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...