Marijuana banking, risks focus of webinar today
Marijuana-related businesses (MRBs) and the risks associated with providing them financial services are the focus of today’s webinar moderated by Kaley Schafer, NAFCU’s regulatory affairs counsel. The webinar aims to provide a baseline understanding of how to analyze the risks involved in servicing MRBs and will recommend best practices for setting up a cannabis banking program. Understanding how technology can increase compliance will also be discussed.
While NAFCU has not and will not take a position on the legalization or decriminalization of marijuana, the association has a number of resources on the issue and continues to encourage Congress to consider legislative complexities as several states have legalized the drug. In November, NAFCU released an updated issue brief that provides credit unions with comprehensive, up-to-date information on federal legislative efforts and state-level marijuana laws.
NAFCU’s resources on the issue include a Compliance Blog post, an article in the association’s monthly Compliance Monitor newsletter, and a feature in its bimonthly magazine. In addition to the webinar today, the association has also produced a pros and cons document to help credit unions determine if serving MRBs is right for their institution.
The webinar is scheduled to begin at 2 p.m. Eastern and registration is required for the event. One registration gives an entire credit union access to the on-demand recording via the Online Training Center for one year after the air date.
Add to Calendar 2020-01-15 14:00:00 2020-01-15 14:00:00 Cybersecurity Threats in 2020 As credit unions mature their cybersecurity defenses and refine their detection and response programs, hackers continue to find new ways to penetrate their systems. In this webinar, we will explore the latest developments in cybersecurity attacks and how they impact a credit union’s operations and their members. We’ll also discuss the latest in ransomware, social engineering, distributed denial of service and attacker profiles and motivations. Attendees will gain an understanding of the current cybersecurity threat landscape through the analysis of case studies and examples of public disclosures. Key Takeaways Understand the latest threat developments Learn where credit unions can focus valuable risk mitigation resources Develop and refine a framework of knowledge to plan future security efforts Purchase Now$295 Members | $395 Nonmembers (Additional $50 for CD)One registration gives your entire credit union access to the on-demand recording until January 15, 2021.Already registered? Go to the Online Training Center to view live. Who Should Attend? NAFCU Certified Bank Secrecy Officers (NCBSOs) NAFCU Certified Compliance Officers (NCCOs) NAFCU Certified Risk Managers (NCRMs) Chief Executive Officers, Chief Financial Officers and Chief Operating Officers Compliance staff Risk staff IT staff BSA staff Education Credits NCCOs will receive 1.5 CEUs for participating in this webinar. NCRMs will receive 1.5 CEUs for participating in this webinar. NCBSOs will receive 1.5 CEUs for participating in this webinar. CPA credit information is below; recommended 1.5 CPE credits. CPA Certification Credit Information Reviewer: Josie Collins, Education Manager, NAFCU Learning Objectives: Understand the latest threat developments. Learn where credit unions can focus valuable risk mitigation resources. Develop and refine a framework of knowledge to plan future security efforts. Program Level: Basic Prerequisites Needed: None Advance Preparation Needed: None Delivery Method: Group Internet-Based Recommended CPE Credits: 1.5 credits Recommended Field of Study: Information Technology - Technical National Association of Federal Credit Unions (NAFCU) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. Learn more. About Our Webinars Our webinars are streamed live from NAFCU headquarters near Washington, D.C. Your audio/video feed of the presenters includes presentation slides and downloadable handouts. You can easily submit your questions to the presenters at any time during the live broadcast, with no dialing over the phone! The audio and video stream directly through your computer. Web NAFCU email@example.com America/New_York public
Credits: NCCO, NCRM, NCBSO, CPE
Get daily updates.
Subscribe to NAFCU today.