TOPIC: Due Diligence

Investors into Marijuana Related Businesses - SAR or no SAR?

SVP at a bank ($3.3BUSA)
Would like to get some feedback for those that have chosen not to bank MRBs but find people who are sending money to invest in MRB businesses. When you find this, do you file a marijuana related SAR? At this time, we are not banking MRBs; however, we are finding several of our wealthier clients sending money to individuals that are MRB growers with the stated purpose of the money sent will be used to buy land that a grower can cultivate and grow marijuana. Again, would you file a marijuana related SAR?

Any feedback would be appreciated.