Which group is categorized as Tier 2 MRB?

Which group is categorized as Tier 2 MRB?

• A. Landlords, professional services, financial services.
• B. Growers, processors, wholesale, dispensaries.
• C. Suppliers, security firms, consultants, software.
• D. Marketing and PR firms.

Answer: (C)

Tier 2 MRB covers third parties that provide essential support to money remitters and brokers without being the remitters/brokers themselves. This includes suppliers, security firms, consultants, and software providers—the external services and products that enable MRBs to operate. They are risk-relevant because weaknesses in procurement, security, or technology can be exploited to move, conceal, or facilitate funds, so firms focus due diligence on these service providers. The other groups describe entities either directly involved in the MRB’s core activities or outside the typical Tier 2 category, such as those that would themselves be considered MRBs or unrelated service sectors.

Tier 2 MRB covers third parties that provide essential support to money remitters and brokers without being the remitters/brokers themselves. This includes suppliers, security firms, consultants, and software providers—the external services and products that enable MRBs to operate. They are risk-relevant because weaknesses in procurement, security, or technology can be exploited to move, conceal, or facilitate funds, so firms focus due diligence on these service providers.

The other groups describe entities either directly involved in the MRB’s core activities or outside the typical Tier 2 category, such as those that would themselves be considered MRBs or unrelated service sectors.