MSB Compliance

Is your business as compliant as it should be?

More importantly, do you have the available time and resources required to get your money service business to where it needs to be? Learn how ComplyCheck works with you to reduce your exposure to regulatory audits and fines.

What is ComplyCheck?

Like a full compliance department... without the breaks

As most of us are probably aware, governing bodies are not looking to ease any of the burdens of doing business. And your bank is probably not any better, if not more overbearing. ComplyCheck eases the strain of compliance on your business and provides visibility into what is needed to avoid possible fines.

What does ComplyCheck do?

MSB Compliance Services

Below are just some of the valuable services ComplyCheck is able to provide to its customers. These are just some of the highlights, but by no means an all-inclusive list of the many ways ComplyCheck will work to save you money, time and sanity.

Transaction Monitoring
Q:
Is your business able to provide documentation proving transactions are being monitored & reviewed?
ComplyCheck provides documented reports to show regulators and your banking partner that all your check cashing transactions are being reviewed for large currency transactions and potentially suspicious transactions.
Currency Transaction Report Filing
Q:
Are all your CTRs being filed accurately and on-time? Is your document and record retention system sufficient?
ComplyCheck will file all your check-cashing CTRs through the BSA E-File website and provide weekly reports. All reports and filing documents will be hosted within the secure ComplyCheck network, providing redudancy in your documentation system.
Suspicious Activity Report Filing
Q:
Are you confident your business is identifying every potentially suspicious transaction?
ComplyCheck will identify potentially suspicious transactions and work with your business to determine if an SAR is required. All report copies and supporting documentation will be available through your client portal.
FinCEN MSB Registration Renewal Filing
Q:
Ever forgotten to renew your federal MSB filing? Are you aware of which situations trigger the need for an amendment or re-registration?
A forgotten or late renewal is a federal/state violation and is a concern to your banking partner. ComplyCheck will track the expiration date and handle the filing of your MSB registration through the BSA E-file website.
Annual AML/BSA Training
Q:
Do you have trouble keeping up with your required annual Anti-Money Laundering training?
Yearly training is also a federal/state requirement. ComplyCheck will provide annual AML/BSA training to you and your staff via video meetings. Training sessions will be documented and ComplyCheck will provide certificates of completion to satisfy your regulatory requirements.
Independent Review
Q:
Did you know that annual Independent Reviews of your company's AML program is a federal/state requirement?
ComplyCheck partners with qualified 3rd party AML consulting experts to conduct these reviews. This review is a formal report issued by the consultant and will be provided electronically and in a printed format.

Find out more information about ComplyCheck today