The Financial Crimes Enforcement Network issued guidance on BSA/AML regulatory requirements for hemp-related business customers.
June 30, 2020 / By ICBA
The Financial Crimes Enforcement Network issued guidance on BSA/AML regulatory requirements for hemp-related business customers. This guidance explains how financial institutions can conduct due diligence for hemp-related businesses.
It also identifies the type of information and documentation financial institutions can collect from hemp-related businesses to comply with BSA regulatory requirements.
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