Money Service Business (MSB) Anti-Money Laundering Training

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Course Summary

Money laundering touches money service businesses more than most. This Ethena course walks MSBs through their AML and counter-terrorist financing duties, from the legal landscape to spotting risk on the front line.

AML laws and MSB obligations
KYC and customer due diligence
Transaction monitoring and reporting
Spotting red flags and emerging risks

Included Modules:

Introduction to Anti-Money Laundering

Sets up why AML training matters, using real-world examples to show how close everyday employees can be to money laundering.

AML Basics

Defines money laundering and walks through its three classic stages, placement, layering, and integration, so the core concepts are clear.

AML Legal Landscape

Outlines the key US money laundering laws that apply, including the Bank Secrecy Act, USA PATRIOT Act, and AML Act of 2020.

How Trade Is Used to Launder Money

Explains trade-based money laundering, including over- and under-invoicing, and how criminals exploit international trade to move illicit funds.

AML and CFT: What You Need to Know

Connects anti-money laundering with counter-terrorist financing, showing how the two duties differ and why both matter to your business.

Know Your Customer

Breaks down what a healthy KYC program includes and defines core concepts like beneficial owner, CIP, CDD, and EDD.

AML for MSBs

Explains what makes money service businesses higher risk and the specific FinCEN registration and AML program requirements that MSBs must meet.

Practical Anti-Money Laundering Strategies

Turns AML rules into action, covering everyday steps employees can take to identify, prevent, and escalate suspicious activity at work.

Emerging Risks

Highlights newer threats like cryptocurrency, digital payments, and evolving fraud schemes, and how they reshape money laundering risk today.

Transaction Monitoring and Reporting

Covers how to monitor transactions and file required reports, including Suspicious Activity Reports and Currency Transaction Reports with FinCEN.

What's at Stake: Money Laundering

Lays out the real consequences of AML failures, from regulatory fines and criminal penalties to lasting reputational damage for the business.

Why is this training important for workplaces?

Money service businesses like check cashers, money transmitters, and currency exchanges sit on the front line of moving cash, which makes them a prime target for criminals trying to launder illicit funds. When staff don’t know how to spot suspicious activity, file the right reports, or verify who they’re dealing with, the business risks serious penalties, lost licenses, and damage to its standing with banks and regulators. This training helps your team recognize red flags, follow Bank Secrecy Act requirements, and keep accurate records so the company stays compliant and stops bad actors from slipping through.

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