Safe Harbor for Financial Institutions


For Banks & Credit Unions

“If only there were a practical way for us to provide financial services to the cannabis industry.”

With the Safe Harbor Program, there is.

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Are you a cannabis-related business? Check out Safe Harbor for Business

The Safe Harbor Program is the nation’s first and only service-based program that specializes in helping financial institutions provide business banking to cannabis-related businesses (CRBs). We provide solutions for the due diligence, monitoring and reporting issues that are typical barriers to establishing a banking relationship that follows FinCEN guidelines.

Better business practices.

Safer communities. It’s bigger than banking.

The Safe Harbor Program approach is simple.

  • We conduct the necessary due diligence on potential CRB customers.

  • We market your services through the Safe Harbor Program.

  • We provide an automated transaction monitoring and reporting solution.

  • We incorporate ongoing independent program reviews.

  • You receive a simplified, secure way to extend your reach to the multibillion-dollar cannabis industry.

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Features & Benefits

What the Safe Harbor Program provides:

  • CRB customers who desire a direct banking relationship and have gone through a stringent due diligence process that follows Know Your Customer (KYC) guidelines
  • Automated Bank Secrecy Act (BSA) and transaction monitoring with built-in red flag alerts
  • Technology that provides complete program management via a secure electronic platform
  • A cannabis-industry-optimized, proprietary BSA calculator that helps quantify the risks associated with each CRB
  • Comprehensive initial and ongoing staff training
  • Lead generation through program-based marketing and sales initiatives
  • Ongoing internal program audits performed by an independent CPA firm
  • System-generated reporting documentation
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The Safe Harbor Platform

Secure platform-based program management

The Safe Harbor Program leverages a proprietary, secure, electronic platform that streamlines the process of onboarding new cannabis-related business (CRB) accounts and automates reporting and FinCEN requirements for financial institutions. The Safe Harbor Platform helps keep your financial institution compliant with the Department of Justice’s and FinCEN’s guidance for providing financial services. This allows your financial institution to retain control and ensure compliance while embracing the booming yet underserved CRB customer market.

The Safe Harbor Platform provides you with:

  • An easy-to-use dashboard with tools to review application progress, monitor activity and generate regulatory reports
  • Real-time monitoring of document uploads for new CRB customers during onboarding
  • Relationship managers to help review each CRB application
  • Risk quantification through BSA calculator built around more than three years of industry data
  • Online chat features
  • Constant status tracking and automated alerts for license renewals, state filings and key service provider contracts
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Become a Safe Harbor Program Partner today

With the Safe Harbor Program helping manage the due diligence, monitoring and reporting requirements that are typical barriers, we make it effective for you to provide banking services to CRBs. The sooner you become a Safe Harbor partner, the greater your opportunity to capture early market share and gain access to a variety of additional revenue streams. You also increase your market position as a go-to industry leader in your state as well as nationally.

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