Resources

Cannabis Banking Due Diligence Concerns

Cannabis Banking Due Diligence Concerns

Ancillary cannabis business compliance and risk personnel can use this resource to assist them when conducting due diligence on commercial cannabis business customers. This resource will help you understand general risks to consider, as well as specific risks associated with brand companies and different commercial cannabis industry sectors.

This infographic is intended for:

  • Compliance Managers
  • Compliance Analysts
  • BSA/AML Officers
  • AML Analysts
  • Risk Managers
  • Risk Analysts

Produced by Jontae James for the “Cannabis Banking Due Diligence – Deep Dive” Webinar.

Cannabis Banking Lead Director Checklist

Cannabis Banking Lead Director Checklist

Financial institution boards of directors and executives can use this checklist to guide the conversation on selecting a lead cannabis banking director, their major activities, and reports the board may want to review.

This checklist is intended for:

  • Financial institution board members
  • Financial institution executives
  • Financial institution compliance and risk functions

Produced by Joe Bonner for the “Cannabis Banking in the Boardroom: Risk Management” Webinar.

Cannabis Supply Chain Risk Management Fact Sheet

Cannabis Supply Chain Risk Management Fact Sheet

Save your business time and money by understanding the highest risk issues that the cannabis product supply chain exposes you to and how to manage those risks efficiently and effectively. This fact sheet will provide you with best practices for inventory and relationship management as well as how compliance and QA processes are critical to managing supply chain risks.

This fact sheet is intended for:

  • Commercial cannabis risk officers
  • Commercial cannabis compliance officers
  • Commercial cannabis CEOs
  • Commercial cannabis COOs

Produced by Elise Serbaroli for the ACCCE webinar De-Risking the Supply Chain.

Commercial Cannabis Business Board Report for Financial Institutions

Commercial Cannabis Business Board Report for Financial Institutions

Financial institution compliance executives can use this resource to assist them with implementing a robust, formally documented commercial cannabis business board report. Use ACCCE’s editable board report template document to provide your board with information specific to your cannabis banking program, including the effect of this client segment on the overall risk profile and suspicious activity reporting, the outcome of any recent audits, and an identification of Key Performance Indicators (KPIs) and Key Risk Indicators (KRIs).

This job aid package includes:

  • Commercial Cannabis Business Board Report for Financial Institutions Background document
  • Commercial Cannabis Business Board Report for Financial Institutions Template document
  • High-level board overview PowerPoint slide to include with your board report

This job aid package is intended for:

  • Financial institution executives
  • Financial institution compliance and risk functions
Compliance Policy Checklist

Compliance Policy Checklist

Commercial cannabis risk managers and compliance officers can use this checklist to draft a formal compliance policy that will address their company’s adherence to applicable laws and regulations and internal standards. This checklist walks through the major components of a robust compliance policy.

This checklist is intended for:

  • Commercial cannabis business owners
  • Commercial cannabis business risk managers
  • Commercial cannabis business compliance managers

Produced by Vijay S. Choksi, Esq. for the “Introduction to Compliance Management – Establishing the Culture of Compliance” Webinar.

Compliance Risk Assessment Reminders

Compliance Risk Assessment Reminders

Cannabis risk officers, obtain expert risk assessment guidance quickly with this printable resource designed to help you identify the first steps you should take when implementing a compliance risk assessment. This resource will give you an understanding of how to evaluate your business’s inherent risks, determine impact and severity, document your control environment, and employ an effective risk mitigation plan.

This fact sheet is intended for:

  • Commercial cannabis risk officers
  • Commercial cannabis compliance officers

Produced by Laura Davis for the ACCCE webinar Compliance Management Best Practices: Putting the Risk Assessment to Work for You

Compliance Risk Assessment Template

Compliance Risk Assessment Template

Commercial cannabis risk professionals can meet their business objectives while reducing risk with this customizable, cost-effective compliance risk assessment template. The editable template and accompanying instructions document will walk you through the steps for documenting your company’s risk appetite, inherent risks, and control environment to arrive at your residual risk rating.

This job aid package includes:

  • ACCCE Compliance Risk Assessment Instructions
  • ACCCE Compliance Risk Assessment Template

This job aid package is intended for:

  • Risk managers
  • Compliance officers
  • CEOs
Comprehensive Cannabis Banking Program

Comprehensive Cannabis Banking Program

Financial institution boards of directors and executives can use this resource to assist them when considering cannabis banking, or expanding a cannabis banking program. This one-pager will help you identify material due diligence processes, internal controls, and best practices to check your cannabis banking program against.

This checklist is intended for:

  • Financial institution board members
  • Financial institution executives
  • Financial institution compliance and risk functions

Produced by Andy Montgomery for the “Cannabis Banking in the Boardroom: Risk Management” Webinar.

Financial Institution Cash Deposit Guidance

Financial Institution Cash Deposit Guidance

Financial institution risk and compliance executives can use this reference to guide the conversation on whether to allow cash to be deposited in your branches from commercial cannabis businesses.

This resource is intended for:

  • Financial institution compliance and risk functions

Produced by Chris Gunias for the “5 High Risk Areas of Cannabis Banking Webinar”, this reference document runs through the risks a financial institution should consider in their due diligence and enhanced due diligence for allowing a commercial cannabis business to deposit cash at a branch.

Financial Institution Due Diligence Checklist

Financial Institution Due Diligence Checklist

Financial institution AML and BSA staff can use this reference to guide the conversation on what to review for cannabis banking due diligence.

This resource is intended for:

  • Financial institution AML/BSA function

Produced by Cathy Scharf for the “5 High-Risk Areas of Cannabis Banking” webinar, this checklist runs through the material differences a financial institution should consider in their due diligence and enhanced due diligence.

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