This ACAMS webinar provided a critical briefing for MSBs of all sizes. Be prepared for what’s on the horizon in the coming year and participate in a look-back of the MoneyGram deferred prosecution agreement (DPA) for its failure to maintain an effective AML program. Hear seasoned speakers in the money remittance industry break down the…
ACAMS Webinar – MSB AML Compliance Briefing: Preparing for 2013
By jay | Published February 20th, 2013Western Union 2012 Consumer Protection & Compliance Conference
By jay | Published September 18th, 2012Mr. Postma presented during two breakout sessions at Western Union’s 2012 Consumer Protection & Compliance Conference on “Banking MSBs as the Regulatory Landscape Changes – Bank’s DD on MSBs”. Participants learned to recognize, better understand and more fully appreciate a bank’s needs and concerns when servicing money services businesses. Discussion covered constructive avenues of communication…
MSB Georgia Association annual conference
By jay | Published August 23rd, 2012At the annual meeting of the MSBGA Association, Mr. Jay Postma, President of MSB Compliance Inc. presented on “Managing Bank Compliance Relationships.” The presentation focused on helping MSBs better understand the potential risks faced by banks servicing MSBs, appreciate the mitigation decisions of their banks, and how to take initiative in better partnering with their…
International Money Transmitters Conference – West 2012
By jay | Published May 31st, 2012During the Compliance Seminar series of the International Money Transmitters Conference West 2012 conference held in Los Angeles, Jay Postma, CAMS, President and Fernanda Medina, CAMS, BSA/AML Compliance Specialist presented. Mr. Postma presented on Managing Bank Compliance Relationships which focused on helping participants to better recognize and understand a bank’s needs and concerns when servicing…
Community Bankers Association of Georgia – BSA Officers School
By jay | Published May 17th, 2012Jay Postma, CAMS, President of MSB Compliance presented at the Community Bankers Association of Georgia’s BSA Officer’s School. Mr. Postma presented on “Understanding Money Services Businesses & Common Issues Found During Examination.” Participants learned many of the reasons why banked, underbanked and unbanked persons choose to use various transactional financial services provided by money services…
ACAMS Webinar – MSB Risk Management, Compliance and Money Laundering Challenges in 2012
By jay | Published May 9th, 2012This ACAMS web seminar focused on the regulatory fundamentals for MSBs: what is your exposure to enforcement action and how do you fortify your institution’s AML program? Participants listened and asked questions as presenters reviewed the specific BSA Regulations, section by section. Attendees learned the definition of a money services business; the requirements to have…
ACAMS Atlanta Chapter Meeting
By jay | Published November 3rd, 2011Jay Postma, CAMS, Co-Chairman of the ACAMS Atlanta Chapter was very pleased to welcome and introduce Attorney Judith “Judie” Rinearson of Bryan Cave LLP at the November 3, 2011 quarterly meeting. Judie is one of the top lawyers working on Prepaid nationally and a frequent speaker at industry conferences. As one can consistently expect with…
International Money Transmitters Conference – Miami 2011
By jay | Published October 14th, 2011MSB Compliance Inc. participated as a Bronze Sponsor at the International Money Transmitters Conference held October 11 – 14, 2011 at the Hilton Miami Downtown Hotel in Miami, Florida. Attending the various conference sessions and manning the trade show booth were Jay Postma, CAMS, President, Fernanda Medina, CAMS, BSA/AML Compliance Specialist, and Erica Harper, CAMS,…
2011 Western Union Strategic & Key Account Fraud/Compliance Conference
By jay | Published September 19th, 2011Jay Postma, CAMS, President of MSB Compliance Inc. served the financial community as a speaker at the 2011 Western Union annual conference. Mr. Postma spoke on “Effectively Risk Rating Your Products, Consumers and Locations.” Participants learned the requirements and importance of risk assessment as part of ensuring an effective Bank Secrecy Act / Anti-Money Laundering…
MSB Georgia Association 2011 Annual Conference
By jay | Published August 25th, 2011Jay Postma, CAMS, President of MSB Compliance Inc. participated as a speaker at the 2011 annual conference of the MSB Georgia Association. Patricia Jest, special agent with the IRS, kicked off a panel discussion about how important the small MSB’s are to defending against and helping to stop the money laundering and other crimes that…