News Column

Colorado U.S. Attorney Issues Statement Regarding Marijuana Banking Guidance

February 14, 2014



DENVER, Feb. 14 -- The U.S. Attorney for the District of Colorado issued the following news release:

Colorado U.S. Attorney John Walsh issued the following statement:

"Today the Deputy Attorney General for the Department of Justice issued guidance to U.S. Attorney's Offices as to the exercise of prosecutorial discretion regarding banking and marijuana. That guidance seeks to mitigate the public safety concerns created by high-volume cash-based businesses without access to banking and the financial system, while at the same time ensuring that criminal organizations, gangs and drug cartels do not have access to the financial system to launder criminal proceeds. The Colorado U.S. Attorney's Office will follow this guidance. In addition, the Department of Treasury (FinCEN) today is issuing a guidance memo to the banking industry on this subject."

John Walsh

U.S. Attorney, District of Colorado

Click here to view the Department of Justice's marijuana banking guidance (http://www.justice.gov/usao/co/news/2014/feb/DAG%20Memo%20-%20Guidance%20Regarding%20Marijuana%20Related%20Financial%20Crimes%202%2014%2014.pdf)

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Source: Targeted News Service


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