Marijuana bankingMSB banking

Webinar: Banking MSB and Marijuana Clients in a Responsible and Profitable Manner

By May 11, 2017 No Comments

The following webinar was presented by Hypur to members of the National Association of Credit Union Service Organizations (NACUSO) and addresses various legal, compliance and financial factors concerning banking money service businesses (MSBs) and marijuana related businesses (MRBs).

Topics covered

Topics we examine in the webinar include:

  1. How de-risking of MSB’s by large financial institutions is creating opportunities for financial institutions willing and able to service MSB’s
  2. Federal policy governing the enforcement of AML and BSA laws as they relate to state-legalized marijuana
  3. How financial institutions can satisfy their compliance obligations when banking MRBs
  4. Financial opportunities MSB and marijuana markets offer financial institutions

Takeaways

Key takeaways from the webinar include:

  1. How to meet AML/BSA responsibilities of banking MSB’s and MRBs
  2. Using technology to mitigate risk of banking MSB and MRB customers
  3. How technology can provide unprecedented transparency into MRB customers
  4. Understanding the current legal and policy landscape of banking marijuana related businesses
  5. Banking MSB’s and MRBs can be a significant revenue source