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#341978 - 04/01/05 07:39 PM Stored Value for Payroll - MSB?
Mel Offline
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Joined: Mar 2004
Posts: 100
If an employer issues stored value cards to pay their employees are they an MSB?

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BSA/AML/CIP/OFAC Forum
#341979 - 04/01/05 08:22 PM Re: Stored Value for Payroll - MSB?
Anonymous
Unregistered

God, I hope not.....

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#341980 - 04/04/05 06:55 PM Re: Stored Value for Payroll - MSB?
BrendaC Offline
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BrendaC
Joined: Sep 2001
Posts: 6,029
Sweet Home AL
You would need to look at the specific stored value program to determine who is actually "issuing" the cards. In our case, the bank is the card issuer, not the employer.
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