11 Office of the Attorney General, Marijuana Enforcement (Jan
Issued: February 14, 2014
WASHINGTON—The Financial Crimes Enforcement Network (FinCEN) today issued the first government-wide priorities for anti-money laundering and countering the
On February 14, 2014, FinCEN issued its "BSA Expectations Regarding Marijuana-Related Businesses", with the stated goal: to clarify Bank Secrecy Act (“BSA”) expectations for
In February 2021, the National Credit Union Administration (“NCUA”) initiated the first administrative cease and desist action of its kind against a depository
”2 That guidance directs financial institutions to consider
The rescission of the Cole Memorandum, together with the continued effectiveness of the FinCEN Guidance, should be viewed as increasing the legal risk to
fifth
Guidance on Recognizing Activity that May be Associated with Human Smuggling and Human Trafficking — Financial Red Flags To support law enforcement
fincen
The Financial Crimes Enforcement Network (“FinCEN”) is issuing guidance to clarify Bank Secrecy Act (“BSA”) expectations for financial institutions seeking to provide services to marijuana-related This guidance does not establish any new regulatory expectations or requirements
and marking the check box for check fraud (SAR Field 34(d))
3 FinCEN is also issuing this advisory in support of World Elder Abuse Awareness
fincen
FinCEN Issues Alert on Israeli Extremist Settler Violence Against Palestinians in the West Bank: FiN-2023-Alert007: 11/22/2023: FinCEN Alert on COVID-19 Employee Retention Credit Fraud: FIN-2023-Alert006: 10/20/2023: FinCEN Alert to Financial Institutions to Counter Financing to Hamas and its Terrorist Activities
fincen
The Financial Crimes Enforcement Network (“FinCEN”) is issuing guidance to clarify Bank Secrecy Act (“BSA”) expectations for financial institutions seeking to provide services to marijuana-related Department’s Financial Crimes Enforcement Network (FinCEN) have previously issued guidance on the interplay of federal marijuana laws and conflicting state legalization efforts,14 Congress has not passed comprehensive legislation to address state and local marijuana legalization laws
FinCEN Guidance regarding jurisdictions listed in Section I of this
Please note the final paragraph of the FinCEN guidance: “Financial institutions with questions about this guidance are encouraged to contact FinCEN’s Resource Center at (800) 767-2825, where industry Guidance
Overview In light of the recent passage of a ballot question in the Commonwealth of Massachusetts setting in motion a regulatory scheme to allow for the legal operation of marijuana-related businesses (MRBs), the Division of Banks (DOB) is
686
740 On February 14, 2014, FinCEN released FIN-2014-G001: BSA Expectations Regarding Marijuana-Related Businesses 3 (Guidance),providing direction on how financial service businesses can interact with marijuana-related businesses and comply with the Cole Memo