Elaine Carey on the Periodic Effects Podcast | FTI Consulting

Elaine Carey on the Periodic Effects Podcast

How Not to Get Your Cannabis Company Shut Down

Forensic & Litigation Consulting

June 25, 2019

Elaine Carey, Managing Director and co-lead of FTI Consulting’s Cannabis Services practice, is a guest on Wayne Schwind’s podcast, “Periodic Effects,” discussing common anti-money laundering pitfalls and points of failure companies face, especially those in cash-dominated industries like cannabis. In the episode, Elaine provides tips and advice on how cannabis companies can successfully apply for a bank account or a cannabis license, plus insight into how institutions and regulators operate. The interview brings a fresh perspective to the importance of compliance, highlighting practices that can set off red flags and ways cannabis companies can mitigate those risks.

Topics covered include:

  • Issues arising from lack of access to formal banking
  • Anti-money laundering red flags
  • Enhanced need for reputational due diligence
  • The use of payment processors
  • Canadian cannabis reverse takeovers
© Copyright 2019. The views expressed herein are those of the author and do not necessarily represent the views of FTI Consulting, Inc. or its other professionals.

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