Enhanced Due Diligence (EDD)

Money Laundering | ISO and MSB Regulations | Finance Facts

Money Laundering | ISO and MSB Regulations | Finance Facts

When it comes to commercial financing, the distinction between a Commercial Financing ISO and a Commercial Financing MSB becomes more evident through the services they provide, the regulatory framework governing them, and how they handle deposits. Still, their roles, regulatory requirements, and risks related to money laundering can differ significantly.