BankersHub: Managing MSBs - Revenues VS Risks

Jay Postma, President, and Doug Dwyer, Director Bank Services, of MSB Compliance were pleased to join Kathy Tomasofsky, Executive Director of the Money Services Business Association (MSBA) in presenting on behalf of BankersHub.

The presentation focused on market challenges including de-risking, potential risks and rewards in banking MSBs, evaluating a bank's BSA program prior to expanding to bank MSBs and during an implementation process of servicing MSBs as a new line of business, understanding and addressing regulatory issues and concerns, and related matters.