News & Insights

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December 04, 2019

The Federal Reserve Board, the FDIC, FinCEN, the OCC and the Conference of State Bank Supervisors clarified the legal status of hemp and Suspicious Activity Report obligations for banks under the Bank Secrecy Act.

March 22, 2019

Cadwalader Cabinet launched the Cannabis Finance Topic Page to help financial institutions stay abreast of the rapidly evolving area of cannabis-related banking and investment.

April 03, 2014

On April 1, 2014, Senators Dianne Feinstein (D-CA) and Chuck Grassley (R-IA) submitted a list of questions to the Financial Crimes Enforcement Network ("FinCEN") on its recent guidance to banks seeking to service marijuana-related customers. In an open letter to FinCEN Director Jennifer Shasky Calvery, the Senators argued that the guidance "severely undermines" FinCEN's mission to safeguard the nation's financial system from illicit use and to combat money laundering.The Senators issued the letter in their respective capacities as Chairman and Co-Chairman of the Senate Caucus on International