Page 4 - Mj banking conference brochure

Day 1: Industry, laws, Banking’s Legal • Speakers from banking law firms
Environment and
• No regulatory guidance for banks
Considerations
regulation • What is/isn’t legal?
• President Trump and DoJ
➢ FinCEN and DoJ memos, SARs
• Court cases
Day 1 – August 9, 10:00 Industry, laws, regulation… • Reporting requirements – FinCEN, BSA, AML…
a.m. • Enforcement and penalties
Welcome • Need for clarity • D&O liability
• Challenges for state regulation and • Anticipated developments
taxation BSA/AML Compliance • Speakers include bank compliance officers
• CO efforts re: Congress, regulators • Requirements
• Only resolution is Congressional action • Policies and procedures
Marijuana Political Status • Brief history – Status of: • Tolerance thresholds
➢ Permissive states • Best practices
➢ Sales and taxes ➢ Operations
• Changes in public attitude ➢ Employee training
• Other proposals don't work ➢ Joint accounts
• Need for Congressional action ➢ Loans – Existing and new
Marijuana Industry Makeup • Products in the marketplace ➢ 3rd party relationships
• Grow and retail issues ➢ Practical issues with MRBs
• Work force Insurance considerations • Bond and D&O – What is covered and what isn’t
• Myths and Truths • Employee lawsuits
Federal Agencies’ • Speakers invited from DoJ, FinCEN and • Collateral coverage
Perspective state attorneys general • Protection from prosecution – bank and
➢ Directives/guidance to agencies employees
➢ SARS • Liability to third parties
➢ Enforcement Hemp Industry • Hemp v MJ
➢ Expected changes Considerations ➢ Common crop
Lunch Buffet • Opportunity to network with attendees, ➢ Definitions
sponsors and vendors ➢ Danger of hemp being classified as marijuana,
Banking’s Regulatory • Speakers invited from Federal Reserve, implications
Environment and FDIC and Comptroller of Currency ➢ Scope of hemp industry
Considerations • Agency guidance, exam documents re ➢ Regulation
banks’ ➢ Repercussions
➢ Policies and procedures ➢ Outlook for hemp industry
➢ Operations Congressional Update • U.S. Senator/Representative
➢ Employee training • Bills and approaches
➢ SARS compliance • Obstacles and outlook
➢ Documentation – topics, forms Reception • Beer, wine and light food
➢ Practical issues with MRBs • Media may be present
• Scope of review for bank regulators and Dinner on Your Own • Opportunity to network with attendees, sponsors
examiners and vendors
➢ Institutions that bank it
➢ Institutions that don't want to bank it

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