FinCEN Guidance on Pot Banking

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Question:

Is FIN-2014-G001, which set forth BSA expectations regarding marijuana-related businesses, still in effect?

Answer:

Yes. FinCEN has not rescinded that guidance, even though it rested on the foundation of the DOJ’s 2014 “Cole memo,” which has been rescinded.

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Learn more about Mary Beth Guard’s webinar
The Marijuana Banking Dilemma

First published on 10/07/2018

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