By Jake Ellison for Seattle PI

A key group of “high-level representatives from financial institutions, federal law enforcement agencies, regulatory authorities and others from the private and public sector” met today at the U.S. Treasury in Washington, D.C., to talk over the nation’s banking industry and one item on their agenda was what to do with money from marijuana businesses.

That group of high-level folks meets a couple of times a year as the Bank Secrecy Act Advisory Group (BSAAG). It’s a task force established by Congress to coordinate Bank Secrecy Act-related matters.

“The meetings are private and designed to assist the frank exchange of views among financial industries, regulators and law enforcement. They meet twice per year. One of the items on today’s meeting agenda concerned banking services to marijuana businesses,” said Steve Hudak, a spokesman for the Treasury’s Financial Crimes Enforcement Network (FinCEN).

Read more: Banking fix for marijuana businesses soon may be in the works – The Pot Blog.