Show Notes
Episode 82
Carrie Gilbert, Blue Sky Bank
In this episode of Bank Matters, host, Linsey Hugueley and Carrie Gilbert, BSA officer of Blue Sky Bank, discuss the complexities of banking marijuana-related businesses (MRBs) under the Bank Secrecy Act (BSA). They explore the outdated guidance from federal regulators, the challenges of aligning state and federal regulations, and the extensive due diligence required for onboarding cannabis customers. Carrie shares insights into the onboarding process, transaction reviews, and the importance of having robust procedures in place. They also touch on the significance of networking within the cannabis banking community and conclude with advice for BSA professionals to not hesitate in asking questions to ensure compliance and service quality
The views expressed in the Banking Matters Podcast are those of the speakers and do not necessarily reflect the position of Compliance Alliance or its affiliates.*
