Money Services Businesses (MSBs)

Managing and mitigating MSB risks

Over a quarter of American households use Non-Banking Financial Institutions (NBFIs) such as Money Services Businesses (MSBs) to move money, but banking MSBs can be risky business. Check cashers and money transmitters can be targeted by criminals to commit illicit activities, such as money laundering.

While MSBs are responsible for their own BSA/AML compliance programs, financial institutions must monitor these businesses for potentially high-risk behavior. Learn how to properly identify and manage the risks associated with these NBFIs in this educational infographic.

  •   BSA/AML Compliance
  •   CDD/EDD
  •   High-Risk Customer Management

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