Marijuana and Hemp-Related Business Policy
The purpose of this Marijuana and Hemp-Related Business Policy Template is to is to supplement and expand upon a bank, credit union, fintech company, or other type of financial institution Bank Secrecy Act (BSA) Policy to ensure how the organization can provide services to a marijuana and hemp-related business consistent with Bank Secrecy Act (BSA) obligations.
Table of Contents
- Purpose and Contents – Topic 1
- Policy Statement – Topic 2
- Regulatory Overview – Topic 3
- Customer Due Diligence – Topic 4
- Suspicious Activity Reporting – Topic 5
- Currency Transaction Reports – Topic 6
- Red Flags – Topic 7
- Audit Policy – Topic 8
- Staff Training – Topic 9
- Penalties – Topic 10
- Retention of Documentation – Topic 11
This Marijuana and Hemp-Related Business Policy Template (approximately 16 pages) is available to purchase from Bankpolicies.com in Microsoft® Word format.
NOTE: The complete contents of this product are also included in the Bank Secrecy Act Policy Template – Comprehensive Version.
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When updates are made you will receive detailed information regarding why the product was updated and what has changed within the product in our Product Update Notification e-mail correspondence. This enables you to make an informed decision on whether to make any changes to the policy or procedure you implemented for your financial institution from the revised template.
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