MSB or Not MSB? That Is the Question (for Determining Applicability of Anti-Money Laundering Rules)

Over the last 20 years, commerce, finance, and banking have become increasingly digital. Anti-money laundering (AML) regulators have found themselves catching up with the pace of technological innovation.1 As AML regulators have promulgated new regulations to address the money laundering risks that technological innovations introduce, an increasing number of companies now qualify as financial institutions subject to AML regulation or have had to structure their products and services to avoid qualifying as financial institutions. Read the complete article here.