Webinar Description

Monday, August 5, 2024, at 1:00 pm ET / 10:00 am PT

Please join us for the above Webinar, led by Chris Van Dyck, a six-year veteran financial regulatory attorney of the Maine Bureau of Financial Institutions.  He will share his perspective of  regulators' focus and expectations when reviewing a financial institution's CRB Program.  

What Regulators Expect:

  • Detailed insights into the priorities and expectations of financial regulators when evaluating a financial institution's Cannabis-Related Business (CRB) Program.
  • Understanding the key components of a robust CRB program, including customer due diligence, transaction monitoring, suspicious activity reporting, and ongoing risk assessment.
  • Best practices for demonstrating compliance and mitigating risks to regulatory scrutiny.


Navigating Complexities:

  • Strategies for identifying and mitigating red flags associated with cannabis businesses.
  • Guidance on addressing issues like beneficial ownership, cash-intensive businesses, and geographic risks.
  • Exploring emerging technologies and tools that can help streamline compliance processes.


In addition to his role as a regulator, Chris held the General Counsel and BSA Officer roles at a financial institution for ten years overseeing a CRB program that grew exponentially during his time there.

Chris recently joined Cogent Law Group where he specializes in assisting financial institutions with their cannabis banking programs.  He also provides consulting services on compliance related topics, and acts as external general counsel for financial institutions.  To find out more about Chris, please click the attached link: https://www.cogentlaw.com/cannabis-banking-law

Instructor(s)

Chris Van Dyke

Partner - Cogent Law Group

Chris Van Dyck, a partner at the Cogent Law Group, has been involved in the cannabis banking space for close to ten years, first as a financial regulatory attorney and then as general counsel and BSA officer at a financial institution. During his time as a regulatory attorney, he worked closely with financial institutions regulated by his office on compliance issues, including cannabis banking when the FinCEN guidance was issued in 2014. For the last nine years, he has focused his attention on developing a cannabis banking program, ensuring that it meets all regulatory expectations. During his tenure, the cannabis banking program at his financial institution grew extensively and became a significant revenue source.