Financial Institution MRB Related Solutions

 

Unique Solutions only offered by GreenAML:  We will provide and license our patented methods required to bank the entire Legal Marijuana Ecosystem and Industry:

  • GreenAML CRB CRM an integrated online platform to manage your MRB/CRB portfolio

    • Robotic & workflow process automation

    • Included or stand-alone Negative News Module

    • Outsourced Site Visits & “pre-SAR” preparation

    • Fully documented MRB Program in real-time

    • Fully customizable ‘red flags” with workflow automation

  • Full development of a program for banking Marijuana Related Businesses utilizing our patent pending / copyrighted examples as a starting point including:

  • Situation analysis and best practices for all Governance Risk & Compliance

  • MRB Product Risk Assessment [above and beyond BSA/AML, including strategic risks, credit risk, strategic partner assessments, market risk, regulatory risks (including details by state), transaction/operational risk (including staffing these highly cash intensive businesses), legal/compliance risk, and reputation risk]

  • Bank Secrecy Act Program Updates

    • MMJ Product Risk Assessment & Profitability Analysis

    • Enterprise BSA/AML/CIP/OFAC Risk Assessments

    • BSA/AML Policy

    • Customer Due Diligence / Enhanced Due Diligence customer on-boarding procedures

    • Ongoing monitoring procedures and analysis, including specialized ongoing SAR reporting requirements

    • Training for all employees related to these new higher risk cash intensive customers

  • Co-sourced Quarterly Monitoring & required SAR preparation support & QC reviews

  • Outsourced high risk customer site visits to Marijuana Related Businesses

  • Guaranteed Regulatory Examination support and coaching

  • 24-7 On-Call expertise and management consulting

Value Proposition:  Achieve 2015 strategic imperatives, and exceed 2015 budget projections

  • Reduce Cost of Funds: Tap the hydrant of non-interest bearing sticky core deposits

  • Exceed Fee Income budget figures (the current environment will allow almost ANY fees)

  • Increase ROA, branch, and employee utilization

    • Turn Compliance & BSA departments into revenue producers

  • Meet the financial needs of small businesses in your communities (CRA)

    • Selectively include the entire supply chain into the program to gain efficiency and transparency

  • We have knowledge of nationwide trends, bank & electronic payment pricing, due diligence requirements and great industry specific knowledge