Legitimate, compliantly operating cannabis businesses should be profitable clients to the banking community. LinkToBanking offers both industries support to develop the understanding trust necessary to build sound banking relationships.
(PRWEB) March 26, 2015
LinkToBanking, a Preferred Partner Network for the cannabis and banking industries, names Tom Fleming as Chairman of the Board and Robert Casares as Vice-Chairman of the Board, effective immediately. With their combined knowledge and experience in regulatory compliance and the financial services industry, Mr. Fleming and Mr. Casares will provide exceptional guidance on how to facilitate banking services to cannabis related businesses.
About Tom Fleming
Mr. Fleming, CAMS, has over 48-years’ experience in both the financial services industry and Bank Secrecy Act/Anti-Money Laundering (BSA/AML) compliance. Most recently, he was the Assistant Director for the Office of Compliance at the Financial Crimes Enforcement Network (FinCEN), responsible for ensuring industry compliance with the Bank Secrecy Act through active partnerships with regulatory and law enforcement agencies as well as financial institution trade associations. During his government career, Mr. Fleming was recognized as an expert and authoritative speaker on BSA/AML issues and has spoken extensively on these matters to audiences throughout the U.S. and abroad over the last 20 years. In 2013 Mr. Fleming, a Certified Ant-Money Laundering Specialist (CAMS), founded Tom Fleming & Associates, LLC, BSA/AML Compliance Consultants.
“In order for the banking industry to feel comfortable offering banking services to cannabis businesses they need a good understanding of the cannabis customer and confirmation that cannabis businesses are as concerned about abuse by criminal elements as the banks are,” states Mr. Fleming. “Legitimate, compliantly operating cannabis businesses should be profitable clients to the banking community. LinkToBanking offers both industries support to develop the understanding trust necessary to build sound banking relationships.”
About Robert Casares
Mr. Casares, CAMS, has a comprehensive background in financial crime risk management, compliance, banking, and information technology. He is a Certified Anti-Money Laundering Specialist (CAMS) with a proven track record of solid fraud prevention services. His experience in conducting multiple high profile fraud investigations with members of Secret Service, FBI, and IRS Criminal Investigations has resulted in positive identification of merchant breaches and other significant fraud activity throughout his career.
He’s currently the President and Founder of SentryNet LLC where he provides Financial Crime Risk Management consulting services to financial institutions nationwide. Mr. Casares’ years of experience in information technology, banking and Financial Crime Risk Management offers the perfect blend of skill sets for his role in LinkToBanking.
“Banks are constantly faced with significant challenges due to fraud and money laundering concerns,” states Mr. Casares. “LinkToBanking will provide the tools and the data necessary for banks to keep a pulse on the day to day cannabis activity through their existing BSA/AML systems. This will allow the banks to foster a trusting relationship with the cannabis industry, in providing them financial services if they choose to enter this space.”
LinkToBanking is a Preferred Partner Network for the cannabis and banking industries. It was established in order to help cannabis businesses obtain full banking solutions with Preferred Partner Banks. LinkToBanking facilitates a direct path to regulatory compliance for dispensaries, cultivation and processing facilities. Banks can rely on enhanced due diligence through prescreening services and that cannabis business operations are trustworthy when the software, hardware, cash-security services, and compliance services are provided through the LinkToBanking Preferred Partner Network.
For more information, call (720) 501-2244 or visit LinkToBanking.com.