Bank Secrecy Act for Managers: 04. Money Services Businesses
Learning objectives
- Gain an understanding of money services businesses.
Course overview
A money services business, or MSB, refers to a non-bank that cashes checks, exchanges currency, issues travelers' checks, or sells money orders. So, it's basically any business that provides banking services but doesn't accept deposits. So how do MSBs work when it comes to compliance with BSA/AML regulations, and what does it have to do with you? That's what this course is all about. In this program, we'll dive into MSBs so you can better understand how they operate and the necessary due diligence you'll need to do with your own customers who may use MSBs.
The individuals involved in the development and promotion of this course do not receive any compensation or financial benefits outside of their regular employment for their work on this course.
