In march 2018 it was reported in the FT that following a review of 50 firms two-thirds found lagging in compliance procedures. In a review of 50 firms designed to test the sector’s compliance with new, tougher anti-money laundering regulations, the watchdog found only a third had carried out a mandatory risk assessment of their […]

The article…”U.S. DEA ‘most interested’ in U.S. investors in Canadian marijuana firms” offers the following highlights:- Marijuana still illegal on a federal level in the United States and US investors in Canadian medical marijuana; can be seen as violating the Controlled Substances Act and the use of the banking system to transfer the proceeds of […]