Policy
The Money Transmission Modernization Act is a single set of nationwide standards and requirements to modernize the supervision and regulation of money transmitters.
September 19, 2024
Money Services Businesses News
Podcasts
The Model Money Transmission Modernization Act, also known as the Money Transmitter Model Law, is a single set of nationwide standards and requirements created by industry and state experts. We speak with two CSBS experts on money transmission to learn how this model law came to be, what it accomplishes
https://www.buzzsprout.com/1666465/12776803-the-money-transmission-modernization-act
Listen 00:24:06
September 19, 2024
Podcasts
In this mini-episode, we ask what qualifies as a Money Services Business and who regulates them.
Listen 4:12
September 19, 2024
Press Room
CSBS, in partnership with the MTRA, will now offer accreditation of state regulatory agencies that supervise MSBs.
September 19, 2024
Policy
CSBS is requesting comment on a Model Money Services Businesses Law for states.
September 19, 2024
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MSB BSA/AML Self-Assessment Tool The Bank Secrecy Act and related federal and state law requirements (“BSA/AML”) are a crucial component of money services businesses (“MSB” or “MSBs”) operations. As a first line of defense for financial crimes, MSBs play an important role in minimizing fraud, money laundering, terrorist financing, and other financial crimes. BSA/AML compliance has become increasingly complex, leading
September 19, 2024
Policy
The purpose of this paper is to outline the state system of supervision of MSBs in order to make clear the existence, structure and degree of an established regulatory system for MSBs.
September 19, 2024
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Specialty Certification Certified Money Service Business Examiner (CMBE) Changes to the CMBE Certification are included below and effective July 1, 2024. Objectives of the CMBE Certification Program: To achieve recognition of the skill level required for the examination and review for compliance with state and federal laws and regulations applicable to regulated licensees. Money Service Businesses include money transmitters; currency
September 19, 2024
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Specialty Certification Certified Senior Money Service Business Examiner (CSMBE) Changes to the CSMBE Certification are included below and effective July 1, 2024 Objectives of the CSMBE Certification Program: To achieve recognition of the advanced skill level required for the examination of large and complex Money Service Businesses and their compliance with state and federal laws and regulations applicable to regulated
September 19, 2024