Hi and thank you so much for your positive feedback 👍🏻 I am glad that concepts in my videos are clear, this is very important. I really appreciate your support with a Super Thanks 🙂👍🏻 thank you for doing that! If there are other topics you’d like me to explore in the future, pls let me know. Marco
Completed Chapter 1 of CAMS last week. We have a discussion session today. Thanks again for this particular explanation of MSB. Waiting for risk related to Virtual Currency. Also, please make a content (detail) on blockchain and future use cases.
Thanks for watching and commenting! Yes, there will be definitely more content on virtual assets and virtual currency as this is an evolving industry and I don't see it going away anytime soon. If you havent' yet, please take a look at this playlist containing my videos on crypto regulatory changes and updates th-cam.com/play/PL0Pufzwcosu_TYHLJrhfh5JkV4ZJ_cw5i.html
Hi. Am I an MSB if I am using another MSB to transfer money? e.g. if I make a money transfer website using Stripe? Stripe is already an MSB and has MTLs.
Hi and thanks for commenting 👍🏻 Great question! Even if you’re using an MSB like Stripe to facilitate transfers, you might still be considered an MSB if your business is primarily involved in offering money transfer services. It’s important to check with regulators in your jurisdiction, as you may still need to register as an MSB yourself, depending on how your business is structured and the services you provide. Thanks for watching my videos! Marco
Hi Robert, thanks for commenting on this video 👍🏻 at a high-level this is a broad overview of the key differences between a Money Services Business (MSB) and a traditional Bank: Core Services: MSB: Primarily focuses on specific financial services such as money transfers, currency exchange, check cashing, and selling money orders. Bank: Offers a wider range of financial services including deposit accounts (like savings and checking accounts), loans, credit facilities, investment products, and sometimes insurance services. Regulatory Oversight: MSB: Generally subject to less stringent regulatory requirements compared to banks. MSBs are primarily regulated for anti-money laundering (AML) purposes. Bank: Faces more comprehensive regulatory oversight. This includes capital adequacy requirements, deposit insurance, and broader financial and operational regulations. Financial Stability and Protection: MSB: Typically does not offer deposit protection. The stability of MSBs can vary greatly. Bank: Usually participates in national deposit insurance schemes, providing a certain level of protection to customers’ deposits. Scope of Operations: MSB: Often has a more focused or niche market. MSBs can be integral in providing services to underbanked or unbanked populations. Bank: Generally has a broader market reach and offers a more comprehensive set of financial services to a wide range of customers. Capital and Infrastructure Requirements: MSB: Requires less capital to start and operate. The infrastructure needs are generally lower than those of banks. Bank: Requires significant capital and infrastructure, both in terms of physical presence and technological systems, to meet regulatory and operational demands. Customer Base: MSB: Often serves customers who need specific services like remittances or those who don't have access to traditional banking. Bank: Serves a wide range of customers, including individuals, businesses, and other entities, offering a variety of financial products and services. Of course if anyone else reading this wish to further enhance my list please go ahead 🙂 In summary, while both MSBs and banks are financial institutions, they differ significantly in their service offerings, regulatory oversight, financial stability and protection, operational scope, capital and infrastructure requirements, and target customer base. Banks offer a broader range of services and are subject to more stringent regulations, while MSBs focus on specific financial services with relatively less regulatory oversight. I hope this helps! Thanks for watching my videos!
a company holdng MSB LICENSSE can be fraud or scam please notify me or i am providing you the name of company reg. is NEPTUNE NETWORK GROUP LTD .......THIS COMPANY HOLDS LICENSE IS THIS COMPANY FRAUD OR NOT PLEAASE RPLY DEAR
Thank you for your comment. Unfortunately, I cannot provide specific advice regarding individual companies or licenses without more detailed and verifiable information. I recommend you to reach out to the relevant financial regulatory authority in your country for clarification. In any case, make sure to conduct thorough research and rely on trusted sources. Thanks for watching my video 👍🏻
As same as one more company holding MSB licence and that is IAS INDIA ADVERTISING LTD with registration No:31000280933631 and legal name as IAS INDIA ADVERTISING LTD.. and this company working process is some what social media advertising by like and subscribe those videos and by that users have been received money.... Now I want to know that is it fraud or scam?
One company that was holding MSB LICENCE and company name is IAS INDIA ADVERTISING LTD with registration no :31000280933631and I want know is this company is fraud or good . If it relates to money laundering means notify to me
Thank you for the high level description. It is really clear and allows you to explore the topics you cover in other videos in further detail.
Hi and thank you so much for your positive feedback 👍🏻 I am glad that concepts in my videos are clear, this is very important.
I really appreciate your support with a Super Thanks 🙂👍🏻 thank you for doing that! If there are other topics you’d like me to explore in the future, pls let me know. Marco
Completed Chapter 1 of CAMS last week. We have a discussion session today. Thanks again for this particular explanation of MSB. Waiting for risk related to Virtual Currency. Also, please make a content (detail) on blockchain and future use cases.
Thanks for watching and commenting!
Yes, there will be definitely more content on virtual assets and virtual currency as this is an evolving industry and I don't see it going away anytime soon.
If you havent' yet, please take a look at this playlist containing my videos on crypto regulatory changes and updates
th-cam.com/play/PL0Pufzwcosu_TYHLJrhfh5JkV4ZJ_cw5i.html
Thanks. The info was good
You are very welcome! Thanks for engaging through the video 👍🏻
Hi. Am I an MSB if I am using another MSB to transfer money? e.g. if I make a money transfer website using Stripe? Stripe is already an MSB and has MTLs.
Hi and thanks for commenting 👍🏻 Great question! Even if you’re using an MSB like Stripe to facilitate transfers, you might still be considered an MSB if your business is primarily involved in offering money transfer services. It’s important to check with regulators in your jurisdiction, as you may still need to register as an MSB yourself, depending on how your business is structured and the services you provide. Thanks for watching my videos! Marco
Great work! Thank you for that. What is the difference between MSB and Bank?
Hi Robert, thanks for commenting on this video 👍🏻
at a high-level this is a broad overview of the key differences between a Money Services Business (MSB) and a traditional Bank:
Core Services:
MSB: Primarily focuses on specific financial services such as money transfers, currency exchange, check cashing, and selling money orders.
Bank: Offers a wider range of financial services including deposit accounts (like savings and checking accounts), loans, credit facilities, investment products, and sometimes insurance services.
Regulatory Oversight:
MSB: Generally subject to less stringent regulatory requirements compared to banks. MSBs are primarily regulated for anti-money laundering (AML) purposes.
Bank: Faces more comprehensive regulatory oversight. This includes capital adequacy requirements, deposit insurance, and broader financial and operational regulations.
Financial Stability and Protection:
MSB: Typically does not offer deposit protection. The stability of MSBs can vary greatly.
Bank: Usually participates in national deposit insurance schemes, providing a certain level of protection to customers’ deposits.
Scope of Operations:
MSB: Often has a more focused or niche market. MSBs can be integral in providing services to underbanked or unbanked populations.
Bank: Generally has a broader market reach and offers a more comprehensive set of financial services to a wide range of customers.
Capital and Infrastructure Requirements:
MSB: Requires less capital to start and operate. The infrastructure needs are generally lower than those of banks.
Bank: Requires significant capital and infrastructure, both in terms of physical presence and technological systems, to meet regulatory and operational demands.
Customer Base:
MSB: Often serves customers who need specific services like remittances or those who don't have access to traditional banking.
Bank: Serves a wide range of customers, including individuals, businesses, and other entities, offering a variety of financial products and services.
Of course if anyone else reading this wish to further enhance my list please go ahead 🙂
In summary, while both MSBs and banks are financial institutions, they differ significantly in their service offerings, regulatory oversight, financial stability and protection, operational scope, capital and infrastructure requirements, and target customer base. Banks offer a broader range of services and are subject to more stringent regulations, while MSBs focus on specific financial services with relatively less regulatory oversight. I hope this helps! Thanks for watching my videos!
@@FinCrimeAgent Thank you very much for quick response. Time for sub right now :)
@@RobertSzawiel thank you and welcome aboard 🙂
Thank u❤️
Thanks to you for watching and commenting 👍🏻 Glad that this was a useful video 🙂
پرويز
Thank you. As far as I can understand that translate into “up-to date” so, I’m glad you found useful the info shared on this video 👍🏻
a company holdng MSB LICENSSE can be fraud or scam please notify me or i am providing you the name of company reg. is NEPTUNE NETWORK GROUP LTD .......THIS COMPANY HOLDS LICENSE IS THIS COMPANY FRAUD OR NOT PLEAASE RPLY DEAR
Thank you for your comment. Unfortunately, I cannot provide specific advice regarding individual companies or licenses without more detailed and verifiable information. I recommend you to reach out to the relevant financial regulatory authority in your country for clarification. In any case, make sure to conduct thorough research and rely on trusted sources. Thanks for watching my video 👍🏻
As same as one more company holding MSB licence and that is IAS INDIA ADVERTISING LTD with registration No:31000280933631 and legal name as IAS INDIA ADVERTISING LTD.. and this company working process is some what social media advertising by like and subscribe those videos and by that users have been received money....
Now I want to know that is it fraud or scam?
One company that was holding MSB LICENCE and company name is IAS INDIA ADVERTISING LTD with registration no :31000280933631and I want know is this company is fraud or good . If it relates to money laundering means notify to me