Introductory BSA/AML Examiner School, Atlanta, CA
Money Transmitters
Business Model – Agent included
Money Transmitter
Receiving Agent
Branch or Agent
Sender
Recipient
MSB Examinations
• IRS examines for BSA compliance
• States examine for financial safety and soundness, as well as BSA compliance – More emphasis on financial safety and soundness – May not examine for all financial services • IRS and States use the Bank Secrecy Act/Anti- Money Laundering Examination Manual for Money Services Businesses
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