Money Service Business (MSB) Tracking
The BSA Tracker provides unparalleled tracking functionality for banks that bank money service business (MSB’s) or check cashing businesses. The information collected for these types of business can be gathered from a variety of sources including, but not limited to, the branch personnel, new account personnel, and account managers, or other sources. The data can automatically be imported into the Tracker or can be input through the customer/member Workshop. You can access the Money Service Business or Check Cashing worksheet by going to a customer/member workshop and clicking on the KYC tab then clicking on the NBFI (non-bank financial institutions) then Money Service Business (MSB) tab shown on the next page.
The MSB Workshop allows users to document and track: