Report: FinCEN Update: Marijuana Banking Update Depository Institutions (by type) Providing Banking Services to Marijuana-Related Businesses1 (SARs filed through 31 March 2020)

Short-term declines in the number of depository institutions actively providing banking services to marijuana-related businesses (MRBs) may be explained by filers exceeding the 90 day follow-on Suspicious Activity Report (SAR) filing requirement. Several filers take 180 days or more to file a continuing activity report. After 90 days, a depository institution is no longer counted as providing banking services until a new guidance-related SAR is received.

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