U.S. Treasurer Anna Escobedo Cabral
announced new outreach materials for money
services businesses (MSBs) in seven foreign
languages. In addition to English, the materials
are now available in Spanish, Chinese, Vietnamese,
Korean, Arabic, Farsi and Russian.
materials were produced in these languages to
enhance MSB outreach efforts to ethnic communities
affected by Bank Secrecy Act (BSA) requirements.
The Financial Crimes Enforcement Network
administers the BSA.
provide non-traditional financial services,
including check cashing, money orders, fund
transfers and utility bill payment services. MSBs
are considered to be a high-risk category for
money laundering and other financial crimes. About
40 million Americans who do not maintain bank
accounts regularly rely on MSBs for financial
The IRS’s 2016 Data Book, a “hot job” of particular interest at this time of year, and insight into how executive and audit committees view the insights from financial statement audits received attention recently. See how much you know with this short quiz.