For Immediate Release
February 14, 2014
ABA Media Contact: Jeff Sigmund
(202) 663-5439

Email: jsigmund@aba.com
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ABA Statement on FinCEN Guidance

By Frank Keating, ABA President and CEO

          “While we appreciate the efforts by the Department of Justice and FinCEN, guidance or regulation doesn’t alter the underlying challenge for banks.  As it stands, possession or distribution of marijuana violates federal law, and banks that provide support for those activities face the risk of prosecution and assorted sanctions.”
 
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