---
title: "'Unbankable’ Money-Services Business? FinCEN Sheds Light on 'De-risking’"
date: 2014-08-02T00:00:00-04:00
author: Import Bot
canonical_url: "https://www.kelleydrye.com/viewpoints/articles/unbankable-money-services-business-fincen-sheds-light-on-de-risking"
section: Articles
---
# ‘Unbankable’ Money-Services Business? FinCEN Sheds Light on ​‘De-risking’

  August 2, 2014

Chicago Daily Law Bulletin

 

 

 

 

 

 

Partner [Matt Luzadder](/Our-People/Matthew-C-Luzadder) discusses how many money service businesses, like check cashers, sellers of money orders and traveler’s checks and currency exchanges, are facing the loss of access to depository banking services which facilitate their transactions. This ​“de-risking” is due to perceived heightened risks associated with their business lines. The U.S. Treasury Department’s Financial Crimes Enforcement Network (FinCEN) recently addressed the de-risking trend and is analyzing the effects on the industry.

 

 

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