Briefs
FinCen clarifies rules for MSBs
In late September, the Financial Crimes Enforcement Network issued new guidance designed to assist money services businesses in understanding the regulatory requirements regarding conducting independent reviews of their anti-money laundering (AML) programs. While the US rules require money service bureaus to have an independent audit function to test programmes, it wanted to make clear that money services businesses are not required to hire a certified public accountant or an outside consultant
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