Legal Compliance & AML Programs for Money Services Businesses (MSB)
We design and document your Anti-Money Laundering (AML) Program, compliance manuals and audits so your MSB can operate safely and confidently under U.S. regulations.
Compliance & AML Services for MSBs
We support your business throughout the compliance cycle: AML program design, documentation, training, independent audits and MSB registration with FinCEN.
AML Programs & Documentation
We implement an AML program tailored to your agency operations.
- Design of MSB-specific AML Programs.
- Bilingual legal compliance manuals.
- Compliance diagnostics and regulatory risk assessments.
- Guidance on required records and documentation.
Training & Compliance Officer
Strengthen your team’s compliance culture.
- Support and guidance for the Compliance Officer.
- Training for owners and employees.
- Ongoing updates on AML policies and MSB regulations.
Audits & Regulatory Oversight
Be prepared for internal and external reviews.
- Independent annual AML audits for MSBs.
- Support during IRS and regulatory examinations.
- Audit reports with clear corrective recommendations.
MSB Registration & Renewal
Avoid errors and penalties for non-compliance.
- Initial MSB registration with FinCEN.
- Timely MSB renewals.
- Prevention of regulatory findings and sanctions.
Why work with SMS & Consulting?
We specialize in legal compliance for Money Services Businesses, with a preventive, practical and bilingual approach tailored to your MSB.
- Specific experience in MSB regulation and AML programs.
- Clear, customized documentation for each business.
- Ongoing professional support and guidance.
- Confidential and professional handling of sensitive information.
Frequently Asked Questions
We address the most common questions MSB owners have about compliance, AML programs and audits.
What is a Money Services Business (MSB)?
A business that provides services such as money transfers, check cashing or money orders and must comply with federal and state regulations in the U.S.
Is an AML Program mandatory for MSBs?
Yes. Every MSB must have a written AML Program that is current and aligned with FinCEN requirements.
Does the AML Program need to be bilingual?
It must be available in English; a bilingual version greatly helps with staff training and day-to-day implementation in Spanish-speaking teams.
Who can serve as Compliance Officer?
Someone with sufficient authority and knowledge to oversee the AML Program and regulatory obligations of the MSB.
Protect your MSB with a solid AML Program
A well-designed and documented AML Program is your best defense against audits, findings and penalties.
Direct contact: 224-542-9950 – Andrea Hernandez
Contact
Phone: 224-542-9950
Email: contact@smsandconsulting.com
Contact: Andrea Hernandez
Services: Legal Compliance and AML Programs for MSBs.
Send us a message
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