Legalized Marijuana & Multi-Jurisdictional Banking: High Times for Community Banks
8/21/2014Small local institutions have less regulatory risk in serving marijuana businesses in states where they are legal.
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Robert McKay is a managing director for Accuity, where he manages the risk and compliance product solutions and oversees the firm's global partnerships. McKay is an authority on the issues facing organizations in increasing payment straight through processing rates and decreasing the costs of clearing checks, as well as the implementation of Office of Foreign Assets Control (OFAC) and other sanctions program solutions within financial services firms and other businesses. He joined Accuity in March 1997 and has held roles in sales, product management and sales management.