Fincen OCC Reporting Requirements 
PYMNTS
DECEMBER 3, 2019
Banks no longer have to submit a suspicious activity report (SAR) just because a business is growing or cultivating hemp. After further evaluation of the USDA interim final rule, the Financial Crimes Enforcement Network (FinCEN) will issue additional guidance.
PYMNTS
FEBRUARY 15, 2018
Bank was slapped with a $185 million civil penalty for what the Financial Crimes Enforcement Network (FinCEN), in coordination with the Office of the Comptroller of the Currency (OCC) and the U.S. According to a press release, FinCEN said the obligation will be satisfied by a $70 million payment from U.S. Bank to the U.S.
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