West Coast AML Services has provided consultations to the most significant cannabis-related risk management programs in the nation. We help ensure our clients venture successfully into this emerging market.

Our Services

We do not provide services to the cannabis industry.


West Coast AML Services was founded to manage the unique challenges of banking state-licensed marijuana-related businesses* (MRBs) and minimize the possibility of prosecution under federal money laundering statutes (18 U.S.C. §§ 1956 and 1957) and regulatory enforcement actions. We prepare risk assessments focused on U.S. Department of Justice enforcement priorities and create the structure, policies, procedures and controls of risk management programs within the context of BSA/AML compliance specific to marijuana-related businesses. We recommend enhancements to existing programs, tailor training for BSA officers and senior management, and advise the Board on oversight.

RISK ASSESSMENTS /
BOARD PRESENTATIONS

PROGRAM DEVELOPMENT

EXAMINATION SUPPORT

SPECIALIZED TRAINING

Meet Our Strategic Partners

  • Legal Counsel well-versed with the many risk issues associated with banking the marijuana industry.
  • Purpose Built Compliance Platforms that far exceed regulatory expectations and shield the integrity of the financial sector.
  • External Audit and Testing for pilot programs and portfolios.
  • Cash in Transit Services providers skilled with managing unique BSA reputational risks associated with MRB banking.

Identify, Evaluate and Manage Risks

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: Fraud Examiner (CFE), Public Accountant (CPA), and Forensic Interviewer (CFI).

West Coast AML Services has assisted us with our high-risk cannabis portfolio for years. They have provided invaluable insights, without which, we would not have understood how to successfully improve our risk mitigation. Training they provide is outside the mainstream BSA training available and has assisted us with being far more effective managing our high-risk portfolio.

Sundie Seefried

CEO
Safe Harbor Financial
Partner Colorado Credit Union
Denver, Colorado

$11+ billion in cannabis-related transactions with $4 billion in 2021

Testimonials


The black-market is out of control. In California and Oregon members of Congress have requested that the federal government intervene. Illicit activity will continue and spread across the United States as more states legalize marijuana. Is your compliance program appropriately crafted to identify and mitigate Narco-slavery, marijuana-related public corruption, black-market sales by licensed-entities, and other emerging threats and enforcement priorities of the U.S. Department of Justice? While most financial institutions concentrate on the "Cole" priorities, West Coast AML Services' clients are properly focused on all marijuana-related criminal conduct.

Terry M. Neeley

Founder / Managing Director

Contact Business Operations


Let's talk about the many ways we can be of assistance to you.

info@wcamls.com