FinCEN Issues Guidance Regarding Due Diligence Requirements under the Bank Secrecy Act for Hemp-Related Business Customers

Immediate Release

FinCEN is issuing guidance to address questions related to BSA/AML regulatory requirements for hemp-related business customers. It explains how financial institutions can conduct due diligence for hemp-related businesses, and identifies the type of information and documentation financial institutions can collect from hemp-related businesses to comply with BSA regulatory requirements. 

Read the guidance here.

Financial Institution
Depository Institutions
Money Services Businesses
Securities and Futures