Consulting

We become an extension of your compliance team.

Managing Money Services Business accounts takes specialized knowledge, ongoing oversight, and dedicated compliance resources. Instead of building and staffing an internal MSB team, credit unions rely on us to handle the day-to-day work of onboarding and supporting MSB customers.
Onboarding

Comprehensive MSB onboarding

We manage the compliance review for prospective MSB accounts, from the initial application all the way through onboarding support.
  • Collection and review of required documentation
  • State licensing verification
  • Review of compliance policies and procedures
  • Customer Due Diligence (CDD)
  • Identification of compliance gaps and follow-up requests
  • FinCEN registration verification, where applicable
  • Business ownership and entity verification
  • Risk assessments and customer risk ratings
  • Enhanced Due Diligence (EDD), when warranted
  • A complete onboarding package prepared for your review and approval

Not sure where your MSB accounts stand today?

Start with a conversation. We'll look at where you are and show you what a fully managed program looks like.
Ongoing oversight

Daily deposit review & transaction monitoring

Our work continues after the account opens. We support the day-to-day oversight of your MSB portfolio by reviewing MSB member activity and reinforcing the monitoring processes you already have in place.

Want to see how we'd watch over your portfolio?

Talk to our compliance team
  • Daily review of MSB deposits and activity (including verifying necessary CTRs, SARs and identification)
  • Documentation of compliance reviews
  • Support for periodic account reviews
  • Collection and review of updated licensing and registration documentation
  • Identification of unusual or higher-risk transactions for escalation
  • Ongoing MSB member monitoring
  • Maintenance of MSB member compliance files
  • Assistance with compliance reporting and documentation

Want to see how we'd watch over your portfolio?

Staying current

Ongoing compliance management

Our team remains a trusted compliance resource long after onboarding and daily reviews have been completed.

Rule-change monitoring

We closely monitor the regulatory landscape for MSBs, helping your program remain compliant, informed, and prepared.

Member file upkeep

Member files stay updated as requirements and circumstances change.

Periodic risk reassessment

Regular re-rating of each relationship as its activity and risk evolve.

Audit & exam support

Organized records and ready support when internal audit or regulators come calling.

Policy & procedure updates

Help keeping your policies and procedures aligned with current expectations.

Best Practice Guidance

Ongoing counsel on where the compliance bar is moving for MSB programs.

Put our compliance team to work
Why partner with us

What your credit union gains

Stronger oversight, expert support, and the ability to confidently serve MSBs, while benefiting from the new source of income.

Earn non-interest income monthly

Open a new, recurring revenue stream through the program's tiered revenue share.

Less burden on internal staff

We take on the day-to-day compliance workload so your team isn't stretched thin.

Consistent documentation

Standardized onboarding and record-keeping across every MSB relationship.

Stronger oversight

Continuous review of MSB activity keeps your program under a steady, watchful eye.

Examination readiness

Organized, thorough compliance records that hold up when examiners come calling.

Scale without new hires

Grow your MSB banking program without adding dedicated internal personnel.
Your trusted MSB compliance partner

You stay in control. We handle the day-to-day.

Every credit union retains responsibility for its compliance program and member relationships.  Our role is to act as extension of your team by performing the day-to-day compliance work, maintaining thorough documentation, and giving your credit union the information it needs to make informed decisions across the entire MSB member lifecycle.

Let's map out your MSB member program.

We'll walk you through onboarding step by step... no new staff, no operational headaches.
Get In Touch With Us