High-risk businesses like CRB (Cannabis Risk Businesses) are at a high risk of money laundering. This makes financial institutions skeptical about being in business with marijuana-related ventures. So, before onboarding CRBs or HRBs, it is extremely important for the financial institutions to make sure that they uphold strict compliance so as to avoid any risks or problems that may arise in the highly regulated cannabis market.

Velocity’s cannabis monitoring software can help you to monitor and reduce false matches. It helps to safeguard the financial institutions by allowing them to stay compliant with the regulatory changes, avoid the risks, and make informed decisions.