10/24/2011
Does a check cashing MSB have to check names against the OFAC list? The MSB does no other MSB activities but check cashing. I have called FinCen numerous times and they have not returned my call. Someone at OFAC referred me to Title 31 which also did not address or answer my question.
04/25/2011
Can MSBs cash checks made payable to a business?
08/30/2010
Our bank has a business customer who printed checks with different remitters. The checks are clearing through one account. Should we close the account? What potential liability could we have?
05/15/2009
BSA Exemption Review Form
by Brenda S. Canterbury
Senior Compliance Manager, Specialty Businesses
RBC Bank (USA)
01/02/2006
In the event our bank only has a lending relationship with a NBFI/MSB, are we (the bank) required to obtain the same type of licensure verification (ie., state registration for a NBFI and FinCEN for a MSB) as we would normal require if they maintained a depository relationship with us?
10/01/2005
Question: I cannot find any regulation that states that our CIP must address our responsibilities when a customer qualifies as an MSB.
08/01/2005
The new BSA examination procedures are risk-based.
06/20/2005
Third Party Checks. Does depositing third party checks trigger any part of BSA since we do not know the original party that the check is payable to?
06/01/2005
If you have small business customers that may be MSBs under the current definition, you might consider including a statement stuffer to these customers that explains the MSB rules and how the custo
05/16/2005
I assume that on the loan side we need to determine whether the customer is an MSB and get all the required documents. However, from a practical standpoint, how does one monitor such a relationship if all they have with us is a loan?