Banking Solutions

CANNATRAC IS DEDICATED TO REDUCING THE REGULATORY BURDEN ON FINANCIAL INSTITUTIONS!

The need for the Cannabis Industry to have comprehensive banking privileges is critical to the safety and health of a community.  An all cash industry is dangerous, reckless, and lacks the transparency for financial institutions to consider banking this multi-Billion dollar industry. 

We developed a fully transparent vetting process, to Qualify, Verify and Satisfy regulatory compliance.  Our compliance procedures include, but are not limited to, the Bank Secrecy Act (BSA), Anti-Money Laundering Regulations (AML), Financial Crimes Enforcement Network Guidelines (FinCEN), and the memorandum formerly known as the Cole Memo. 

Some of the features and benefits of the CannaTrac System include:

  • Traceability of ALL financial transactions processed through our proprietary network, which are accessible in real-time and available to financial institution for oversight of their cannabis industry accounts 

  • Provide complete fiscal visibility and surveillance, CannaTrac's system is the safest, most efficient and effective way to generate reports that support requirements mandated by FDIC, Financial Crimes Enforcement Division (FinCEN) and the FFIEC (Federal Financial Institutions Examination Council)

  • Financial Institutions will be able to acquire market share without increasing their overhead and regulatory risk assessment.

Financial Institutions that are currently or have a desire in the future to service accounts associated with legal medical or recreational cannabis related dollars should not be without CannaTrac.

 


Please call us at 844-CANNATRAC or email us at info@cannatrac.com to see how CannaTrac Technology can assist your financial institution and Compliance Officers in satisfying regulation requirements.

 


Possessing, using, distributing & selling marijuana are all federal crimes in the United States of America and the articles, pages, links, and other types of information on this site are not intended to assist you in violating federal law or proposing that you should do so. CannaTrac.com and TheCannaCard.com associated entities and individuals are not responsible for third party content and/or links published on our website or App.