IBTimes -
19 Feb 2014 23:16
The Treasury Department's Financial Crimes Enforcement Network (FINCEN) and the deputy U.S. attorney general have given the nation's banks a green light to accept clients working in the marijuana business. As long as banks pursue due diligence on new clients to ensure they're following state regulations, they can accept their money, the government said on Friday. Until now, a handful of statutes against money laundering and controlled substances prohibit banking institutions from dealing with an...
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