Office of the Comptroller of the Currency, Reporting Requirements and Suspicious Activity Report (SAR)

Regulators Detail Banking Rules For Hemp Firms

PYMNTS

DECEMBER 3, 2019

Banks no longer have to submit a suspicious activity report (SAR) just because a business is growing or cultivating hemp. Financial institutions should follow standard SAR procedures and submit a report only if there is questionable behavior.

Suspicious Activity Report (SAR)

Suspicious Activity Report (SAR) BSA Rules Office of the Comptroller of the Currency

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Regulators Detail Banking Rules For Hemp Firms

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