BANKING
A standardized risk-based approach to banking
Services for Financial institutions
Financial institutions face a multitude of challenges in today’s rapidly changing landscape, including a wide range of regulations such as anti-money laundering and data protection laws. Failing to comply with these regulations can result in significant fines and unpredictability.
Our team at A7 advisors understands the unique compliance and risk management needs of
financial institutions, from community and regional banks to credit unions. We have in-depth industry knowledge and take a proactive, consultative approach to help you navigate these complex issues and achieve stability and growth.
We offer a range of review and advisory services, including:
- Anti-Money Laundering (AML) and financial institutions regulatory compliance
- Know Your Customer (KYC) due diligence tailored to your specific customer and product
segments - Sanctions breach risk mitigation strategies
- Fraud and corruption detection and prevention in customer transactions
- Reporting of suspicious activities to relevant authorities
- Improving systems and controls to identify and mitigate risks
- Providing compliance staff with proper training and resources
- Cross-border regulation compliance management
- Implementation of a compliance management system
- Customer risk assessment and monitoring enhancements.
We strive to be a trusted advisor for our clients, helping you make informed decisions in an ever-changing financial landscape. By addressing these high-risk issues, financial institutions can maintain stability and protect their customers.
Cannabis Banking
A7 Advisors provides an array of services for businesses operating in higher-risk industries.
A7 assists the following providers to the cannabis industry:
- Banks
- Credit unions
- Casinos and card clubs
- Money services businesses
- Loan or finance companies
A7’s practice is led by managing director Brion Nazzaro who is president of the Association of Certified Commercial Cannabis Experts.
A7 is a thought leader with ACCCE, and takes a standardized risk-based approach, in line with FFIEC, FinCEN, IRS, and other recognized regulators and risk management standards.
Our hands-on approach will help you tailor company documents to your risk strategy and appetite.
If you would like to learn more about A7’s approach to cannabis banking, please book a call.
A7 Advisors specializes in risk-based approaches to regulatory, AML, and sanctions compliance for Financial Institutions (FI) and Non-Bank Financial Institutions (NBFI), including FinTechs, MSBs, and gaming. Our clients include publicly traded and multinational companies up to $5 billion in valuation.
Our
Services
Cannabis banking is an emerging industry to financial institutions.
Having a knowledgeable partner who understands BSA across high-risk industries and understands FFIEC guidance on independence and insurance is crucial to demonstrating your well-designed cannabis banking program. A7 Services include:
- Cannabis banking independent AML reviews
- Targeted risk assessments and risk profiles for banking cannabis operators
- Cannabis banking program advisory
