Managing Your Money Service Businesses – Risk, Compliance & Set-Up

Are MSBs high risk? Maybe. But not all MSBs are the same. During this program we will look at some of the differences between money services businesses and how to risk rate them. Learn the regulatory definitions and how they register with state and federal authorities. Review how we can use our Customer Identification Programs and Customer Due Diligence program to understand the business model of your money services business accountholders and how to mitigate risk for those we onboard.