CSBS and MTRA Issue White Paper on State Supervision of MSBs
WASHINGTON, D.C. – The Conference of State Bank Supervisors and the Money Transmitter Regulators Association (MTRA) today released a white paper on the state system of regulation and supervision for money services businesses (MSBs). The white paper outlines the structure and degree of an established state regulatory system for overseeing MSBs that is focused on consumer protection, safety and soundness and Bank Secrecy Act and Anti-Money Laundering (BSA/AML) compliance.
Here is the link to the full media advisory
The white paper is available on the CSBS website here.