We’re very excited to announce our new partnership with Integrated Compliance Solutions. ICS leverages their BSA (Bank Secrecy Act) software application to provide a complete SEED-TO-BANK™ regulatory solution to meet the need of financial institutions. It is their mission is to provide legitimate financial services and solutions for marijuana businesses while reducing the risks and overhead associated with these high-risk accounts.
U.S. Treasury’s Financial Crimes Enforcement Network (FinCEN) reported that 633 institutions were actively engaged in banking CRBs, up from 411 just 12 months earlier. We believe that there is a legitimate path, via radical transparency, to enable financial institutions to safely engage in this emerging industry.
ICS will be utilizing the Trust Exchange platform to provide the enhanced due diligence component to their services.
If you would like further information regarding how we can help your institution with cannabis compliance, please contact us HERE.