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#1996110 - 02/13/15 08:50 PM BSA/AML Policy for a MSB
CrashDavis Offline
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Joined: Jun 2005
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We have a customer that is a Money Service Business and is registered as one. He is needing to develop a BSA/AML policy for a MSB. Where can he find one. Thanks

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#1996133 - 02/13/15 09:23 PM Re: BSA/AML Policy for a MSB CrashDavis
John Burnett Online
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John Burnett
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Most definitely he should not be looking to you to supply it.
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#1996137 - 02/13/15 09:26 PM Re: BSA/AML Policy for a MSB CrashDavis
rlcarey Online
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Tell them to google "MSB BSA Policy example". There are several readily available on-line.
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#1996217 - 02/14/15 12:19 PM Re: BSA/AML Policy for a MSB CrashDavis
Elwood P. Dowd Offline
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Next to Harvey
The value of any "policy" is in writing it and then referring to it as necessary so you are not constantly rehandling the same decisions. If he's going to blow it off by using a "go-by" provided by a third party, I suggest you don't help him.
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#1996338 - 02/17/15 03:33 PM Re: BSA/AML Policy for a MSB CrashDavis
CrashDavis Offline
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Joined: Jun 2005
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Thanks. I am not going to provide them one but I will tell them to google MSB BSA Policy Example. Thanks

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#2002537 - 03/19/15 02:51 AM Re: BSA/AML Policy for a MSB CrashDavis
bhazzard Offline
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What we do when we receive these types of requests or recognize a business acting as an MSB and have not submitted their BSA/AML policy to us, is provide them the FinCEN handouts on MSB BSA/AML responsibility,guidance on what banks are expected to obtain, the FinCEN hotline number and then require their policies and registration within 30 days.

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#2002617 - 03/19/15 03:04 PM Re: BSA/AML Policy for a MSB bhazzard
*W*W* Offline
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Joined: Feb 2010
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Speaking of lack of MSB policies

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