Detect CRBs/MRBs and Ensure Compliance

BSA/AML Solutions for Cannabis Banking

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Tracking CRBs/MRBs

Evaluating CRB banking for
your institution's risk profile.

In Abrigo's recent industry survey of 300+ financial institutions, 33% stated they are currently providing services to CRBs or are considering banking CRBs. Whether or not your institution plans on banking cannabis- or marijuana-related businesses (CRBs/MRBs), our CRB solutions help you navigate the complexities of this ever-changing industry.

Compliance While Banking CRBs

Although cannabis is now legal – either medically or recreationally – in the majority of states today, it remains illegal on a federal level, hamstringing cannabis-related businesses (CRBs) from accessing traditional financial accounts. As more states continue legalizing cannabis, the onus is on financial institutions to complete thorough due diligence and know their customers/members that cross state lines for services.

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Cannabis Banking Made Easy
Start-to-Finish Support for Cannabis Banking​

Whether you're just deciding how your institution wants to handle CRBs, or you're ready to provide services to this industry, Abrigo is your partner during every step of this process.​ Learn how our systems and workflows for handling CRBs can help you reduce risk and keep regulators happy.

        

Abrigo Services

Establish Your CRB Policies

Is your institution deciding to bank, or not bank, CRBs/MRBs? Abrigo's Advisory Services experts help you create clear guidelines and identify gaps or potential areas of improvement to your program. Our team will work to ensure the proper mitigating controls are in place to help you stay in compliance.

Speak With An Advisor

Watchlist Scanning

CRB Due Diligence

With the laws and regulations regarding cannabis changing at the state level, do you really know your customers/members as well as you think?

Our CRB Watchlist Scanning, part of BAM+ Scan, allows you to use the power of NominoData to scan against state-licensed cannabis dispensaries, ensuring you truly know who you're banking.


See It In Action

CRB Scenarios

Ongoing Detection and Monitoring 

Help ensure all transactions are legitimate by finding unidentified CRBs in both new and existing customers/members.

With BAM+ CRB Scenarios, your transactions will be scanned weekly against four different scenarios intended to alert you to potentially suspicious activity resulting from unidentified cannabis-related businesses.

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Scalable Cannabis Banking

Safely Service CRBs and MRBs

Launch your cannabis banking program with software and regulatory expertise from Abrigo and Green Check Verified and take advantage of the new opportunities for growth related to banking cannabis-related businesses.

Reduce the risk of servicing CRBs if you move forward with providing financial services to this high-growth industry.

 

Talk to an expert

Abrigo is your steady partner in the ever-changing cannabis regulatory landscape.
Learn how abrigo can help
Software Solutions and Expert Assistance
The support you need to service
cannabis-related businesses.

How are you actively monitoring to ensure you don't unknowingly have a CRB hidden in your customer base? From automated monitoring with BAM+ CRB Scenarios to identifying gaps or potential areas of improvements in your BSA/AML policies and procedures, we can help you stay in compliance.  

BSA/AML Software

Abrigo’s BSA/AML solution BAM+ contains a wide variety of scenarios that allow you to detect, monitor, and investigate suspicious activity within your customer base. With BAM+, you'll benefit from better detection and faster resolution of the truly suspicious activity in your institution.

 

Resources

5 Myths to Banking Cannabis-Related Businesses (CRBs)

Blog - Stay up to date on Banking CRBs
Laws around CRBs are ever-changing. Whether you bank CRBs or not there are constant gray areas to address to remain compliant.

read blog

Determining Whether or Not to Bank CRBs

Checklist - Risk Assessment Questions
Learn aspects to consider and questions to ask if you are planning on banking CBD, hemp, or marijuana.

download checklist

Banking Cannabis-Related Businesses and Managing Risk

Webinar - Key Terms and Best Practices
Gain insight on how to manage regulatory compliance and maintain a risk-based program, should your institution decide to bank CRBs.

Watch on-demand

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Banker’s Toolbox is now Abrigo, giving you a single source for all your enterprise risk management needs. Use the login button here, or the link in the top navigation, to log in to Banker’s Toolbox Community Online.

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