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Creativity is Crucial to Training MSB Agents, Says Compliance Officer
printWhen training agents working through money services businesses, compliance officials should take a creative, multimedia approach, said Anthony Rodriguez, global compliance officer at the Los Angeles-based Associated Foreign Exchange, Inc (AFEX). Money services businesses (MSBs) have to contend with the fact that many of their agents see their financial services as ancillary arms of their small businesses, said Rodriguez. To stress the importance of anti-money laundering (AML) regulations, compliance officers will need to think of innovate ways to consistently emphasize regulatory duties, he said. The former chief global compliance officer at RIA Financial Services spoke with reporter Larissa Bernardes about...
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