Legal Seminar, Denver, CO

New Frontiers

• Marijuana.   – Federal laws still present compliance challenges  for those dealing with entities dealing in  marijuana, even in states that legalize it. – “Marijuana Limited” vs. “Marijuana Priority” SAR  filings under FinCEN guidance and the “Cole  Memorandum” (2/14/14) • Should a customer relationship continue after a priority  SAR is filed?   • What about criminal liability for aiding and abetting?

New Frontiers • “Cole Memorandum” revoked; now,  “weigh all  relevant considerations, including federal law  enforcement priorities set by the Attorney  General, the seriousness of the crime, the  deterrent effect of criminal prosecution, and  the cumulative impact of particular crimes on  the community.”   Memorandum from Attorney  General Sessions, January 4, 2018.   • FinCEN indicates prior regime continues.