Insights: New MSB Examination Manual Challenges Regulators, Industry and Banks

    3 April 2009

    The release of the long anticipated Bank Secrecy Act/Anti-Money Laundering Examination Manual for Money Services Businesses (MSB Manual) has left many regulators, money services business (MSB) and banks struggling to understand what the manual means for them. Uncertainty exists as to how the manual will affect the efforts of MSBs to meet recordkeeping and reporting obligations and prevent them from being used to facilitate money laundering and terrorist financing activities.

    This is reprinted with permission from Fortent Inform and