The Financial Crimes Enforcement Network released a Bank Secrecy Act manual Tuesday for money-services businesses.
The manual contains an overview of anti-laundering requirements, BSA risk management expectations, sound industry practices, and examination procedures.
"It will be a valuable resource to both the financial industry and government agencies in promoting our common goals of protecting financial institutions from criminal abuse," Fincen Director James Freis said in a press release.
The manual, which is available on Fincen's Web site, is modeled after the BSA manual for financial institutions.
Money-services businesses have complained that bankers have been severing their accounts since the 2005 release of regulatory guidance labeling their risks.
