Exception Tracking Spreadsheet (TicklerTrax™)
Downloaded by more than 1,000 bankers. Free Excel spreadsheet to help you track missing and expiring documents for credit and loans, deposits, trusts, and more. Visualize your exception data in interactive charts and graphs. Provided by bank technology vendor, AccuSystems. Download TicklerTrax for free.
FinCEN guidance on due diligence for hemp-related customers
FinCEN has issued Guidance FIN-2020-G001 to address questions related to Bank Secrecy Act/Anti-Money Laundering (BSA/AML) regulatory requirements for hemp-related business customers. The guidance:
- Explains how financial institutions can conduct due diligence for hemp-related businesses
- Identifies the type of information and documentation financial institutions can collect from hemp-related businesses to comply with BSA regulatory requirements
- Is intended to enhance the availability of financial services for, and the financial transparency of, hemp-related businesses in compliance with federal law
- Supplements the December 3, 2019, interagency statement on providing financial services to customers engaged in hemp-related businesses
- Does not replace or supersede FinCEN’s previous guidance on the BSA expectations regarding marijuana-related businesses
Join Deborah Crawford on July 20, 2020, for a special one-hour update on FinCEN's new guidance to address questions related to Bank Secrecy Act/Anti-Money Laundering (BSA/AML) regulatory requirements for hemp-related business customers.