MSBs and High-Risk Businesses: Finding and Retaining Banking Services

  • When: April 26, 2017
  • Time: 12:00 PM – 2:00 PM ET
  • Level: Intermediate – Advanced

From cashing checks, issuing and selling travelers’ checks and money orders, transmitting money across the globe to selling prepaid cards—MSBs are often engaged in high-risk businesses and customers that make it difficult to find and retain banking services. Ultimately, there shouldn’t be prohibition on banking MSBs and high-risk businesses—however, there are practical strategies these businesses can implement to increase the odds of obtaining and retaining banking partners when dealing with increased regulator demands. Join this webinar as our panel of experts from both sectors provide risk-based practices to successfully satisfy banker expectations.

Learning Objectives

  • Creating an institutional risk tolerance to determine those most likely to bank MSBs and high-risk businesses
  • Implementing thorough KYC/CDD policies and risk management systems to exceed banker expectations
  • Organizing and providing documentation to aid due diligence and risk assessment processes

Who Should Attend

  • Compliance Officers
  • Risk Managers
  • On-boarding Managers
  • MSB Managers
  • Relationship Managers

Region/Industry

  • Global
  • Bank
  • MSB

Pricing

ACAMS Members Non-Members
$195 $295
Register Now Join ACAMS

Moderator

Laura Goldzung
  • Laura Goldzung

  • President & CEO
  • AML Audit Services, LLC

Speakers

Gregory Lisa
  • Gregory Lisa

  • Partner
  • Hogan Lovells LLP

Amanda Tucker
  • Amanda Tucker

  • Executive Vice President, Chief Operating & Risk Officer
  • Old Dominion Bank