The U.S. Treasury Department plans to discuss with banks and other regulators how the federal enforcement stance regarding state-authorized marijuana business could affect the banking industry, a Treasury official said on Tuesday. Jennifer Shasky Calvery, director of Treasury's Financial Crimes Enforcement Network (FinCEN), said the bureau is already discussing the "complicated" issue with the Justice Department. Shasky Calvery spoke at an anti-money laundering conference in Washington. The discussions are a reaction to industry's calls for "additional clarity," Shasky Calvery said, regarding how an August Justice Department memo on marijuana policy pertains to banking services for "duly operating, state-regulated marijuana dispensaries." The marijuana issue sits at the nexus of FinCEN and Justice Department enforcement authorities. While the former issues anti-money laundering rules under the Bank Secrecy Act (BSA) and can levy civil money penalties for non-compliance, the latter
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