Understanding the Provisions of the Secure and Fair Enforcement Act of 2019

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Live Webinar | CEU Approved

  • 60 minutes
  • 0 Day Left
     Jun 20, 2019
  •   01:00 PM - 02:00 PM ET
    10:00 AM - 11:00 AM PT

This webinar will discuss the background and purpose of the proposed Secure and Fair Enforcement (SAFE) Act of 2019. You will learn how a depository institution will be provided with a safe harbor when dealing with a cannabis-related legitimate business or service provider, the protections in place for ancillary businesses, the protections under federal law, the requirements of filing a suspicious activity report, and the guidance and examination procedures outlined for regulators.

Join this session by expert speaker Thomas E Nollner, where he will explain how financial institutions can provide banking services to a cannabis-related legitimate business or service provider and not be criticized by their government regulator.

Session Highlights:

You will learn:-

  • Overview and Why Act was proposed

  • How the Act will affect a financial institution

  • How regulators will view a financial institution’s involvement with a cannabis-related legitimate business or service provider

  • How to file suspicious activity reports related to activity involving a cannabis-related legitimate business or service provider, and regulators will enforce the Act.

Why You Should Attend:

In this webinar, attendee will know about how the Act affects a financial institution and why regulators will view a financial institution’s involvement with a cannabis-related legitimate business or service provider. This will explain about suspicious activity reports related to activity involving a cannabis-related legitimate business. This will help to enforce the Act provides attendees with the skills, knowledge’s, and information they need to ensure that their financial institution complies with the requirements of the Act.

Who Should Attend:

  • Risk Managers

  • BSA Officers

  • Employees involved with any aspects of the KYC/CDD process

  • Front line employees to include tellers, account opening staff, customer relations officers

  • All levels of management.

Advanced Preparation: None 

Program Level: Intermediate 

Prerequisites: Basic knowledge of Finance

Field of Study: Finance

*You may ask your Question directly to our expert during the Q&A session.

** You can buy On-Demand and view it as per your convenience.

Thomas E Nollner

Thomas E Nollner

Thomas E Nollner has more than 38 years of experience in financial institution supervision and consulting. Mr. Nollner spent 30 years as a National Bank Examiner (NBE) for the Comptroller of the Currency where he was a safety and soundness examiner and a compliance examiner. The last 15 years as an NBE and for the past 8 years as a consultant, Mr. Nollner has specialized as an AML/CFT examiner/consultant. In these roles he has analyzed financial institutions’ AML/CFT programs to ensure that they complied with applicable AML/CFT laws, rules, and regulations; he reviewed the suspicious transactions identification, monitoring, and reporting processes; he traced proceeds and transactions through several layers of activity; and he provided AML/CFT training for many different financial institutions.

Mr. Nollner currently works as a consultant for the Office of Technical Assistance (OTA), a branch of the U.S. Treasury that assists developing countries with banking issues. Mr. Nollner is assigned to the Economic Crimes Team that focused on training, assisting, and mentoring the staffs of the financial regulatory departments and financial intelligence units of various countries regarding AML/CFT compliance. In this capacity, he worked in countries such as Afghanistan, Iraq, Turkmenistan, Viet Nam, Honduras, Guatemala, Guyana, Suriname, and Argentina developing AML/CFT examination procedures, providing AML/CFT training and mentoring, and updating local AML/CFT laws and regulations.

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Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.

For more information regarding administrative policies such as complaint and refund, please contact our offices at 844- 810-1151.

PLEASE NOTE: To receive credit through the NASBA for this program you MUST attend the Live program in its entirety and complete the required progress checks.

Number of CPE Credits Awarded for This Course: 1.0 (Finance - 1.0)

Delivery Method: Group Internet Based

Want to attend in a Group? Call 844-810-1151 and Save upto 50%

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