01 Mar 2022
The Safe Banking Act of 2021
Financial institutions face many challenges when providing banking and related activities to cannabis-related businesses in the U.S. Access this practice note to examine the legal and regulatory framework governing providing financial services to cannabis-related businesses under the Secure and Fair Enforcement Banking Act of 2021.
Related Content
- Cannabis Bill Roundup: SAFE Banking Passes House — Again
Explore the most recent developments in cannabis law reform, including a focused review of the U.S. House of Representatives approved cannabis banking legislation.
- Banking and Finance for the Marijuana Industry
Gain an overview of applicable federal statutes regarding the regulation of the marijuana industry in this article. Also, review the latest Financial Crimes Enforcement Network (FinCEN) and Justice Department guidance and recommendations for lender due diligence of marijuana-based businesses.
- Bank Reporting Requirements under the Bank Secrecy Act and OFAC Sanctions Laws
Access the statutory and regulatory reporting obligations for banks that provide activities and services to marijuana related business. This practice note will provide Counsel with key reporting requirements of the Bank Secrecy Act, as well as the reporting and filing requirements mandated by the Office of Foreign Assets Control (OFAC) of the U.S. Department of the Treasury (U.S. Treasury).
Practical Guidance Updates
Featuring the latest updates from your Practical Guidance account.
- Trends & Insights provides the latest in news articles and insight documents on trending areas for financial service organizations.
- Cannabis Resource Kit is an invaluable secondary resource providing an overview of materials on cannabis in many practice areas including financial services.
- Access The Practical Guidance Journal featuring guidance for financial institutions from prominent attorneys on trending areas of law.
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