Business
MainStreet Bank Payments Group Receives Accreditation
FAIRFAX, Va., Dec. 12, 2019 /PRNewswire/ -- MainStreet Bancshares, Inc., (Nasdaq: MNSB) parent company of MainStreet Bank announced that Robin Garrison
About this update from Mainstreet Bancshares, Inc.
[{"type":"text","content":"FAIRFAX, Va., Dec. 12, 2019 /PRNewswire/ -- MainStreet Bancshares, Inc., (Nasdaq: MNSB) parent company of MainStreet Bank announced that Robin Garrison received her Certified Anti-Money Laundering Specialist (CAMS) AUDIT designation. Robin leads the compliance initiative for the Bank's Payment Service Solutions Group.\n\n \nThe Certified Anti-Money Laundering Specialist (CAMS) credential is the gold standard in Anti-Money Laundering (AML) certifications and is recognized internationally by financial institutions, governments and regulators as a serious commitment to protecting the financial system against money laundering. The CAMS program drives a culture of compliance from the top down by building highly skilled teams staffed with subject matter expertise. \nMs. Garrison said, \"The CAMS-AUDIT certification provides a strong foundation to build an effective and risk-based payments program. As we continue to grow our payments franchise, I know that we will be well positioned to ensure a compliant and risk-appropriate program, which is critical to ensure long term sustainability and scalability.\"\nThe payments sector is extremely significant in the United States and payment-oriented businesses generally require a banking partnership for their solutions. Many of those businesses have had false starts working with financial institutions that were ill-prepared to process their business for the long-term. \n\"MainStreet Bank has been working since 2017 to create a full-service infrastructure for payment solutions.\" said Jeff W. Dick, Chairman & CEO of MainStreet Bancshares, Inc. and MainStreet Bank. \"The payments industry requires enhanced due diligence and risk management; and our commitment to continuing education is critical to our ongoing success.\" \nMainStreet Bank is a growing $1.2 billion community bank headquartered in Fairfax, VA. The Bank offers Payment Service Solutions to third-party payment and money service businesses, including:\nCheck cashers and dealers in foreign exchange, Third party payment processors and Independent Sales Organizations (ISO), Agents or Authorized Delegates of a licensed third-party payment or money service business, Money transmitters and stored value providers, and Money transmitters who require a bank as a stand-in for money transmitter licenses. To learn more about MainStreet Bank's P...