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