New Guidance on Banking Hemp Customers from FinCEN


Presented by: Deborah Crawford

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This one hour update will cover the new FinCEN guidance to address questions related to Bank Secrecy Act/Anti-Money Laundering (BSA/AML) regulatory requirements for hemp-related business customers. This guidance explains how financial institutions can conduct due diligence for hemp-related businesses, and identifies the type of information and documentation financial institutions can collect from hemp-related businesses to comply with BSA regulatory requirements. This clarification is intended to enhance the availability of financial services for, and the financial transparency of, hemp-related businesses in compliance with federal law. This guidance supplements the December 3, 2019 interagency statement on providing financial services to customers engaged in hemp-related businesses (December Hemp Statement).

  • Understanding and implementing the new guidance
  • What is hemp and CBD Oil from Hemp?
  • BSA Program expectations
  • SAR Reporting, as needed
  • Updating your policy and procedures
  • Updating your new account questionaire
  • Review of December 2019 guidance
  • USDA Regulations and federal law on hemp
  • Farm bill
You will receive:
State statutes, Federal law and regulations on Hemp

About the Speaker: Deborah Crawford is the President of gettechnical inc. She specializes in compliance and regulations for the deposit side of financial institutions. Her 27+ year career in banking and training began at Hibernia National Bank. She has been a seminar leader for many state associations and credit union groups across the nation. She has Bachelors and Masters degrees from Louisiana State University.

This program was recorded in its entirety in July 2020. The CD-ROM includes program slides, materials (if available) and follow-up Q & A document.

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  • Model: cd_hemp0720
  • Manufactured by: Glia Group, Inc.

This product was added to our catalog on Monday 29 June, 2020.

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