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FinCEN Statement on Providing Banking Services to Money Services Businesses

FinCEN Statement on Providing Banking Services to Money Services Businesses

FinCEN believes it is important to reiterate the fact that banking organizations can serve the MSB industry while meeting their Bank Secrecy Act obligations.  Currently, there is concern that banks are indiscriminately terminating the accounts of all MSBs, or refusing to open accounts for any MSBs, thereby eliminating them as a category of customers. Please click on the link below to read the entire FinCen Statement:

FInCEN Statement on MSB Bank Account Closing NOV 10 2014

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