The Secure and Fair Enforcement Banking (SAFE) Act of 2019 and the Protections It Provides
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 NBA 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
US 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.
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. The presentation 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.
Areas Covered
This webinar will provide you with information regarding the purpose of the Secure and Fair Enforcement (SAFE) Act of 2019. You will learn why the 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.
Course Level - Intermediate
Who Should Attend
- Banking/Financial Industry: Risk Managers, BSA/AML Officers, Suspicious Activity Officers
- Cannabis Industry: Front line employees and all levels of management
Why Should You Attend
You should attend this webinar so that you understand the purpose of the Secure and Fair Enforcement (SAFE) Act of 2019. By understanding why the Act was proposed, how the Act affects 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 understanding how regulators will enforce the Act provides attendees with the skills, knowledge, and information they need to ensure that their financial institution complies with the requirements of the Act.
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$200.00
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