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Financial Institution Letters

December 3, 2019

Bank Secrecy Act: Interagency Statement on Providing Banking Services to Customers Engaged in Hemp Production

Printable Format:

FIL-78-2019 - PDF (PDF Help)


The FDIC, along with the Board of Governors of the Federal Reserve System, the Office of the Comptroller of the Currency, and the Financial Crimes Enforcement Network (FinCEN) is issuing a joint statement on providing banking services to customers engaged in hemp production. FinCEN will issue additional guidance after further reviewing and evaluating the U.S. Department of Agriculture (USDA) interim final rule.

Statement of Applicability to Institutions: This Financial Institution Letter applies to FDIC-supervised banks and savings associations.



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