3rd Party Independent Reviews For MSBs
Last updated May 28, 2026
Independent reviews of an MSB's Anti-Money Laundering / Bank Secrecy Act program are required by federal regulation. This is a comprehensive review and report covering all aspects of an MSB's operations, including:
- Policies and procedures
- Compliance manual
- Training
- Documentation retention
- State filings and reports
- Monitoring and testing
- Software efficacy and compliance
- CTRs
- SARs
- Registration as an MSB (RMSB)
- Compliance officer responsibilities