Cannabis Software for Banks & Financial Institutions
The CanPass™ software provides banks and financial institutions with the technology to service cannabis related businesses (CRB.) , while staying consistent with their Bank Secrecy Act (BSA) and Financial Crimes Enforcement Network (FinCEN) obligations. Utilizing CanPass, financial institutions are able to monitor and audit CRB transactions in real-time, ensuring complete transparency. CanPass can significantly reduce the barrier of entry for financial institutions to start servicing the cannabis industry.
State of the Art Compliance Platform for Banks Serving the Cannabis Industry
CanPass™ is a Service as a Software (SaaS) blockchain application that empowers Banks, Credit Unions, and financial institutions to service the cannabis industry. CanPass adheres to the stern regulations and compliance protocols that the Cannabis industry requires, providing banks with a comprehensive compliance and real-time auditing platform.
Providing an audit and discovery procedure for banks and financial institutions servicing cannabis businesses.
Verify account holders are only transacting with licensed cannabis businesses.
A transparent ecosystem for cannabis organizations to share data with their banking partners to ensure a compliance.
FinCEN & BSA Requirements
Monitor transactions in real-time and file Suspicious Activity Report (SAR) on any questionable activity as required by FinCEN and BSA.
Utilizing CanPass, banks and financial institutions are able to oversee all financial transactions of Cannabis industry account holders, including B2B and consumer purchases.
Financial Industry Solutions
Cangea offers solutions for banks, credit unions, lenders, and other financial institutions. Whether you are a local, state or national organization, our technology can assist in servicing the cannabis industry.
We understand that each organization has different needs. CanPass™ can be tailored to meet the specific needs of your industry and customized to meet your unique compliance requirements.