Marijuana Banking 101: Legal and Compliance Considerations
Ameristar Casino, St. Charles, Missouri
Embassy Suites, Lincoln, Nebraska
The leader of Armstrong Teasdale’s Financial Services and Banking industry team will provide an update on the current status of marijuana under state and federal law, including the effects of the 2018 Farm Bill on industrial hemp and the implications for banking in that industry. The presentation will provide insights regarding legal and compliance considerations of importance to financial institutions regardless of whether they are interested in providing banking services to marijuana-related businesses. Topics include BSA/AML compliance requirements, suspicious activity reporting, and customer due diligence and monitoring best practices.