Remove Audit Remove Cannabis Banking Remove OFAC
article thumbnail

Bridging Banking Gaps For Cannabis Companies

PYMNTS

Another big misconception is centered, Hart said “around the time and effort required to develop, deploy, and maintain a compliant cannabis banking program. At the end of the day you still end up with a record-keeping system that can’t pass audit for tax and regulatory purposes,” he said. The government benefits, too.

Fincen 68