BSA/AML Examiner School - December 2022

12/1/2022

Money Services Businesses (MSB) Definition Doing business in one or more of the following: • Money Transmitter • IVTS • Currency dealer/exchanger • Check casher • Issuer/seller of monetary instruments or prepaid access • U.S. Postal Service

13

Money Services Businesses (MSB) Thresholds

>$1,000 for any person on any day in currency, monetary or other instruments: • Foreign exchange dealers • Check cashers • Issuer/seller of monetary instruments

14

7