Weed, Cocaine and Heroin: What it Means to Your Bank or Credit Union?

This webinar will focus on the todays marketplace for weed, cocaine and opioids including heroin. It will cover topics such as FinCENs expectations regarding Marijuana-related businesses, drug enforcement agency fact sheets, FBI and DEA documentary on opioid abuse, summary review of transactions and much more.

WHY SHOULD YOU ATTEND?

The Bank Secrecy Act (BSA) requires banks to monitor for unscrupulous activity such as tax cheats and drug dealers. With todays supply and demand for drugs it is imperative that your staff is up to date on the trends in the marketplace.

This webinar begins by reviewing the narrative section of a Suspicious Activity Report. Then the speaker will review today’s marketplace for weed, cocaine and opioids including heroin. The webinar will be wrapped up by providing a summary review and analysis of the cash transactions that BSA officers and staff use in their investigations.

AREA COVERED

•How to write the narrative in the suspicious activity report

•How to do a criminal background check

•Price of weed in each state and amount needed for felony conviction

•Marijuana Price index

•FinCEN’s expectations regarding Marijuana-Related Businesses

•Cocaine’s key terms and pricing

•Heroin and the opioid epidemic

•Drug Enforcement Agency Fact Sheets from the Drugs of Abuse resource guide

•Criminal cases against doctors

•DEA National Prescription Drug Take Back Day

•FBI and DEA documentary on opioid abuse

•Summary review of transactions and what to look for

•Suspicious Activity Report and Narrative review

LEARNING OBJECTIVES

• How to write the narrative in the suspicious activity report

• How to do a criminal background check

• Price of weed in each state and amount needed for felony conviction

• Marijuana Price index

• FinCENs expectations regarding Marijuana-Related Businesses

• Cocaine's key terms and pricing

• Heroin and the opioid epidemic

• Drug Enforcement Agency Fact Sheets from the Drugs of Abuse resource guide

• Criminal cases against doctors

• DEA National Prescription Drug Take Back Day

• FBI and DEA documentary on opioid abuse

• Summary review of transactions and what to look for

• Suspicious Activity Report and Narrative review

WHO WILL BENEFIT?

•Bank and credit union compliance officers

•BSA officers

•AML officers

•BSA analysts

•BSA investigators

•CFOs

•Bank or credit union operations officers