Wolters Kluwer Financial Services Expert

Wolters Kluwer Financial Services experts to help improve relations with MSB bankers:

Money Services Business (MSB) often face obstacles in seeking financial service providers. Wolters Kluwer Financial Services announced today that Shannon Bennett, senior director of strategy crimes financial control Wolters Kluwer Financial Services, will participate in a seminar to help promote better banking relationships MSB.

 The seminar, "what the bankers want to see before Onboarding MSB" is organized by the Association of Certified Laundering Money Laundering Specialists (ACAMS) Wednesday, September 23, 12:. 00-14h00 EDT During the seminar, participants will hear from a diverse panel on best practices to promote and develop a collaborative approach that serves the interests of the business requirements and regulations of both parties. Bennett will be accompanied by Dennis Lormel, President and CEO of DML Associates. The webinar will be hosted by William Voorhees, director of risk management, Silicon Valley Bank.

"MSB are challenged to establish and maintain banking relationships, often due to compliance issues," Bennett said. "The results of this seminar will help MSB understand how to develop and share models of risk that not only the bank address and alleviate regulatory concerns, but leads to strong banking relationships and overall mutual benefit."

Bennett has almost 30 years experience of compliance in the financial services sector, and working in both banking and non-banking. In his role at Wolters Kluwer Financial Services, Bennett served as adviser and strategist for financial institutions in the prevention, identification and resolution of potential fraud, money laundering, terrorist financing and other financial crimes.