(C) is an agency of the Government of Iran, North Korea, Syria, or any country listed from time to time on the State Sponsors of Terrorism list;(D) is located in, or is subject to the jurisdiction of, any country specified in subparagraph (C); or(E) does business with any entity described in subparagraph (C) or (D), unless the appropriate Federal banking agency determines that the customer or group of customers has used due diligence to avoid doing business with any entity described in subparagraph (C) or (D),such belief shall satisfy the requirement under paragraph (1). To receive media releases, publications, speeches and other industry-related information by email Corporations Act section 674(2B) Corporations Act section 1308(4) Corporations Act section 601FD(1)(f) and section 1157(f) in the proposed Corporate Collective Investment Vehicle legislation. ) (1) terminate or limit the deposit insurance or share insurance of a depository institution under the Federal Deposit Insurance Act ((2) prohibit, penalize, or otherwise discourage a depository institution from providing financial services to a cannabis-related legitimate business or service provider or to a State, political subdivision of a State, or Indian Tribe that exercises jurisdiction over cannabis-related legitimate businesses;(3) recommend, incentivize, or encourage a depository institution not to offer financial services to an account holder, or to downgrade or cancel the financial services offered to an account holder solely because—(A) the account holder is a cannabis-related legitimate business or service provider, or is an employee, owner, or operator of a cannabis-related legitimate business or service provider;(B) the account holder later becomes an employee, owner, or operator of a cannabis-related legitimate business or service provider; or(C) the depository institution was not aware that the account holder is an employee, owner, or operator of a cannabis-related legitimate business or service provider;(4) take any adverse or corrective supervisory action on a loan made to—(A) a cannabis-related legitimate business or service provider, solely because the business is a cannabis-related legitimate business or service provider;(B) an employee, owner, or operator of a cannabis-related legitimate business or service provider, solely because the employee, owner, or operator is employed by, owns, or operates a cannabis-related legitimate business or service provider, as applicable; or(C) an owner or operator of real estate or equipment that is leased to a cannabis-related legitimate business or service provider, solely because the owner or operator of the real estate or equipment leased the equipment or real estate to a cannabis-related legitimate business or service provider, as applicable; or(5) prohibit or penalize a depository institution (or entity performing a financial service for or in association with a depository institution) for, or otherwise discourage a depository institution (or entity performing a financial service for or in association with a depository institution) from, engaging in a financial service for a cannabis-related legitimate business or service provider.For the purposes of sections 1956 and 1957 of title 18, United States Code, and all other provisions of Federal law, the proceeds from a transaction involving activities of a cannabis-related legitimate business or service provider shall not be considered proceeds from an unlawful activity solely because—(1) the transaction involves proceeds from a cannabis-related legitimate business or service provider; or(A) cannabis-related activities described in section 14(4)(B) conducted by a cannabis-related legitimate business; or(B) activities described in section 14(13)(A) conducted by a service provider.
CPG 220. (1) confirming the legality of hemp, hemp-derived CBD products, and other hemp-derived cannabinoid products, and the legality of engaging in financial services with businesses selling hemp, hemp-derived CBD products, and other hemp-derived cannabinoid products, after the enactment of the Agriculture Improvement Act of 2018; and(2) to provide recommended best practices for financial institutions to follow when providing financial services and merchant processing services to businesses involved in the sale of hemp, hemp-derived CBD products, and other hemp-derived cannabinoid products. 1811 et seq. [externalActionCode] => 5000
H. Rept. Corporations Act … (A) the agency has a valid reason for such request or order; and(B) such reason is not based solely on reputation risk. Banking Act (CHAPTER 19) (Original Enactment: Act 41 of 1970) REVISED EDITION 2008 (31st March 2008) An Act to provide for the licensing and regulation of the businesses of banks, merchant banks and related institutions, and the credit card and charge card business of banks, merchant banks and other institutions, and matters related thereto. (a) In general.—A Federal banking regulator may not— (1) terminate or limit the deposit insurance or share insurance of a depository institution under the Federal Deposit Insurance Act (12 U.S.C. A Brief History.
[displayText] => Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 321 - 103 (Roll no. 5 It is the obligation of the ADI to satisfy all requirements outlined in the legislation. ) (A) a depository institution, as defined under section 3 of the Federal Deposit Insurance Act ((A) engages in any activity described in subparagraph (B) pursuant to a law established by a State or a political subdivision of a State, as determined by such State or political subdivision; and(B) participates in any business or organized activity that involves handling cannabis or cannabis products, including cultivating, producing, manufacturing, selling, transporting, displaying, dispensing, distributing, or purchasing cannabis or cannabis products. businesses, and for other purposes. Under the Banking Act 1959 (the Banking Act), it is an offence to conduct banking business in Australia without the proper authority. [chamberOfAction] => House (1) the aggregate number of specific customer accounts that the agency requested or ordered a depository institution to terminate during the previous year; and(2) the legal authority on which the agency relied in making such requests and orders and the frequency on which the agency relied on each such authority. In summary, off-market bids are made by written offers to a target's security holders. In 1911, legislation established the Commonwealth Bank of Australia.
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