Safe Harbor Financial Appoints Newly Active Board Member, Karl Racine
February 08, 2023 at 07:30 am
Share
SHF Holdings, Inc. announced that Karl A. Racine has commenced active participation on the Company's Board of Directors following his January 2023 departure from office. He became the first elected and independent Attorney General for the District of Columbia in 2015 and was reelected to a second term in 2018. During his eight-year tenure, Mr. Racine built the District's first independent office of Attorney General, which is now among the best in the nation. He created a
consumer protection office; new agency departments focused on environmental and restorative justice; and tackled issues such as gun violence, affordable housing, gentrification, wage theft and abusive business practices.Mr. Racine previously served as the president of the bipartisan National Association of Attorneys General, which in 2022 awarded him and his team a sitting Attorney General's honor: the Kelley-Wyman Award.
SHF Holdings, Inc. is a service provider to offer compliance, monitoring, and validation services to financial institutions, providing traditional banking services to cannabis, hemp, cannabidiol (CBD), and ancillary operators. Its services include regulatory compliance consulting and software for maintaining Know Your Customer (KYC) and Bank Secrecy Act (BSA) compliance to financial institutions, principally conducted vis-a-vis its financial services platform; the origination, onboarding, verification, and servicing of cannabis-related deposit business for and on behalf of its partner financial institutions; and sourcing, underwriting, servicing, and administering loans issued to cannabis businesses and related entities, which are often also its customers, as well as being customers of its partner financial institutions. Through the Companyâs platform, its financial institution clients can provide cannabis-related businesses (CRBs) with access to traditional financial services.
SHF HOLDINGS, INC. 
