Banking Highly Complex and Diversified MSBs

  • When: June 6, 2018
  • Time: 12:00 PM – 2:00 PM ET
  • Level: All

Risks associated with highly complex and diversified money service businesses (MSBs) include an ever-changing customer base that engages in one-time transactions, cash transactions where the source of funds is unknown, and ever-changing product offerings, agents and business locations. Despite the risks, these complex MSBs can be successfully banked by employing specific mitigating factors and risk-based practices. Our panel of bankers and MSB operators will provide insight into the complicated but surmountable risks associated with highly complex and diversified MSBs.

Learning Objectives

  • Assessing risks of various complex and diversified MSBs such as money transmitters, check cashers, and issuers and redeemers of traveler’s checks
  • Designing a risk control framework for complex MSBs including internal controls, review of the MSB’s controls, monitoring and reporting
  • Auditing highly complex and diversified MSBs to ensure business models and AML policies meet risk tolerance standards
  • Utilizing new tools and solutions developed specifically for complex MSBs and other cash intensive businesses

Who Should Attend

  • Compliance Officers
  • Risk Managers
  • Industry Consultants
  • Onboarding Managers


  • Global
  • North America
  • Bank
  • MSB


ACAMS Members Non-Members
$195 $295
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William J. Voorhees
  • William J. Voorhees; MFA, C.F.E., CAMS

  • Senior Vice President, FIU Manager
  • BB&T


Heather Allen
  • Heather Allen, CAMS

  • First Vice President, BSA Officer
  • Peoples Bank NC

Scott Butler
  • Scott Butler, CAMs-FCI

  • Chief Compliance Officer
  • Linden Lab