Jay Postma, President
Certified Anti-Money Laundering Specialist
MSB Compliance, Inc., established in 2006, provides regulatory compliance consulting services and compliance products to money services businesses and banks.
The company's services cover Bank Secrecy Act / Anti-Money Laundering, USA PATRIOT Act, OFAC, and state requirements of MSBs. The company also sells a written Bank Secrecy Act compliance guidebook for MSBs containing templates, forms and instructions enabling MSBs to better develop and maintain sound compliance programs; the guide has been endorsed and is recommended by the National Money Transmitters Association and by MSBGA Association.
The company also founded and is the lead sponsor of the MSB industry's Internet information portal MoneyServicesBusiness.com.
Vision
To make it easier for Money Services Businesses to
understand and comply with the Bank Secrecy Act; to
enable them to implement and maintain effective
Anti-Money Laundering Compliance Programs; to
enable them to maintain vital banking
relationships; and, to help them be effective in
protecting their customers and communities from
criminal and terrorist financing activities.
To assist banks in effectively managing MSB risk and maintaining profitable relationships with compliant MSBs.
One of the ways MSB Compliance Inc. is working towards this vision is by sponsoring the MSB industry information portal www.MoneyServicesBusiness.com.
To assist banks in effectively managing MSB risk and maintaining profitable relationships with compliant MSBs.
One of the ways MSB Compliance Inc. is working towards this vision is by sponsoring the MSB industry information portal www.MoneyServicesBusiness.com.
Mission
MSB Compliance, Inc. will attract and retain
talented, knowledgeable, ethical and motivated
employees.
Through a culture of integrity that continually strives for excellence, we will provide MSBs with the information, templates, tools, advice and best practices necessary to maintain an effective Anti-Money Laundering Program compliant with the Bank Secrecy Act and state regulations. We will consistently strive to display good stewardship, servant leadership and disciplined entrepreneurship. We will serve our customers well by providing exceptional value and by assisting them in maintaining effective compliance programs that protect their business, their customers, their communities and our nation.
Through a culture of integrity that continually strives for excellence, we will provide MSBs with the information, templates, tools, advice and best practices necessary to maintain an effective Anti-Money Laundering Program compliant with the Bank Secrecy Act and state regulations. We will consistently strive to display good stewardship, servant leadership and disciplined entrepreneurship. We will serve our customers well by providing exceptional value and by assisting them in maintaining effective compliance programs that protect their business, their customers, their communities and our nation.
Core Values
- We believe all people are children of God and equally deserving of respect.
- Our values and operating principles must be written on our hearts.
- We will do a few things really well and stay focused.
- We will honor the needs and resources entrusted to us by our customers, employees and shareholders and seek to balance their interests.
- It is important that customers and employees feel free to speak openly and honestly at all times.
- We owe each customer accurate, consistent, and effective guidance delivered by well-trained compliance consultants and well-crafted compliance materials.
Management
Jay Postma, President
Certified Anti-Money Laundering Specialist (CAMS)
Mr. Postma has over 25 years experience in the Banking, Financial Services, and Software Development industries. At the Federal Reserve Bank of Atlanta's New Orleans and Atlanta branches and later at MCI Telecommunications, Mr. Postma became known for his skill in turning around troubled operating departments, bringing these departments into compliance with regulatory requirements, improving productivity and customer service, and in controlling costs.
As a founding principal of Towne Services, a publicly traded provider of services and products that process sales and payment information and related financing transactions for small businesses and community banks in the United States, Mr. Postma served as Vice President, Operations. Mr. Postma was instrumental in developing the company's products and pricing strategies, and in creating the product features, requirements, and processing logic.
As a founding principal of El Banco Financial Corporation and its subsidiary El Banco de Nuestra Comunidad, Mr. Postma served as Vice President and Secretary. El Banco is a financial services company focused on providing traditional and non-traditional bank and financial services to the un-served and under-served Latino immigrant market.
Mr. Postma later served as Vice President, Division Operations Manager, and Bank Secrecy Act Officer with Flag Bank until its acquisition by RBC Centura. In this role, Mr. Postma advised executive management and the Board of Directors of increasingly stringent BSA regulatory expectations and revised, developed and implemented formal compliance policies and procedures.
Mr. Postma has significant experience working both as an employee and as an entrepreneur with banks, financial service companies, and business customers. Mr. Postma has built and reinvented Operations and Customer Service departments and managed both growing and diminishing operating departments.
Mr. Postma holds a Bachelor of Science in Management Science from the Georgia Institute of Technology.
Additionally, Mr. Postma has achieved recognition as a Certified Anti-Money Laundering Specialist (CAMS) through the Association of Certified Anti-Money Laundering Specialists (ACAMS).
The company maintains memberships in the Association of Certified Anti-Money Laundering Specialists (ACAMS), the Community Bankers Association of Georgia, the Georgia Bankers Association, the National Money Transmitters Association (NMTA.us), the Financial Service Centers of America and in MSBGA Association.
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