The following are resources that Money Service Businesses can utilize in the development and execution of their compliance program. Chesapeake Compliance Consultants is available should you have any questions about these resources, their usage or should you need compliance assistance beyond what these resources provide.
MSB Exam Materials
Click above link to access publications provide guidance to officials examining money services businesses (MSBs) for compliance with the requirements of the Bank Secrecy Act (BSA)
MSB Registration Page
In keeping compliant all financial institutions and money service businesses must register themselves with the US Department of the Treasury
Download important materials and pamplets from the United States Department of the Treasury by clicking on the above link
Office of Foreign Assets Control
The Office of Foreign Assets Control (“OFAC”) of the US Department of the Treasury administers and enforces economic and trade sanctions based on US foreign policy and national security. To access click on the link above
FREE advanced search algorithm available to everyone, not just large corporations. Now you can search the OFAC SDN list without the need of expensive compliance software.
IRS for MSBs
The IRS link offering information and resources on reporting and anti-laundering advice etc.