Enhancing AML Compliance Regimes in MSB Sectors Webinar

There has been a lot of debate in the media on the extent of the money service business (MSB) sectors’ adaptation and adherence to creating a solid compliance regime with respect to AML/CTF regulations. Many banks have decided to end long-term relationships with the MSB sector, refuse to open bank accounts for businesses that fall into FINTRAC’s definition of a MSB, or have adopted de-risking strategies to manage perceived compliance MSB risks. This webinar provides further insight into MSB-sector issues such as unique compliance challenges and solutions when finding and retaining banking services, as well as implementing risk-based practices.

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