Banking Money Service Businesses – Generate Revenue by Managing Risk

Sep 26, 2018 02:00pm -
Sep 26, 2018 03:00pm

Event Description

In the current environment, Financial Institutions of all size are de-risking by declining to bank Money Service Businesses (MSBs). This banking webinar will provide an overview of the current regulations for MSBs and assist FIs in understanding how to profitably bank these companies.

Specifically, we will address the perceptions versus the realities of banking MSB’s. New opportunities for revenue at your bank exist but must be carefully added. Understanding of the requirements, the operations and the audits that MSB’s operate under will allow you to better evaluate the companies.

Money Service Businesses provide many beneficial services to the unbanked and underbanked. The current regulatory climate is opening the door to encourage banks to promote a transparent system, and provide banking services to these companies.

This timely training is aimed at addressing the perceptions versus the realities of banking MSB’s and assisting you in understanding new opportunities for revenue for your bank. An understanding of the requirements, the operations and the audits that MSB’s operate under will be provided. By understanding the current regulatory regime applied to MSBs, FIs may begin to mitigate perceived residual risks for banking these entities and open their offices to profitable lines of business.

Topics Covered:

  • MSB’s – What are the products that fall into this category? Existing and new FinTech companies
  • Regulatory obligations of the MSB – Federal and State
  • Trends and system changes – Vision 2020 , CFPB , Virtual Currency
  • Keys to documenting MSB compliance at the Bank
  • Top 5 Best Practices for Banking MSB’s

Who Should Attend:
Audit, Business and Commercial Banking, Executive Suite, Legal, Regulatory Compliance


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

Event Type:Webinar &/or On-Demand Link/CD
Category:NE Region Meeting
Early registration ends on Jul 13, 2018.
Regular registration starts on Jul 14, 2018 and ends on Mar 27, 2019.
Late registration starts on Mar 28, 2019.
(GMT-05:00) Eastern Time (US & Canada)


Registration Fees
Fee TypeEarlyRegularLate
 Live Webinar
Member Fee: $265.00$265.00$290.00
Non-Member Fee: $400.00$400.00$425.00
 Additional Hookups
Member Fee: $175.00$175.00$175.00
Non-Member Fee: $260.00$260.00$260.00