We regularly blog about the conflict between state and federal law related to cannabis and the uncertainty regarding how federal criminal and Bank Secrecy Act (“BSA”) law will, or will not, be enforced against financial...more
8/22/2019
/ Bank Secrecy Act ,
BSA/AML ,
Decriminalization of Marijuana ,
Dispensaries ,
Financial Institutions ,
Financial Services Industry ,
Legislative Agendas ,
Marijuana ,
Marijuana Related Businesses ,
NCUA ,
Proposed Legislation ,
Suspicious Activity Reports (SARs)
The state-legal marijuana industry in the United States continues to grow – as does support for it. Ten states and Washington, D.C. have legalized recreational adult use and 23 other states allow some form of medical...more
NYDFS Action Highlights the Need for Good Monitoring – and Good Consultants -
In part one of this two-part post, we provided some practical tips for financial institutions to increase the chances that their Anti-Money...more
11/8/2018
/ Anti-Money Laundering ,
BSA/AML ,
Enforcement Actions ,
Failure to Comply ,
Financial Institutions ,
Financial Services Industry ,
Financial Transactions ,
Foreign Financial Institutions (FFI) ,
Money Laundering ,
NYDFS ,
Office of Foreign Assets Control (OFAC) ,
Regulatory Violations