MSB BSA/AML Compliance Guide

ONLY $325.00 FOR NMTA MEMBERS!

Act now to comply with the Bank Secrecy Act and Manage your Banking Relationship!

Save Money and Protect Yourself from Risk!

This manual and the accompanying templates and forms are an excellent resource to help MSBs! It's truly a bargain at only $395.00! The guide and accompanying forms and templates will help the owner, manager, or other responsible employee to save money and meet the following objectives:

• Be informed of the requirements placed upon MSBs under the Bank Secrecy Act;
• Take effective steps to comply with Bank Secrecy Act;
• Satisfy the concerns of the bank or other financial institution used by the MSB; and,
• Provide customizable templates and forms to help the MSBs meet each of the above objectives.

The manual is broken down into the following sections:

• BSA/AML Compliance for Money Services Businesses
• Managing Your Banking Relationship (If you aren't managing your bank relationship - you may find yourself without one.)
• Preparing an Information Package for your Bank
• Money Laundering & Terrorist Financing
• Customer Identification Program
• Ceasing to be a Money Services Business
• Naming a BSA Compliance Officer
• Registering an MSB with FinCEN
• The MSB Risk Assessment
• Internal Policies, Procedures and Controls
• Training of Employees
• Independent Compliance Review
• Government Examinations of MSBs
• Monetary Instrument Log
• Currency Transaction Reports (CTR)
• Suspicious Activity Report (SAR-MSB)
• Funds Transfer Activities
• Currency Exchange Activities
• BSA Direct eFiling
• BSA Record Retention

Additional information provided in the Appendices includes:

• Sample forms and templates

• Resolution to Cease MSB Operations
• Sample Check Cashing Policy to cease being an MSB
• Sample memos to document errors and exceptions to company files
• Resolution to name a BSA Compliance Officer
• Customer Identification template to document information for an MSB's bank
• Customer Due Diligence template to document information for an MSB's bank
• MSB Risk Assessment (template)
• MSB BSA/AML Compliance Program (template)
• Resolution to adopt BSA AML Compliance Program
• Employee Acknowledgement of BSA/AML Compliance Program
• Training documentation form
• Independent Review of BSA/AML Compliance Program (template)
• Sample Employee Hiring Practices (template)
• Information transmittal letter to bank

• The Bank Secrecy Act
• FinCEN Guidance concerning MSBs

A printed and bound copy of the manual will be sent to purchasers. Electronic copies of the forms and templates are downloadable at the time of purchase.

NMTA members will obtain a $70.00 discount by purchasing the materials from the NMTA website.