Serving the cannabis industry presents a substantial opportunity for financial institutions. Cost-effective compliance is the key to making the most of this opportunity. PayQwick is your compliance partner.
Serving the cannabis industry presents a substantial opportunity for financial institutions.
Banks / Credit Unions & PayQwick
Your Compliance Partner
- Enhanced Customer Due Diligence: PayQwick conducts extensive BSA/AML Know Your Customer due diligence, both when on-boarding new clients and then periodically through the year. The results are shared with PayQwick's and the customer’s financial institution.
- Enhanced Transaction Due Diligence: PayQwick continuously monitors cannabis transactions for “Red Flags” and shares its finding with PayQwick's and the customer’s financial institution.
- FinCEN Filing: PayQwick files CTRs, “Marijuana Limited,” “Marijuana Priority” and “Marijuana Termination” SARs as appropriate.
- Joint Marketing: Enhance your bottom line with PayQwick’s joint marketing program.
Go With The Proven Leader
PayQwick’s BSA/AML Compliance Program has been reviewed multiple times by the NCUA and the FDIC as part of PayQwick’s bank’s Safety & Soundness and IT Exams. Take advantage of the growing opportunity in the cannabis industry in a safe and cost-effective manner with PayQwick as your compliance partner.