ICYMI: The New FinCEN Hemp Banking Guidance
Canna Law Blog
JULY 7, 2020
The FinCEN Guidance centers on due diligence requirements as related to the Bank Secrecy Act (BSA). The purpose of that statement was to to help financial institutions deal with BSA and anti-money laundering (AML) compliance in light of the fact that hemp is no longer a Schedule I controlled substance under federal law.
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