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.
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