Money Service Businesses (MSBs) often face significant challenges when it comes to securing reliable banking partners. Due to the perceived high risk associated with these businesses, traditional banks tend to avoid working with MSBs, leaving them with limited banking options. At RiskLink, we specialize in connecting high-risk businesses with banking solutions tailored to meet their unique needs. With over 20 years of experience in the field, we have the expertise to help your MSB thrive in the highly regulated UK financial environment.
At RiskLink, we offer specialized banking solutions designed to address the unique challenges faced by MSBs. Here’s how we can help:
Why Are MSBs Considered High Risk?
Despite these challenges, MSBs play an essential role in the global economy, and finding the right banking partner is critical for their success. RiskLink steps in to offer MSBs banking solutions that ensure compliance, security, and long-term growth.
We connect you with banking partners that offer services suited to MSBs, ensuring your unique financial needs are met.
Stay compliant with UK regulations and industry standards with our expert guidance and monitoring services.
Benefit from our decades of experience working with high-risk industries, ensuring your business operates efficiently.
Our team is always available to help with banking challenges, ensuring a smooth and successful partnership.
MSBs are often classified as high-risk due to their involvement in cash-heavy transactions, international money transfers, and potential exposure to money laundering risks. This makes traditional banks cautious, but at RiskLink, we specialize in connecting MSBs with banks that are open to working with such businesses.
We have a dedicated team that continuously monitors the evolving regulatory landscape, particularly regarding AML and KYC. Our partnerships are with banks that share our commitment to compliance, ensuring that your MSB operates within legal boundaries.
We connect MSBs with a range of services, including business bank accounts, payment gateways, and compliance support. These services are tailored to high-risk industries and designed to meet the specific needs of MSBs.
The time it takes to open an account varies depending on your specific business model and the bank’s requirements. However, we work to streamline the process and ensure your MSB can access banking services as quickly as possible.
Yes, we specialize in working with MSBs that handle international transactions. Our banking partners are experienced in cross-border operations and are equipped to support your business in managing international transfers securely and efficiently.
Ready to take the next step in securing your MSB’s future? Apply today with RiskLink and discover how our tailored banking solutions help high-risk businesses thrive with full compliance and expert support.
We are a business bank introducer and can help you open an account for any high-risk business, including Gaming/Gambling, Money Service Businesses (MSBs), FX Companies, Cryptocurrency, Adult Entertainment, and CBD Oil industries.
Have a question or need help? Leave your email address and an advisor will contact you. Our team is here to assist you. Contact us today!
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