As states legalize pot, FinCEN urged to update guidance
A bipartisan team of U.S. senators is urging the Treasury Department to take further action to ensure that vendors working with legal marijuana businesses do not have their banking services taken away, writes Joe Mont.
THIS IS MEMBERS-ONLY CONTENT
You are not logged in and do not have access to members-only content.
If you are already a registered user or a member, SIGN IN now.
Related articles
-
Article
How compliance, data sharing empower FinCEN’s war on terror and crime
Addressing Congress, FinCEN Acting Director Jamal El-Hindi discussed how his agency prevents bad actors from infiltrating the financial system.
-
ArticleBroker-dealer Canaccord pays $80M to FinCEN, admits to willful BSA violations
Financial services company Canaccord has been hit with an $80 million penalty by the U.S. Treasury’s Financial Crimes Enforcement Network (FInCEN)–the largest FinCEN penalty against a broker-dealer in its history.
-
ArticleNew York governor’s veto narrows scope of New York LLC Transparency Act
Certain non-U.S. LLCs that were formed under the law of a foreign country and authorized to do business in New York State must prepare now to ensure compliance with new beneficial ownership information disclosure requirements, or potentially face hefty penalties.