The team at My MSB Compliance has a proven track record of successfully exiting various state and regulatory audits with ratings of Satisfactory (clean results), which means we can help ensure you meet all of the regulatory requirements necessary for FinCEN.
- Mon - Sat: 9 am - 7 pm
AML Review
EVALUATION OF YOUR PROGRAM
My MSB Compliance will review your firm’s policies and procedures to ensure that they meet AML regulatory requirements and will provide a report with expert recommendations concerning the best way to address any deficiencies. What’s covered?
- Overall integrity and effectiveness of AML compliance program
- Procedures for BSA reporting and recordkeeping requirements
- Implementation and maintenance of KYC/CIP
- Consumer due diligence requirements
- Transaction analysis to detect any suspicious activity
- Adequacy of staff AML training program
- Systems for identifying and reporting suspicious activity
- Response to previously identified findings
Transactional Review
Have the right controls in place to comply with the SAR/CTR filing requirements
AML Review
Certify your policies and procedures are risk-based and tailored to your business
CAMS-Certified Staff
Work performed by Certified Anti-Money Laundering Specialists(CAMS)
DON’T THINK YOU’RE AT RISK?
WHY INDEPENDENT AML REVIEWS ARE SO IMPORTANT
As a store owner, check casher, caterer etc you are focused on your customers and their needs, but to protect your revenue and your reputation in your community you must ensure compliance with MSB regulations. A violation of the regulations could lead to fines or even put your business at risk.
Frequently Asked Questions
We support money transfer, check cashing, money order, bill payments and top-ups
You should file a CTR If a customer conducts more than $10K in cash activity (cash activity includes: domestic and international remittances/money transfers, purchasing money orders and bill pay) in a calendar day.
Generally a SAR should be filed if you identify suspicious activity which can include customer behaviors, transaction patterns, unusual send amounts or forged IDs used with a transaction.
Contact our Anti-Money Laundering experts for more information
Please contact us using the information below.
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855.702.1521
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