The Financial Crimes Enforcement Network issued a statement this morning about money service businesses. Money services businesses including money transmitters important to the global flow of remittances, are losing access to banking services, which may in part be a result of concerns about regulatory scrutiny, the perceived risks presented by money services business accounts, and the costs and burdens associated with maintaining such accounts.
FinCEN Requests Banks Not Blindly Terminate MSB Bank Accounts
Sunday, 15 November 2015
FinCEN Requests Banks Not Blindly Terminate MSB Bank Accounts
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment