Money Services Businesses (MSBs) are non-bank financial institutions that transmit or convert money. Like banks, they are subject to regulatory review by the Internal Revenue Service (IRS) and must be registered with the Financial Crimes Enforcement Network (FinCEN). They must also comply with the Bank Secrecy Act along with other various state and federal laws and regulations.
What is Money Services Banking (MSB)?
As a busy mortgage loan officer, maximizing your success in a high-volume market starts with your ability to manage a significant number of leads at times. Do you know how to sequence your contacts throughout the day to prioritize top opportunities for sales?