Banks Need Policies For Pot Biz, Financial Crime Experts Say

Law360 (April 9, 2018, 10:40 PM EDT) -- With the U.S. marijuana industry experiencing continued growth but also shifting enforcement policy under the Trump administration, experts took to the stage at the Association of Certified Anti Money Laundering Specialists conference in Florida on Monday to urge financial institutions to establish clear policies on servicing cannabis-related businesses.

When U.S. Attorney General Jeff Sessions announced in January that he was rescinding the Department of Justice's 2014 “Cole Memo” that relaxed federal enforcement against people who were operating under state marijuana legalization laws, it did not create a...
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