Next Thursday, April 15, 2016, David Beam will present at the ACI Blockchain & Distributed Ledger Technology conference in New York City. David will participate on a panel titled “Consumer Protection on the Blockchain.”
Money Services Businesses
FinCEN “Reiterates” the Importance of MSB Agent Monitoring
By David L. Beam & Thomas Delaney on
FinCEN itself says that there’s not much new in the guidance to money services businesses that the agency released last Friday (March 11, 2016) on agent monitoring (the Guidance).1 But MSBs that rely on agents should still review the Guidance carefully. The fact that FinCEN has decided to release this Guidance now shows that…