TOPIC: FinCEN

How the Government Shutdown is Affecting Regulatory Agencies

Employee at a Company (USA)

Good afternoon, Bankers! Today's topic is the current government shutdown. This post originally appeared on the Ncontracts blog.

How the Government Shutdown is Affecting Regulatory Agencies

The partial government shutdown has furloughed workers at the national parks, the Smithsonian museums, the IRS, courts, and other federal institutions, but enforcement actions from federal banking agencies continue...

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    Infographic: Marijuana-Related Businesses – The risks and rewards of banking a multi-billion-dollar industry

    Manager at a Company (USA)

    Marijuana-related businesses (MRBs) have been receiving a lot of attention lately. This growing industry is already worth $7 Billion in the U.S., with that number projected to more than quadruple over the next 8 years, creating many questions for financial institutions around banking MRBs.

    This infographic provides a handy introduction to the world of MRBs, quickly mapping marijuana law by state, examining the number of businesses that have been flagged as marijuana-related in the Verafin Cloud to date, and offering insight into identifying and assessing related compliance risk.