Money Services Businesses (MSBs)

two women and a man in business attire

Neighborhood National Bank is a premier provider of financial products and services to Money Service Business (MSBs). These businesses provide vital needs to our local communities and economies. As a general rule, businesses offering check cashing, money orders, travelers checks, money transfers, foreign currency exchange, and pre-paid access (formerly stored value) products are Money Services Businesses and are subject to Bank Secrecy Act, Office of Foreign Assets Control, and USA PATRIOT Act and other Anti-Money Laundering (AML) reporting and record keeping requirements. 

If your business is an MSB, you must:

  • Register with the Federal Government
  • Develop an Effective AML Program
  • Report Cash Transactions
  • Report Suspicious Activities

The following links can help you get started: