PRESS RELEASE - ComplyCheck Achieves Major Milestone: 20,000 Currency Transaction Reports Filed on Behalf of Clients

FOR IMMEDIATE RELEASE

ComplyCheck Achieves Major Milestone: 20,000 Currency Transaction Reports Filed on Behalf of Clients

Deerfield Beach, FL – January 29, 2025 – ComplyCheck, a leading provider of compliance solutions for Money Services Businesses (MSBs), proudly announces a significant achievement: the successful filing of 20,000 Currency Transaction Reports (CTRs) on behalf of its clients. This milestone underscores ComplyCheck’s unwavering commitment to regulatory compliance and financial transparency in the money services industry.

As a trusted compliance partner, ComplyCheck streamlines the regulatory process for MSBs, ensuring that they meet federal and state requirements under the Bank Secrecy Act (BSA) and Anti-Money Laundering (AML) regulations. By automating and managing CTR filings, ComplyCheck helps businesses mitigate risks, avoid penalties, and focus on their core operations.

“Reaching the 20,000 CTR milestone is a testament to the trust our clients place in ComplyCheck and the effectiveness of our compliance solutions,” said William Rodriguez, Chief Technology Officer of ComplyCheck. “We remain committed to providing best-in-class regulatory support to help MSBs navigate the complex compliance landscape with confidence.”

Currency Transaction Reports are a critical component of financial compliance, designed to detect and prevent illicit financial activities. Businesses dealing with cash transactions exceeding $10,000 are required to submit CTRs to the Financial Crimes Enforcement Network (FinCEN), a process that ComplyCheck simplifies through its cutting-edge compliance platform.

With a rapidly growing client base and an expanding suite of compliance solutions, ComplyCheck continues to set new standards in regulatory excellence. The company remains dedicated to empowering MSBs with the tools and expertise needed to maintain compliance, reduce operational burdens, and enhance financial integrity.

For more information about ComplyCheck’s compliance services, visit www.complycheck.co or contact Philip Laufman at requests@complycheck.co or 754-222-4405.

About ComplyCheck 

ComplyCheck is a premier compliance solutions provider specializing in Anti-Money Laundering (AML), Bank Secrecy Act (BSA), and Money Services Business (MSB) compliance. Through innovative technology and expert guidance, ComplyCheck helps businesses navigate complex regulatory requirements, safeguard their operations, and maintain financial integrity.