SUCCESSFUL POLICY? Yes, says Fincen Director Jennifer Shasky Calvery in reviewing the agency's marijuana guidance. It "is facilitating access to financial services" while producing suspicious activity reports that ensure the system is "transparent," she says.
In a speech Tuesday, the director of the Financial Crimes Enforcement Network will argue that recent guidance for banks regarding the marijuana industry is working as intended. But it's unclear whether banks' concerns about the risks have been addressed.
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