objectives:-

• A look at the federal picture on hemp, marijuana, and CBD oil
• Risk assessments for your new customer base
• Developing a new account policy and procedures for cannabis
• Questions in the new account interview
• CIP, CDD, and state law issues
• Separate hemp/CBD from hemp and marijuana/CBD from marijuana.

Who Will Benefit?

This session is ideal for AML/CFT/BSA officers and staff, security, deposit operations, deposit and loan compliance, and new account representatives.