Legal Seminar, Denver, CO
New Frontiers • FinCEN data as of 2017 showed over 400 banks and credit unions were doing business with marijuana related businesses (based on SAR reporting). • Legislative efforts have failed to produce a solution; uncertainty remains.
New Frontiers • Gambling, including Sports Betting and Fantasy Sports. – Comparative stability under prior law in compliance with UIGEA will be upset by new initiatives in these areas. – Payment providers will need to get the law right in order to continue effective compliance. – Geolocation, Coding, and other KYC techniques, including data analytics, will be important.
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