CANNAINVESTOR Magazine U.S. Privately Held August 2018 | Page 34

Non-bank Financial Institutions do not

have a license to take a deposit.

Therefore, Alliance Financial Network

created an electronic eXchange POrtal

to exchange currency for eXPO™ credit

extended to members to transact in a compliant Membership network. This takes the cash out of

the system and creates a paradigm shift for this

emerging cash industry.

Advantage

eXPO™ is a Non-Bank Financial Institution

Non-Bank Financial Institutions are broadly defined as institutions other than banks that offer financial services.

The USA Patriot Act has defined a variety of entities as Financial institutions.

Common examples include but are not limited to:

- Securities and commodities firms (e.g., brokers/dealer,

investment advisers & mutual funds)

- Hedge funds or commodity traders

- Money services businesses

- U.S. Postal Service

- Loan or Finance companies

- Other financial institutions (e.g., dealers in precious

metals, stone or jells; pawnbrokers)

- Casinos and card clubs

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