Searching Content indexed under Finance and Banking by Jodi Avergun ordered by Published Date Descending.
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Governors Call On Congress To Pass Cannabis Safe Harbor For Financial Institutions
Governors from across the United States and its territories urged Congress to pass legislation to allow banks in states that permit medical or adult-use cannabis to legally operate.
United States
1 Jul 2019
ABA Supports The SAFE Banking Act Of 2019
The American Bankers Association (the "ABA") expressed support for the Secure and Fair Enforcement Banking Act ("SAFE Banking Act") of 2019.
United States
3 May 2019
DOJ To Accept Cole Memorandum For Now
At a Senate Appropriations Committee hearing on the FY 2020 budget request for the DOJ, Attorney General William Barr described the current state of interaction between state and federal law with respect to marijuana.
United States
29 Apr 2019
Cadwalader Attorneys Consider Proposed Congressional Legislation On Cannabis Finance
The House Financial Services Committee voted to advance a revised version of the Secure and Fair Enforcement Banking Act of 2019 (the "SAFE Act").
United States
26 Apr 2019
Cannabis Finance - SAFE In The STATES And Maybe Beyond?
Will 2019 be the year that federal lawmakers block U.S. law enforcement and regulatory agencies from enforcing marijuana prohibitions in states where marijuana is legal
United States
25 Apr 2019
Lawmakers Reintroduce Companion STATES Act To Clarify Cannabis Treatment Under Federal Law
Late last week, a bipartisan team of lawmakers reintroduced the Strengthening the Tenth Amendment Through Entrusting States Act (the "STATES Act") in the Senate and House of Representatives.
United States
23 Apr 2019
Cannabis Firm To Acquire Distributor In Large Public Company Acquisition
A Chicago-based cannabis-producing firm, Cresco Labs Inc., will acquire all of the issued and outstanding shares of Origin House ...
United States
16 Apr 2019
House Financial Services Committee Sends SAFE Banking Act To House For Vote
By a 45-15 vote, the House Financial Services Committee approved the Secure and Fair Enforcement Banking Act of 2019 (the "SAFE Banking Act").
United States
10 Apr 2019
House Financial Services Subcommittee Considers Banking Services For Cannabis Businesses
The House Financial Services Subcommittee on Consumer Protection and Financial Institutions (the "Committee") held a hearing on access to banking services for cannabis-related businesses.
United States
22 Feb 2019
German Police Raid Investment Bank Headquarters
The German police raided Deutsche Bank's Frankfurt headquarters and several of its other offices in Germany.
4 Dec 2018
SEC Charges Cannabis Investment Fund And Founder With Securities Fraud
The SEC charged a cannabis investment fund and its founder with securities fraud for allegedly using misleading marketing materials and deceptive sales pitches to lure investors.
United States
10 Sep 2018
CFPB Seeks Public Input On Investigative Demands Process
The Consumer Financial Protection Bureau ("CFPB") is soliciting public input on its Civil Investigative Demands ("CIDs") process.
United States
29 Jan 2018
Fincen Fines Virtual Currency Exchange For AML Violations
In the U.S. Department of the Treasury's first action against a foreign-located money services business, the Financial Crimes Enforcement Network ("FinCEN") fined BTC-e...
United States
14 Aug 2017
White Collar Crime Law Enforcement In A Trump Justice Department - 8 Predictions
Confident prediction this election year, however, is tempered by the lack of comprehensive Trump Administration policy releases addressing these issues.
United States
2 Dec 2016
Complying With AML Laws: Challenges For The Fintech Industry
"Silicon Valley is coming. There are hundreds of startups with a lot of brains and money working on various alternatives to traditional banking."
United States
6 Sep 2016
Federal Register: FinCEN Requests Comments On Proposal To Enhance CIP And AML Requirements
FinCEN issued a Notice of Proposed Rulemaking to make current anti-money laundering, Customer Identification Program and beneficial ownership rules equally applicable to all types of banks.
United States
31 Aug 2016
FinCEN Issues Final Rules For Customer Due Diligence Requirements
On May 11, 2016, the Financial Crimes Enforcement Network ("FinCEN") issued the final version of its long-awaited "Customer Due Diligence Rules" under the Bank Secrecy Act.
United States
23 May 2016
Pot Banking 2016: More State Ballots But Continued Unease
Despite its astounding growth in recent years, the marijuana industry remains hampered by its own banking crisis. Marijuana businesses' difficulty in accessing financial services has created problems for businesses and government alike.
United States
14 Mar 2016
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