Description
* Please note that the recording links will be delivered to you via a downloadable PDF in your confirmation e-mail. The PowerPoint that corresponds with the recording will be automatically delivered upon purchasing via email from the website.
WHAT
This webinar recording will provide you with a clear understanding of the difference between MSBs, Money Transmitters and Agents of Money Transmitters. Learn business practices for risk rating the different types of businesses.
Understanding the difference between MSBs, Money Transmitters and agents of money transmitters are important to determine the level of risk and required documentation needed to appropriate manage the relationship. This webinar provides attendees with a clear understanding of the difference between MSBs, Money Transmitters and Agents of Money Transmitters, documentation required, and best business practices for monitoring these relationships throughout the duration of the relationship. This webinar recording will also discuss case studies of how financial institutions learned they had these types of clients without knowledge of the clients banking with them.
RECORDING CONTENT
Upon completion of this recording, you will understand:
- Regulatory requirements for MSBs, Money Transmitters and Agents of Money Transmitters
- Documentation requirements needed at account opening
- Best business practices for documenting these types of high-risk reviews
WHO
This recording is designed for Client Facing Teams, BSA and Fraud, Compliance Officers, Internal Audit, Information Security/Technology, and Senior Management.
