Detecting and Reporting on Marijuana/Cannabis Related Businesses

Presented by

Matthew Lau, CAMS, Product Manager, Guardian Analytics, Mark Stetler, CEO, RegSmart

About this talk

Financial Institutions willing to take the risk of banking marijuana-related businesses need to implement stringent KYC and restrictions on types of accounts and transactions used. Experts from RegSmart and Guardian Analytics will demonstrate this process using configurable transaction monitoring rules with key word list to identify marijuana related transactions and detect marijuana related businesses. Leveraging prefilled SAR forms, users can quickly file SARs to FinCEN through a VPN, automating your risk assessment update, while generating a report for your board of directors with Guardian Analytics AML Evidence Lake™ integration with RegSmart.

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Guardian Analytics fights modern crime with a modern platform. We are the pioneer and leading provider of behavioral analytics and machine learning solutions for fraud detection and anti-money laundering software for financial institutions and enterprise organizations. Our solutions include Digital Banking Fraud Detection for Mobile and Online, Real-Time Payment Fraud Detection for Wire and ACH. Anti-Money-Laundering solutions that include Link Analysis and FinCEN reporting, addressing AML compliance requirements on a single platform, streamlining the case filing process. Hundreds of financial institutions have standardized on Guardian Analytics’ innovative solutions to mitigate fraud risk and stop the sophisticated criminal attacks targeting retail, commercial, and enterprise banking clients. With Guardian Analytics, financial institutions build trust, increase competitiveness, improve their customer experience, enhance compliance and scale operations. Guardian Analytics is privately held and based in Mountain View, CA. For more information, please visit Guardian Analytics is a registered trademark of Guardian Analytics, Inc