A Money Services Business Guide to Money Laundering Prevention

The Financial Crimes Enforcement Network published the Money Services Business Guide to Money Laundering Prevention (pdf).

The manual starts with the definition of a “Money Service Business.”

Your business may be an MSB (Money Services Business) if…
The business offers one or more of the following services:
■ money orders
■ traveler’s checks
■ check cashing
■ currency dealing or exchange
■ stored value
-AND

The business:
■ Conducts more than $1,000 in money services business activity with the same person (in one
type of activity) on the same day.
-OR

The business:
■ Provides money transfer services in any amount.

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