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SARs and Hemp—What’s the story?

Question: 
Do we file Suspicious Activity Reports on hemp and hemp CBD Oil?
Answer: 

No, FinCEN does not consider hemp to be marijuana. So you do not have to file SARs on hemp unless you suspect suspicious or criminal activity on the accounts.
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Learn more about Deborah Crawford’s webinar Alert! Hemp Guidance Released

First published on 01/19/2020

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