What do banks want to see when they are considering engagement in cannabis business accounts? What can business owners do to make themselves look attractive to banks? What do banks worry about when getting involved with a cannabis business? Find out the answers to these questions and more during part one of our Financial Management webinar series with Paula Givens, J.D., CFE.
Attorney and certified fraud examiner, Paula Givens, for over 20 years, prosecuted violations of federal labor law at the National Labor Relations Board (NLRB), and am now the principal of Industry Assurance and Oversight, LLC.
Paula currently provides legal and business management consulting services to cannabis companies; cannabis compliance consulting; and a regulatory compliant program for banks to service the cannabis industry.
She created a comprehensive analytical program for financial institutions to use in the implementation of a cannabis risk management program that she’s licensed to 2 banks. This program establishes guidelines for financial institutions to comply with the Bank Secrecy Act (BSA) obligations described by FinCEN in its February 14, 2014 Guidance Memo.
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What banks want in cannabis businesses