Enhancing Compliance: The Role of The MSBA in Financial Services

Amidst the evolving regulatory landscape, the Money Services Business Association (MSBA) plays an indispensable role in promoting regulatory compliance and fostering a culture of integrity within the financial services industry.

The MSBA was established in 2015 by a small group of visionary companies that recognized the need to collaborate to improve industry understanding and keep companies informed of the ever-changing landscape of requirements that comes from licensing in forty-nine states. the MSBA is now an esteemed compliance association dedicated to promoting adherence to regulatory standards and fostering a culture of compliance among its members. It is at the forefront of regulatory compliance within the financial services sector.

The heart of the MSBA is to increase awareness of the beneficial services the industry provides and to support and promote payment innovation. The MSBA strives to accomplish the following in its work:

  • Promote Payment Innovation
  • Advocate for Legislation
  • Track Industry Changes
  • Collaborate with Regulators
  • Connect with Global Partners
  • Build an Understanding of the Industry’s Positive Impact

Monex USA was one of the Founding Members of the MSBA and has been a strong supporter of the association ever since. Hence, we are thrilled to have Justin Jenter, Chief Compliance Officer at Monex USA, join the Board of Directors

Read more on Jenters’ contribution to the MSBA here!


MSBA Justin Jenter, Compliance

The financial services industry is subject to a myriad of regulations and compliance obligations, and the MSBA serves as a guiding light for businesses navigating these complexities. Through comprehensive resources, training programs, and industry insights, the MSBA equips its members with the knowledge and tools needed to stay abreast of regulatory changes and fulfill their compliance obligations effectively.

One of the MSBA’s primary objectives is to facilitate collaboration and knowledge-sharing among its members. By fostering a community of compliance professionals, the MSBA provides a platform for networking, sharing best practices, and peer-to-peer learning. This collaborative approach enables members to leverage collective expertise and insights, enhancing their compliance efforts and strengthening industry standards.

Moreover, the MSBA serves as a trusted advisor and advocate for its members, representing their interests in regulatory discussions and policymaking processes. Through proactive engagement with regulatory authorities and industry stakeholders, the MSBA works to shape regulations that are fair, balanced, and conducive to innovation within the financial services sector.

MSBA Membership

There are many benefits to being a member of the MSBA, especially in such a fast-paced and ever-changing industry. The MSBA members receive:

  1. Updates and analysis on the latest state and federal law regulations affecting the industry,
  2. Opportunities to educate and communicate with federal and state regulators
  3. Relevant and important compliance information
  4. Networking opportunities with members throughout the industry

To learn more about Membership benefits and becoming an MSBA member, visit the MSBA’s website.

The MSBA’s member companies elected its new board this past January to help guide the association in all its efforts. Our board members help shape the principles that the MSBA holds itself and its members to. The MSBA is proud to have this group of distinguished professionals on its Board of Directors.


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