2019 - Banking MSBs: BSA/AML Risks, Mitigation of Risks and Rewards

Market challenges facing Financial Institutions within the current BSA/AML de-risking environment
Defining MSBs and other higher risk “payments” entities
Perceptions and misperceptions of MSBs
Treasury / Cash Management products and services that are generally of the highest demand for MSBs
Varying levels of risk between MSB entities within the same type of MSB industry
Indications that an MSB’s BSA/AML compliance program is or is not a “check the box” regime
Primary concerns of regulators with those Financial Institutions expanding services with MSB customers
The “investments” financial institutions need to consider in expanding services and relationships with higher BSA/AML risk customers