CSBS BAI Course Catalog

High-Risk Activities

Assessing Risks: Banking Marijuana-Related Businesses 25 minutes Providing banking services to marijuana-related businesses represents a growing business opportunity for financial institutions, but with risk involved because of current federal regulations. This course provides managers and executives with key issues to consider in deciding whether to bank MRBs. Using audio, video, interactive learning, and practical contexts, the course explains the risk levels associated with different tiers of MRBs and presents specific questions institutions must ask and answer in making their decision. 10 minutes This mini-course surveys the legal framework and recent regulatory guidance that financial institutions should understand when deciding whether to provide banking services to marijuana-related businesses (MRBs). Targeted towards executives and managers, the course provides a quick overview of federal and state regulations, the Cole Memo, FinCEN guidance, compliance challenges, and the three risk tiers associated with banking MRBs. 25 minutes As cryptocurrency grows in adoption and use, financial institutions are faced with important questions about whether and how to support it and their customers. Intended for executives and managers, this course provides an overview of the role traditional financial institutions can play with respect to cryptocurrency, the risks associated with doing so, and how institutions might mitigate that risk. It concludes with an overview of current guidance and areas of focus for potential future regulations. Banking Marijuana-Related Businesses: A Brief History Cryptocurrency for Financial Institutions: Understanding the Basics

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