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

West Coast AML Services does not provide services to the cannabis industry. Our expertise is in managing complex risks under the Bank Secrecy Act and federal money laundering statutes to minimize the risk of federal prosecution and regulatory enforcement actions. We help keep our clients from running afoul of the Department of Justice, FinCEN and regulators.



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).


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.

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.

Terry M. Neeley
Founder / Managing Director


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Areas of Operation


West Coast

  • California
  • Oregon
  • Washington
  • Arizona
  • Hawaii
  • Nevada

Central

  • Colorado
  • Michigan
  • New Mexico
  • Illinois

East Coast

  • Massachusetts
  • New Jersey
  • Florida

Risk Management

“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." - The U.S. Attorney for the District of Colorado, October 2018



District of Massachusetts


  • The U.S. Attorney for the District of Massachusetts anticipates focusing his office’s 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.“

District of Oregon


  • The U.S. Attorney for the District of Oregon said 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.

District of Colorado


  • The U.S. Attorney for the District of Colorado and its law enforcement partners, including federal Drug Enforcement Administration agents and scores of Colorado drug task force members, are mobilizing against licensed marijuana dispensaries in urban parts of Colorado, including some that use million-dollar homes in the Denver metro area as grow houses. Some are doing business with international drug cartels from Cuba, China and Mexico.

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