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