MSB Compliance, Inc. provides outstanding consulting services and support directly to banks in addition to working directly with money services businesses.

You'll appreciate the thoroughness and quality of our work - and find our rates quite reasonable compared to those of larger consulting firms. You'll also find that we appreciate the privilege and honor of working tirelessly on your behalf to ensure appropriate management of BSA/AML and OFAC risk.

Independent Annual BSA/AML Compliance Review

We perform thorough BSA/AML/OFAC Independent Reviews consistent with the FFIEC's BSA/AML Examination Manual to help ensure the safe and sound operation of community banks.

Reviews are thorough, clearly documented and reviewed with you carefully prior to finalization to ensure accuracy.

As in all areas of BSA compliance, we do excellent work and have excellent references. The opportunity to present our credentials, develop a relationship, submit a bid and earn your business will be appreciated!

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MSB Portfolio Review

MSB Compliance Inc. can help you effectively manage the risk of banking money services businesses. You'll be able to maintain these profitable relationships and sleep well knowing that your risk is being managed effectively.

Outside of your own Annual Independent Review for BSA compliance, we can:

  • Perform a detailed MSB file review for you;
  • Review system reporting and transaction logs with you to help ensure that all MSBs have been identified;
  • Extend your annual BSA training program outside the bank to one of your potentially high risk customer groups;
  • Perform documented site reviews of your MSB account relationships;
  • Perform independent reviews of your MSB account relationships

Let us help you to ensure effective, ongoing management and review of these potentially high risk / high reward customers. Assistance is available at reasonable rates plus materials and travel.

Please call or use the Contact Us page to learn more.

Consulting & Remediation Projects

The company performing your annual independent review is limited in their ability to further assist you through consulting, developing and implementing corrective actions - they need to maintain appropriate distance in order to maintain their "independence". And... if problems are identified, you may not have sufficient resources or depth to correct problems as quickly as necessary.

MSB Compliance can help you! We have experience in performing BSA consulting work with community banks and transforming BSA compliance programs. If you need help to correct or prevent BSA compliance program deficiencies, MSB Compliance can quickly help you to:

  • Perform detailed, meaningful and effective risk assessments;
  • Develop tailored BSA/AML Compliance Programs (including OFAC);
  • Provide effective staff training;
  • Implement FinCEN's BSA eFiling;
  • Review and evaluate BSA software solutions;
  • Identify and prioritize CIF record scrubbing;
  • Perform transaction reviews for potentially suspicious activity;
  • Review CTR exemption and filing records;
  • Review SAR filing quality, ongoing monitoring and refiling decisions;
  • Provide developmental coaching and training to new BSA officers and support staff.

Need help? Let us know! We're highly capable and happy to provide assistance beyond helping you manage your valuable MSB relationships.

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Board of Director & Employee Training

MSB Compliance Inc. works with banks, principal money transmitters and check cashers. We've seen and worked with a large variety of financial institutions and can help you understand the risks, responsibilities, requirements and potential rewards. We love BSA work and it shows. You'll stay awake, be informed and be engaged!

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Please contact us today to initiate a conversation and learn how we can help your bank. It will be the start of a beautiful relationship.