msb guidelines

Guidance on Existing AML Program Rule Compliance Obligations for MSB Principals with Respect to Agent Monitoring


This guidance reiterates the anti-money laundering (AML) program obligations on the principals of money services businesses (MSBs) to understand and appropriately account for the risks associated with their agents, as broadly set forth by FinCEN in 2004 guidance primarily focused on foreign agents and counterparties. FinCEN is reiterating its guidance […]

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