FinCEN Proposes Changes to MSB Regulations

By Richard Weatherington

Regulations governing Money Services Businesses were first proposed more than a decade ago. Since their creation, the industry’s regulatory environment has matured well beyond its developmental stage and now the Financial Crimes Enforcement Network — also known as FinCEN or the Agency — is proposing changes to the existing rules.

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Payments Evolution: A Wake up Call


By JR Gearhart

“I just want to pay my bill, lady”, the man said to the clerk, as she handed his bankcard back to him. “It’s hot, we live 42 miles from here, it’s due today, I made a special trip in to pay for it and I want to take care of it now. I’ll just write you a check.”

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