Federal agencies clarify SAR filing requirements for financial services provided to hemp-related businesses
Cannabis Law Report
DECEMBER 14, 2019
On December 3, 2019, four federal agencies, in consultation with state banking regulators, clarified the legal status of hemp growth and production under the Bank Secrecy Act (BSA) for banks 1 providing financial services to hemp-related businesses. JD Supra Release. Background. The Joint Statement.
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