Marijuana banking backlash snares Vancouver couple

first_imgTy and Tracy Camp have been together for 11 years, and married for seven, but they rarely mix their finances.Until May, she worked as an assistant vice president and financial center manager at Bank of America in Vancouver, and also owns and manages several residential properties around Clark County. He owns a construction company and Sunshine Farms, a marijuana grower and processor in Sifton. They share only one bank account, which they use to cover mutual costs — a rental property they co-owned, and some standard household expenses.Which is why Tracy Camp was floored to return home from a vacation with her husband to find that she’d been fired from her position with the bank, and told by an internal company investigator she’d been flagged on suspicion of money laundering.Her husband, who works in the marijuana industry, had moved funds from his construction business’ account into their joint account, and she’d moved some of the money from the joint account into her personal account.“We’ve been running our businesses and our books and our lives like that for the last 10 years,” she told a corporate HR representative in an interview recorded by the company.The official reason for her termination was a code of conduct violation. She described being told that as a bank employee, she should have known that mixing funds with a person growing marijuana — her husband, no less — put the bank at risk of noncompliance with federal law.last_img

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