Maryland Check Casher’s Conference
Attendance is FREE but you MUST REGISTER to attend Lunch included along with snacks & beverages for breaks!
Federal compliance requirements for MSBs –
Presentation by Louis Skenderis (Regulatory Interpretation Specialist with FinCEN)
- An overview of federal regulations and requirements for Money Service Businesses.
- Bank Secrecy Act, USA Patriot Act and other regulations will be reviewed.
- Who must register as a MSB, when & how to register
The ‘4 pillars’ required of a MSB – What they mean & how to comply correctly:
- Written policies and procedures
- Appointment of Compliance Officer
- Initial and ongoing training
- Independent Review
Maryland check cashing regulations –
Presentation by staff of MD. Office of Financial Regulation
- What is required by statute of a Maryland check casher
- Information regarding state audits of licensed check cashers.
State licensing, renewals & use of NMLS system –
Presentation by staff of MD. Office of Financial Regulation
- Who must be licensed to offer check cashing services & who can offer the services under an exemption from licensing
- When and how to renew licenses
- How to use the NMLS system for licensing and renewals
MSB Friendly Bank Panel
- A panel of representatives from banks that accepts applications from MSB’s will discuss their policies for opening accounts.
Industry news and business operations
- Information on check cashing issues on both Federal & State level
- Opportunity to discuss and ask questions about issues you may be experiencing in operating your business.
Vendor Exhibitions
- Vendors will be present to discuss the products and services they offer to check cashers
- Discover what products are available for check cashers to offer and who offers them
Certificate of Attendance will be provided upon request