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Monday
Mar232020

What's New? Providing Financial Services to Hemp Related Businesses

DateMonday, March 23, 2020 at 10:11AM by AuthorBanking Spectrum

Banks are no longer required to file suspicious activity reports (SAR) for customers solely because they are engaged in the growth or cultivation of hemp in accordance with applicable laws and regulations. For hemp-related customers, banks are expected to follow standard SAR procedures, and file a SAR if indicia of suspicious activity warrants.

Learn more in The Gold Book. 

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