• Review existing BSA/AML compliance program, policies and procedures and recommend enhancements to enable provision of services to cannabis-related clients.

  • Recommend enhancements to the bank’s customer due diligence and enhanced due diligence.

  • Recommend enhancements to Customer Identification Programs.

  • Recommend enhancements to transaction monitoring.

  • Assist in the development of educational programs for cannabis-related clients.

  • Conduct a complete data validation of the bank’s core banking system and existing BSA/AML system in order to prepare the bank for the integration of the dispensary transaction data.

  • Recommend enhancements to rule sets and parameters within the bank’s BSA/AML system in order to comply with FinCEN guidance as it relates to the dispensaries.

  • Testing and validation of data once the successful integration of the dispensary data is complete.

“In order for the banking industry to feel comfortable offering banking services to cannabis businesses they need a good understanding of the cannabis customer and confirmation that cannabis businesses are as concerned about abuse by criminal elements as the banks. Legitimate, compliantly operating cannabis businesses should be profitable clients to the banking community. Link to Banking offers both industries support to develop the understanding trust necessary to build sound banking relationships.”

Tom FlemingChairman of the Board, Link to Banking

“Banks are constantly faced with significant challenges due to fraud and money laundering concerns. Link to Banking provides the tools and the data necessary for banks to keep a pulse on the day to day cannabis activity through their existing BSA/AML systems. This will allow the banks to foster a trusting relationship with the cannabis industry, in providing them financial services if they choose to enter this space.”

Robert CasaresPresident and Co-Founder, Link to Banking