Glossary

Money Services Business (MSB)

Money Services Business is a legal term defined by federal law and regulation. Part of a 1999 ruling revising the regulatory definitions of certain non-bank financial institutions for purposes of the Bank Secrecy Act (BSA). This include non-bank financial institutions, currency dealers, exchange companies and travelers check issuers.

Related Terms

  • International Bank Account Number (IBAN)

    The International Bank Account Number (IBAN) is an international standard for identifying bank accounts across national borders in a way that would minimise the risk of propagating transcription errors.

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  • Non-SDN list

    Non-SDN list also known as the PLC list. Listed are individuals who are members of the Palestinian Legislative Council, and transactions with these individuals must be rejected. Non-SDN list is a key list to be...

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