West Coast AML Services is a risk management consultancy that has helped some of the largest MRB banking programs in the country successfully manage the unique challenges associated with the state-legal cannabis industry. Mr. Neeley, the firm’s founder and managing director, is a well-respected expert in the criminal enforcement of the BSA and Money Laundering Control Act – federal money laundering statutes (18 U.S.C. §§ 1956 and 1957). He has 25+ years of firsthand experience investigating complex international drug money laundering organizations, white collar financial crimes and terrorist financing.
Mr. Neeley was a key figure in the most significant drug money laundering investigation in U.S. history, which involved the indictment and conviction of foreign banks and twenty bankers for violations of the BSA/AML. He served at the U.S. Embassy Ottawa, Canada and Den Haag, The Netherlands, and briefed Black-Market Peso Exchange money laundering operations he ran to U.S. Ambassadors in Colombia and Panama, members of Congress, senior management at the Treasury and Justice Departments and Italy’s Anti-Mafia. He successfully directed Departments of Justice and Treasury certified undercover financial task force operations against Mexico and Colombia drug trafficking cartels. Concerned about cannabis banking issues, Mr. Neeley founded West Coast AML Services to minimize the complex risks for financial institutions to help keep them from running afoul of the Department of Justice and regulatory enforcement actions.
Deferred Prosecution Agreements and Risk Assessments, Terry M. Neeley and Yarrow Kubrin
Hear about emerging U.S. Department of Justice marijuana-related enforcement
priorities, the importance of a credit union’s board being made aware of DOJ’s priorities, and how a financial institution can identify and address those concerns in its MRB BSA Anti-Money Laundering Risk Assessment and its overall cannabis banking program.