03/24/2024
Does our current system of vendor due diligence risk ratings need to be more detailed or are we good to just have a 3-tiered risk rating category like High, Medium and Low?
02/18/2024
Management would like to cautiously bank “just one really good” customer who is getting into cannabis sales. Can we ease into it like this, and if so, what should we focus on?
02/11/2024
I’m so confused! I keep hearing about the “SAFER Banking Act”. How is that different from the “SAFE Act” from several years ago? Is it being updated?
02/04/2024
I’m trying to understand the marijuana “Cole Memo” because my bank is thinking about banking cannabis customers. Is there more than one Cole Memo, and is it even still effective? It seems like a mess!
01/28/2024
My State has not yet legalized marijuana. Do I still need to know anything about cannabis banking?
01/21/2024
From a banking perspective, what is the difference between cannabis, hemp, and CBD? We don’t offer a cannabis banking program (yet), but I’m certain I’ve seen CBD products for sale at some of our customer’s retail businesses. I hate to even ask, but is this OK?
01/14/2024
Must we file a SAR on a cannabis customer even if nothing suspicious is going on?
01/01/2024
What is the big deal about using a personal account for business purposes?
12/31/2023
What is a funnel account?
12/24/2023
How does a business email compromise work?