We simplify the 
CRB OPPORTUNITY

Safe Harbor Financial streamlines the way to effectively and profitably provide, banking services to CRBs. From due diligence to monitoring and reporting requirements we make it easy.

Learn More »

Why Safe Harbor Financial?

  • 6+ years unparalleled cannabis banking experience
  • Program refined by 14 state and federal exams
  • Experienced cannabis banking professionals
  • Hundreds of hours honing the program
  • Processed in excess of $8+ billion cannabis funds
  • Managed portfolio of 500 accounts (licensed and ancillary)
  • Proven program implementation nationwide (banks and credit unions)
  • Strong reputation for high-level compliance; working with regulators, legislators and law enforcement to ensure safety and stability

How it Works

As one of the nation’s first service-based programs specializing in helping financial institutions provide financial services to CRBs, Safe Harbor Financial simplifies your entry into the multi- billion dollar cannabis banking industry.

Safe Harbor Financial helps you:

  • Complete and exceed the due diligence, monitoring and reporting requirements, all typical barriers to providing services to CRBs.

  • Service CRBs of all types—growers, dispensaries, retailers, cannabis associations, service companies, cannabis industry consultants, landlords and ancillary
    companies that serve the industry.

  • Take that next step toward building
    your CRB customer base
    and keeping the communities you serve safer.

Our Services

Safe Harbor Financial offers the services you need to connect with cannabis-related businesses. Our highly efficient processes will have you operational quickly and effectively by navigating potential pitfalls and avoiding unnecessary delays.

  • Customer lead generation
  • Safe Harbor Program™ branding
  • Prospects utilize Safe Harbor ProgramTM website to complete the registration and on-boarding processes
  • Initial customer due diligence
  • Candidates verified as banking ready through a stringent, Know Your Customer (KYC) compliance assessment
  • Business document authentication, owner investigation, operations analysis and information to help you verify funds
  • Customer application management
  • Initial account application through the Safe Harbor Program™
  • Application tracking includes monitoring of customer document uploads
  • Safe Harbor Financial relationship managers assist in CRB application review
  • Program management support
  • Application progress review, activity monitoring and regulatory report generation
  • Risk quantification through our proven proprietary BSA calculator
  • Compliance monitoring and reporting
  • Tracking license renewals, state filings and key service provider contracts support
  • Ongoing program auditing and assurance
  • Independent validation of the Safe Harbor ProgramTM by a top 25 CPA firm
  • Vendor due diligence
  • Formal reporting to you
  • Industry best practices
  • In-person and online instruction
  • Mandatory employee training

More Benefits

If you’re ready to expand into the lucrative cannabis banking market, we’re the choice for you. Few can offer the expertise, services and benefits that our proven experience offers, including:

  • Extremely efficient onboarding process for new CRB accounts with software created by the cannabis banking team to make the process more efficient, not only the financial institutions, but for the CRB clients as well.
  • Streamlined reporting requirements
  • Detailed adherence to FinCEN guidelines
  • Potential profits from the booming yet underserved CRB market
  • The ability to foster safer atmospheres in the communities you serve

Certification Programs

Ideal for bankers, senior managers, board members, compliance managers, BSAO, risk department staff and third-party professionals, our certification programs provide a complete understanding of necessary resources for a successful and profitable cannabis banking program. Get an overview of what to expect with our one-day class or take a deeper dive with our two, or four, day class curriculum where you’ll learn:

  • Necessary resources for success and profit in cannabis banking
  • Getting started and overcoming barriers
  • Cash management
  • Reporting and Anti-Money Laundering (AML) software
  • Legal and regulatory considerations
  • More
 

Cloud-Based Software

  • Monitoring businesses
    Timely documentation of required on-site visits, plus simplified validation, overview and transaction oversight
  • Automated alerts for time-sensitive tasks
  • Annual review 
  • Updates risk ratings and assures
    timely client communications
  • BSA Officer Elements
    Comprehensive portfolio and employee oversight
  • Compliance tracking
    • Monitors compliance communication
    • Makes account assignment and portfolio
    rebalancing easy
    • Audits monthly/quarterly/annual tasks • Tracks exceptions and infractions
  • Risk rating
    Applies risk rating standards and compares them year-over-year and client-to-client.
  • Audit
    Compliance monitoring and validation reviews

Frequently Asked Questions

We’ve compiled some of the most frequent questions below, however if you don’t find the answer you need, please use the form below and one of our representatives will reply to you.

  • How is Safe Harbor Financial different?
  • Safe Harbor Financial was established to help bridge the gap between those operating cannabis- related businesses (CRBs) and financial institutions. It all began when Sundie Seefried, a 35-year veteran of the credit union industry, realized that helping financial institutions provide CRBs with an alternative to operating as cash- only businesses would ultimately mean greater community safety.
    In 2015, Sundie established the Safe Harbor ProgramTM in Colorado. Its success led to an expansion of the program into other states with approved sale of recreational and/or medical cannabis. The core Safe Harbor Financial team is comprised of leaders in the fields of banking and financial services. They also have a deep understanding of the cannabis industry. Their expertise regarding the policies
    and guidelines for offering financial services to the cannabis industry is what allows Safe Harbor Financial to make available an innovative program for connecting CRBs with desirable financial services that is bigger than just banking.
  • What services do you provide?
    • Customer lead generation
    • Initial customer due diligence
    • Customer application management
    • Program management support
    • Compliance monitoring and reporting
    • Ongoing program auditing and assurance
    • Comprehensive training
  • How long does the due diligence
    process take?
  • That is largely dependent on the client’s capacity to provide the requested documentation. You will be assigned
    a personal on-boarding specialist who will help you with the process.
  • Can personal accounts be opened for owners and employees?
  • Absolutely. Your on-boarding specialist or private banker

    will provide the info to get those accounts set up.

  • If the business is not operational yet, can an account still be opened?
  • Yes, the account can be opened and will still go through the full due diligence process before the business can deposit funds from the sale of cannabis.
  • Can deposits be made out of state?
  • Yes, please contact your onboarding specialist or private banker.
  • Is the Safe Harbor Program available to other financial institutions?
  • Yes, on a case-by-case basis. Please contact Safe Harbor directly for more information.
  • How is cash handled?
  • You will be required to contract
    with a courier service for the safety
    of all involved.
facebook LinkedIn Twitter
©2021 Safe Harbor Financial, LLC. Nothing contained on this website constitutes legal advice. Safe Harbor Financial has no regulator endorsements, express or implied, related to information contained herein or related to Safe Harbor Financial. Marijuana remains illegal under the Federal Controlled Substances Act and as such, any information provided on this website regarding the use of the Safe Harbor Program™ to provide financial services to cannabis related businesses (“CRBs”) is based on the guidance issued by the United States Department of Treasury Financial Crimes Enforcement Network (“FinCEN”). SAFE HARBOR IS A NAME ONLY and the use of “Safe Harbor” in our name is not meant to imply any additional security. The information contained on this website does not purport to offer a legal “safe harbor” from the current conflict that exists between your state laws and federal law. Because cannabis remains a controlled substance, all assets related to CRBs and the assets of the financial institutions that service CRBs are subject to seizure by federal authorities. Nothing contained on this website constitutes legal advice and Safe Harbor Financial encourages you to work closely with your legal advisors to evaluate all information provided.