West Coast AML Services
High-Risk Compliance Specialists

West Coast AML Services is a Bank Secrecy Act/Anti-Money Laundering risk management firm committed to the safety, soundness, and reputational integrity of financial institutions banking the state-legal cannabis industry.

Our Services

We do not provide services to the cannabis industry. West Coast AML Services was created to manage the unique challenges of banking state-licensed MRBs and minimize the possibility of prosecution under federal money laundering statutes (18 U.S.C. §§ 1956 and 1957) and regulatory enforcement actions. We are committed to protecting the safety, soundness and reputational integrity of financial institutions that are developing compliance programs consistent with federal guidelines and enforcement priorities. Our work has withstood federal and state regulatory examinations.



Ancillary Risk Management

Specialized Training

Subject Matter Expertise

Significant Enforcement Events

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Leadership

Our team brings a wealth of knowledge and expertise to the table with varying backgrounds in Federal law enforcement, banking, compliance and certifications including: Anti-Money Laundering Specialist (CAMS), Fraud Examiner (CFE), Public Accountant (CPA), and Forensic Interviewer (CFI).


“If they have rigorous compliancy all I can really say is they are less likely to get our attention, but I can’t go out and tell banks if you have rigorous compliance, you have immunity.”

United States Attorney for the District of Colorado
October 2018


Risk Management

It is expected that the Department of Justice will continue to assess the quality and effectiveness of state and local regulatory and law enforcement environments when creating targeting priorities. Keep in mind, FinCEN's guidance clarifying BSA/AML expectations for financial institutions providing services to state-regulated MRBs does not alter any provision of the BSA, including the criminal penalties provided for in 31 U.S.C. Section 5322 and 31 C.F.R. Section 1010.840.


United States Attorney
Central District of California


In states that have decriminalized marijuana, we have seen an influx of foreign money used to establish grow operations, with much of the marijuana being destined for out-of-state consumers.

United States Attorney
District of Oregon


The recent HIDTA Insight Report on marijuana production, distribution, and consumption in Oregon confirms what we already know—it is out of control. Overproduction is rampant and the illegal transport of product out of state—a violation of both state and federal law—continues unchecked.

United States Attorney
District of Massachusetts


We Anticipate focusing marijuana enforcement efforts on overproduction, targeted sales to minors and organized crime and interstate transportation of drug proceeds. To that end, federal investigators will continue to police the Commonwealth for incoming or outgoing shipments of cash as well as use of the federal banking system.

For states such as California that have enacted laws to authorize the production, distribution and possession of marijuana, the Department of Justice expectation is that these states would establish strict regulatory schemes that protect the federal enforcement priorities. Based on assurances that those states will impose an appropriately strict regulatory system, the Department deferred its right to challenge their legalization laws. But if any of the stated harms do materialize—either despite a strict regulatory scheme or because of the lack of one—federal prosecutors will act aggressively to bring individual prosecutions focused on federal enforcement priorities and the Department may challenge the regulatory scheme themselves in these states.

Terry M. Neeley
Founder / Managing Director

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