Could Your AML/BSA Program Use a Free Review?

Protect Your MSB and Your Livelihood: Why a Complimentary Compliance Review is a Smart Investment of Your Time

For Money Services Businesses (MSBs), compliance isn’t just about checking a box—it’s about protecting your business, your income, and your ability to operate. With the IRS ramping up its Title 31 examinations and state regulators like Florida revoking MSB licenses at an unprecedented rate, now is the time to take compliance seriously. The best way to ensure your compliance program is solid? Get a second opinion—at no cost to you.

Why a Compliance Review Matters

Even if your compliance program has recently been reviewed by your existing consultant, getting an external evaluation can provide peace of mind. Think of it like seeking a second opinion from a doctor. If your compliance program is strong, great—you now have another professional verifying your consultant’s findings. But if our review uncovers vulnerabilities, it could be the difference between smooth operations and major regulatory trouble.

At ComplyCheck, we offer a free AML/BSA compliance review and evaluation for MSBs. There’s no risk, only potential benefits. A review could prevent examination findings, fines, loss of banking relationships, or even the revocation of your license.

The Rising Regulatory Scrutiny on MSBs

Regulators are increasing their oversight of MSBs, and businesses that are not fully prepared risk severe consequences. Here’s what’s happening:

• The IRS is conducting more in-depth Title 31 exams, targeting MSBs for weaknesses in transaction monitoring, suspicious activity reporting, and customer due diligence.
• Florida is revoking MSB licenses at an alarming rate due to compliance failures, making it more difficult for businesses to operate.
• Banks continue to scrutinize MSBs, and weak compliance programs are a key reason MSBs lose their banking relationships.

Common Weaknesses in MSB Compliance Programs

Many MSBs don’t realize they have compliance gaps until it’s too late. Some of the most frequent issues found in reviews include:

• Inadequate or outdated policies and procedures
• Weak or inconsistent transaction monitoring and reporting
• Lack of proper Customer Due Diligence (CDD) and Enhanced Due Diligence (EDD)
• Failure to conduct independent reviews as required
• Insufficient employee training on AML/BSA obligations
• Proper Record Retention

Any of these weaknesses can result in penalties, loss of banking services, or regulatory actions that put your entire business at risk.

Why Choose ComplyCheck Over Other Compliance Consultants?

Many third-party consultants charge thousands of dollars for compliance audits. While their services may be valuable, why not take advantage of a free compliance review first? ComplyCheck provides the same level of expertise without the hefty price tag. Our team consists of former regulators, bank compliance officers, and industry experts who understand what examiners look for—and we pass that insight directly to you.

Don’t Wait Until It’s Too Late

Regulatory actions can be devastating to an MSB. A compliance review today could mean the difference between a smooth exam and a major disruption to your business. Take the opportunity to safeguard your MSB with a free compliance evaluation from ComplyCheck—because protecting your business starts with protecting your compliance program.