Recorded: August 11, 2015

Length: 60 Minutes

The Department of Justice and various bank regulators have raised the bar on expectations for bankers and their relationships with third-party payment processors, money service businesses and merchants in the cannabis, debt settlement and adult entertainment industries. The scope of the regulatory response to these types of businesses has implications for many bankers who have sought to mitigate risk by terminating such high-risk customers. These heightened requirements are coming at a time when ACH and other processing is a growing aspect of bank operations. Community bankers must understand these new requirements as our payment system becomes more and more electronic.

This 60- minute webinar will address the interaction of bank and customer compliance management systems (CMS). During this session we will cover regulatory expectations, the evolution of CMS to meet those expectations, what customers must do to enable banks to meet their obligations and ramifications, and how banks are converting these new compliance burdens into increased profits.

Speaker: Peter Weinstock

Peter Weinstock, Co-Practice Group Leader of the national firm of Hunton & Williams. Peter's practice focuses on corporate and regulatory representation of small ($10-15 million) to mid-size (several billion dollars) financial institutions.

1 CPE Credit

Program Level: Basic-Intermediate

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