Mission Statement:
eCannaPay’s mission is to match well-established, proven payment processing, regulatory compliance and banking services to our licensed Hemp/CBD industry clients thereby reducing the risk of violent crime, illegal money laundering and violation of various State and Federal Hemp/CBD Laws. eCannaPay consults only for licensed Hemp/CBD Producers, Processors and Retailers.
eCannaPay is Synonymous with Compliance:
eCannaPay's Consultants works with a premiere compliance companies with proprietary BSA/AML Compliance Programs custom tailored to the Hemp/CBD industry in all states that have legalized it and take responsibility for all regulatory compliance. This includes conducting rigorous compliance assessments, BSA/AML compliance, "Know Your Customer" due diligence, transaction due diligence, filing currency transaction reports (CTRs) and filing Limited Suspicious Activity Reports (SARs).
States and city's support these payment processing system because it reduces the risk of violent crime, ensures BSA/AML compliance, and reinforces I-502 compliance. The Director of Banks of the DFI believes that financial institutions providing banking services to satisfy their BSA/AML compliance obligations by conducting their due diligence ..
eCannaPay’ Consultation for E-Payment Services:
Payment processing solution that provides the following benefits to its account holders:
• Virtually guarantees its PPR clients get bank accounts because of BSA/AML Compliance Program.
• Allows Hemp/CBD retailers to pay producers/processors for inventory electronically so that no cash need trade hands.
• Allows Hemp/CBD producers/processors to ensure that the retailer has set aside (in an escrow-type account) the funds need to pay for inventory being shipped to the retailer before the inventory even leaves the producer/processor’s facility.
• Provides armored car cash pickup services to Producers, Processors and Retailers so they are not storing large sums of cash on site and are not carrying "bags" of cash to the bank.
• Allows Producers, Processors and Retailers to pay taxes electronically, thereby eliminating the need to drive to the tax offices with large sums of cash.
• Allows Producers, Processors and Retailers to pay their bills electronically via online bill-pay.
• Allows Hemp/CBD consumers to pay for Hemp/CBD electronically using either a smartphone app or a physical Card.
The Bottom Line:
• The system ensures BSA/AML compliance and prevents money laundering.
• This takes the cash "out of the system," thereby reducing the risk of violent crime.
• This brings well established business practices to Producers, Processors and Retailers and strengthens compliance.
eCannaPay’s mission is to match well-established, proven payment processing, regulatory compliance and banking services to our licensed Hemp/CBD industry clients thereby reducing the risk of violent crime, illegal money laundering and violation of various State and Federal Hemp/CBD Laws. eCannaPay consults only for licensed Hemp/CBD Producers, Processors and Retailers.
eCannaPay is Synonymous with Compliance:
eCannaPay's Consultants works with a premiere compliance companies with proprietary BSA/AML Compliance Programs custom tailored to the Hemp/CBD industry in all states that have legalized it and take responsibility for all regulatory compliance. This includes conducting rigorous compliance assessments, BSA/AML compliance, "Know Your Customer" due diligence, transaction due diligence, filing currency transaction reports (CTRs) and filing Limited Suspicious Activity Reports (SARs).
States and city's support these payment processing system because it reduces the risk of violent crime, ensures BSA/AML compliance, and reinforces I-502 compliance. The Director of Banks of the DFI believes that financial institutions providing banking services to satisfy their BSA/AML compliance obligations by conducting their due diligence ..
eCannaPay’ Consultation for E-Payment Services:
Payment processing solution that provides the following benefits to its account holders:
• Virtually guarantees its PPR clients get bank accounts because of BSA/AML Compliance Program.
• Allows Hemp/CBD retailers to pay producers/processors for inventory electronically so that no cash need trade hands.
• Allows Hemp/CBD producers/processors to ensure that the retailer has set aside (in an escrow-type account) the funds need to pay for inventory being shipped to the retailer before the inventory even leaves the producer/processor’s facility.
• Provides armored car cash pickup services to Producers, Processors and Retailers so they are not storing large sums of cash on site and are not carrying "bags" of cash to the bank.
• Allows Producers, Processors and Retailers to pay taxes electronically, thereby eliminating the need to drive to the tax offices with large sums of cash.
• Allows Producers, Processors and Retailers to pay their bills electronically via online bill-pay.
• Allows Hemp/CBD consumers to pay for Hemp/CBD electronically using either a smartphone app or a physical Card.
The Bottom Line:
• The system ensures BSA/AML compliance and prevents money laundering.
• This takes the cash "out of the system," thereby reducing the risk of violent crime.
• This brings well established business practices to Producers, Processors and Retailers and strengthens compliance.