Agencies Clarify Requirements for Providing Financial Services to Hemp-Related Businesses

Four federal agencies in conjunction with the state bank regulators today issued a statement clarifying the legal status of hemp growth and production and the relevant requirements under the Bank Secrecy Act (BSA) for banks providing services to hemp-r…

Four federal agencies in conjunction with the state bank regulators today issued a statement clarifying the legal status of hemp growth and production and the relevant requirements under the Bank Secrecy Act (BSA) for banks providing services to hemp-related businesses.

Read more / Original news source: https://www.occ.gov/news-issuances/news-releases/2019/nr-ia-2019-141.html