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Durable Medical Equipment Fraud (DME Fraud)

Durable Medical Equipment (DME) is defined as any medical equipment used in the home to aid in a better quality of living. The term includes wheelchairs, knee braces, hospital beds, nebulizers, walkers, etc. DME is a benefit included in most insurances including...

How to Improve Monitoring and Reporting

Better Monitoring Per federal and state guidelines, MSBs are required to monitor their customers’ transactions for suspicious and illegal activity.   Over the past year and a half, the Federal and State governments have issued a huge amount of money to...

How to Think About Employee Training

In this article we want to answer the major questions surrounding proper employee training so you can use this as a tool to improve the performance of your business.  Why you should train your employees Most mistakes that MSBs make in their businesses are...

Suspicious Activity Reporting

Suspicious Activity Reporting  Suspicious activity reporting (SAR) enables law enforcement to initiate or supplement money laundering or terrorist financing investigations as well as other criminal cases. SARs also provide FinCEN and other federal agencies in...

Top Two Reasons for MSBs to Improve Their CTR Filing Process

Top Two Reasons for MSBs to Improve Their CTR Filing Process As a partner to many MSBs throughout the country, Surety Bank has a lot of practical knowledge to share that can help you grow a better business. We take our role seriously and want to provide you with all...

Suspicious Activity Report Best Practices for MSBs

Suspicious Activity Report Best Practices for MSBs As an MSB, you are probably aware that you have to file a suspicious activity report (SAR) if you detect any kind of facts that point to suspicious financial activity. This is a necessary requirement that can either...

How to Pass Any State Exam

How to Pass Any State Exam Our ultimate goal with our MSB community is to be a resourceful partner in compliance. We want to see you succeed and see your customers succeed. In this article we’ll cover the very important topic of passing a state exam or an audit. We...