Money Service Businesses, Money Transmitters

Differences between Money Service Businesses, Money Transmitters and Agents of Money Transmitters

Thursday, October 14, 2021
2:00 – 3:00 pm (Eastern Time)

This payments webinar will provide attendees with a clear understanding of the difference between MSBs, Money Transmitters and Agents of Money Transmitters.  Learn best business practices for risk rating the different types of businesses at account opening, regulatory requirements for monitoring these types of relationships, documentation requirements and best business practices for performing high-risk reviews and ongoing monitoring of suspicious activity. 

Topics include:

  • Regulatory requirements for MSBs, Money Transmitters and Agents of Money Transmitters
  • Clear differences between these groups of higher risk clients
  • Best business practices for banking these higher risk clients
  • Documentation requirements at account opening and throughout duration of relationship

BONUS MATERIAL:
This payments webinar will include a frequently asked questions document 

Who Should Attend:

  • BSA/AML Officers and Support Staff
  • Branch management
  • Customer Service Representatives
  • Tellers 
  • Call Centers
  • Electronic Banking 
  • Risk Management 
  • Deposit Operations
  • Compliance 
  • Internal Audit
  • Information Security 
  • Executive Management

Instructor

Terri Sands
Secura Risk Management / Founder


Throughout her career, Terri has served as a leader in the payments and fraud prevention industry, providing education, risk management and compliance consulting and support services geared toward the specific needs of financial organizations.

Terri is an Advanced Certified Anti-Money Laundering Specialist, an At-Risk Adult Crime Specialist and an Accredited ACH Professional. Prior to founding Secura, Terri served as co-founder of Payments Information Circle (PIC), a service organization providing payments industry education, auditing, consulting, resources, and support services to financial organizations throughout the country. Prior to her work at PIC, Terri also served as the President of GACHA, a non-profit, regional payments association where she provided strategic direction for financial institutions in the payments industry. Terri began her career in payments as a Senior Analyst with the Federal Reserve Bank of Atlanta where she provided training throughout the Sixth District and served on the Federal Reserve ACH Conversion Team that consolidated ACH Services for all branch locations in the Sixth District.
 

Attendance verification for CE credits provided upon request.

Webinar Sponsored by BankersHUB

If you are having issues with registering online, please contact CBAO's Education, Training & Special Event Coordinator, Patti Webb, (614) 610-1877.

 Registration (Member/Non-Member Pricing)

Webinar and Playback* ($295/$445)
*Playback has no expiration. 

Additional Hookup - Registering another banker from a different location ($185/$225)

 
When
10/14/2021

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