Tuesday, January 25, 2022
2:00 – 3:00 pm (Eastern Time)
1:00 – 2:00 pm (Central Time)
12:00 – 1:00 pm (Mountain Time)
11:00 – 12:00 pm (Pacific Time)
Understanding the difference between MSBs, Money Transmitters and agents of money transmitters are important to determine the level of risk and required documentation needed to appropriate manage the relationship. This webinar provides attendees with a clear understanding of the difference between MSBs, Money Transmitters and Agents of Money Transmitters, documentation required, and best business practices for monitoring these relationships throughout the duration of the relationship. This webinar will also discuss case studies of how financial institutions learned they had these types of clients without knowledge of the clients banking with them.
- Regulatory requirements for MSBs, Money Transmitters and Agents of Money Transmitters
- Documentation requirements needed at account opening
- Best business practices for documenting these types of high-risk reviews
Who Should Attend?
- Client Facing Teams
- BSA and Fraud
- Compliance Officers
- Internal Audit
- Information Security/Technology
- Senior Management
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.
1.0 CPE Credits & 1.2 AAP Credits