Remove Cannabis Banking Remove Financial Crimes Remove OFAC
article thumbnail

Bridging Banking Gaps For Cannabis Companies

PYMNTS

To that end, the number of banking firms that actively provide services for marijuana firms has grown by 20 percent since the dawn of 2018. Treasury Department’s Financial Crimes Enforcement Network (or FinCEN for short). That’s according to data published at the end of last month, per data from the U.S.

Fincen 68