Resources

Crisis Management Program

Crisis Management Program

by | Jun 11, 2022 |

Level: Expert

There may be an occasion when a commercial cannabis business faces a crisis, whether internal or external. The business should be prepared to respond with a crisis management program to ensure public safety and business continuity. A crisis is an emergency or adverse act threatening a commercial cannabis business’s facility, employees, customers, stakeholders, or the industry.

ACCCE and WJCousins and Associates, an ACCCE Thought Leader alliance member, developed this Crisis Management Program to help you implement a Crisis Management Program that prepares the business for many potential crises such as fire, Workplace Violence, and Theft and Fraud.

ACCCE Members can download a sample Crisis Management Policy and Objective for Free: https://accce.org/product/crisis-management-policy-and-objective-template/

This resource is intended for:

  • Commercial Cannabis Businesses
  • Risk and Compliance Officers
Financial Institution Cash Deposit Guidance

Financial Institution Cash Deposit Guidance

by | Jul 13, 2020 |

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

by | Jul 13, 2020 |

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.

Financial Institution Risk Rating by Sector Based on Cole Memo

Financial Institution Risk Rating by Sector Based on Cole Memo

by | Jun 6, 2022 |

Level: beginner

In the US, many financial institutions use the Cole Memo to advise their understanding of the government’s risk tolerance for cannabis customers. As part of the risk-based approach, the BSA officer should be able to identify how the Cole Memo Priorities map to the risks the financial institution is managing. This mapping demonstrates how a financial institution prioritizes its resources to manage the risk cannabis operators may expose them to based on the Cole Memo. This is a sample mapping of Cole Memo priorities to ACCCE’s five high-risk areas in the commercial cannabis industry by sector.

This resource is intended for:

  • Cannabis Banking BSA, Compliance, or Risk Officers
  • Professional Service Providers
  • Banking Regulators
Four Simple Steps to Managing Risk & Compliance

Four Simple Steps to Managing Risk & Compliance

by | Mar 12, 2021 |

Cannabis risk officers, obtain the trusted answers you need to meet your business objectives and reduce risk with this printable resource that highlights four steps for identifying and managing risk effectively. This resource will help you learn how to identify your highest inherent risks and implement a mitigation plan that prioritizes your highest residual risks and holds risk owners accountable.

This fact sheet is intended for:

  • Commercial cannabis risk officers
  • Commercial cannabis compliance officers

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

Inherent Risks Associated with Brand Companies

Inherent Risks Associated with Brand Companies

by | Oct 14, 2020 |

Financial institution compliance and risk personnel can use this resource to assist them when conducting due diligence on commercial cannabis business customers. This infographic will help you understand how a brand company may work with your commercial cannabis customer, and what inherent risks should be considered when evaluating that relationship.

This infographic is intended for:

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

Produced by Carole McCormick for the “Cannabis Banking Due Diligence – Deep Dive” Webinar.

 

Measuring Your Compliance Culture Checklist

Measuring Your Compliance Culture Checklist

by | Jan 18, 2021 |

Commercial cannabis risk managers and compliance officers can use this checklist to assist them in measuring the effectiveness of their company’s compliance culture. Compliance culture is built over time, and this checklist will assist with answering key questions about the strength of the internal control environment, training, and communication.

This checklist is intended for:

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

Produced by Donald Luther for the “Introduction to Compliance Management – Establishing the Culture of Compliance” Webinar.

Operational Cannabis Compliance Risk Assessment Considerations

Operational Cannabis Compliance Risk Assessment Considerations

by | Mar 15, 2021 |

Cannabis risk officers, meet your business objectives while reducing risk by implementing a compliance risk assessment that will help you identify and prioritize your highest risks so you can allocate resources appropriately. This printable resource provides specific inherent risks to consider as part of operational compliance and lists expert tips on managing residual risks within your business’s risk tolerance.

This fact sheet is intended for:

  • Commercial cannabis risk officers
  • Commercial cannabis compliance officers

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

Risk Assessment Template

Risk Assessment Template

by | Mar 24, 2021 |

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.

Risk Assessment template covers

    • Risk Appetite
    • Risk Drivers
    • Quality of Controls broken down by the Cannabis Risk Management Framework
    • Examples

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
Risk Program Package

Risk Program Package

by | Nov 4, 2020 |

ACCCE’s risk program is a great starting place for commercial cannabis businesses with no risk program in place, or for commercial cannabis businesses looking to enhance their current risk program and free to ACCCE members.

Ancillary cannabis businesses can also use this risk program template to assist their commercial cannabis clients in implementing a risk program.

 

Risk Program language includes

  • Policy Statement
  • Roles and Responsibilities for Directors, Directors Risk Committee, Risk Steering Committee, Risk Officer, and employees
  • Risk Assessment
  • Key Control Activities
  • Training
  • Audit

The instructions document and accompanying video will help you understand how to create a commercial cannabis risk program by establishing what each section in the template does for your business, how to modify certain sections to be specific to your business, and how to formalize the program through a corporate approval process.

This risk program package is intended for:

  • Risk officers
  • Compliance officers
  • Compliance managers
  • General Counsel
  • Compliance and risk functions at ancillary cannabis businesses
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