Mountain View, CA, November 19, 2019 – Guardian Analytics, the market leader in real-time behavioral analytics and machine learning solutions for banking payment fraud detection, anti-money laundering, and enterprise B2B portal fraud, today announced an upcoming executive webinar with RegSmart, the leader in best-in-class automated BSA/AML risk assessments and audits.
Financial Institutions willing to take the risk of banking marijuana-related businesses need to implement stringent KYC and restrictions on types of accounts and transactions used. Experts from RegSmart and Guardian Analytics will demonstrate this process using configurable transaction monitoring rules with key word list to identify marijuana related transactions and detect marijuana related businesses. Leveraging prefilled SAR forms, users can quickly file SARs to FinCEN through a VPN, automating your risk assessment update, while generating a report for your board of directors with Guardian Analytics AML Evidence Lake™ integration with RegSmart.
“Taking the plunge to serve the marijuana industry requires an onboarding process that ensurse all related local and state laws are allowed to operate for these types of accounts and the potential account holder is compliant to local guidelines,” said Eric Tran-Le, Vice President of Product Management at Guardian Analytics. “Guardian Analytics AML Evidence Lake has the unique capability to easily detect and monitor marijuana/cannabis related transactions with key word list and configurable rules, and generate risk assessment reports with integration with RegSmart.”
“Money laundering and terrorist financing prevention and compliance continues to become more complex. The combination of Guardian Analytics AML Evidence Lake’s state-of-the-art transaction monitoring systems and RegSmart’s best-in-class automated BSA/AML institutional risk analysis, makes risk management simultaneously more effective and less expensive. We are thrilled to offer our technology to Guardian Analytics customers,” said Mark Stetler, CEO of RegSmart.
To reserve your spot for the live webinar, please see details below.
Live Webinar: Detecting and Reporting on Marijuana/Cannabis Related Businesses
Speakers: Matt Lau, CAMS, Product Manager at Guardian Analytics and Mark Stetler, CEO of RegSmart
Date: Thursday, December 12th
Time: 11am PST
Register: Click here
About Guardian Analytics®
Guardian Analytics is the pioneer and leading provider of behavioral analytics and machine learning solutions for preventing banking fraud and anti-money laundering. Hundreds of financial institutions have standardized on Guardian Analytics’ innovative solutions to mitigate fraud risk and rely on the company to stop the sophisticated criminal attacks targeting retail and commercial banking clients. With Guardian Analytics, financial institutions build trust, increase competitiveness, improve their customer experience, and scale operations. Guardian Analytics is privately held and based in Mountain View, CA. For more information, please visit www.GuardianAnalytics.com.
Guardian Analytics is a registered trademark of Guardian Analytics, Inc.
RegSmart offers the best-in-class automated BSA/AML risk assessment SaaS. Supported by subject matter experts, RegSmart collects data with intuitive wizards and stores that data for regulatory compliance and change management. RegSmart delivers complete, plain language reports with actionable intelligence. For more information, please visit www.beregsmart.com.
Media contact: Choua Wu