Two Start-Up MSBs, Zero Findings: How ComplyCheck Helped Florida Check Cashers Ace Their First Examination

At ComplyCheck, we don’t just talk about compliance,  we deliver it where it matters most. Recently, two brand-new check cashing businesses in Florida underwent their first-ever state regulatory examinations, and thanks to our hands-on partnership, both came through with zero compliance findings for the areas ComplyCheck was responsible.

Here’s how we helped these ambitious entrepreneurs avoid costly fines, protect their licenses, and set themselves up for long-term success.

Case Study 1: Broward County MSB – $4 Million/Month, 118 Corporate Files

This client came to ComplyCheck as a first-time MSB operator with no prior compliance experience. Their check cashing business quickly grew to average $4 million per month, and we were brought in to build their compliance program from the ground up.

ComplyCheck provided:
 ✅ Full AML/BSA program development
 ✅ Corporate customer onboarding and file maintenance (118 corporate clients)
 ✅ Transaction monitoring
 ✅ CTR and SAR filings
 ✅ Staff training
 ✅ Ongoing compliance support

When the Florida Office of Financial Regulation (OFR) conducted its two-day, on-site examination, they found no deficiencies in the areas we handled.

“We couldn’t have done this without ComplyCheck. From day one, they made sure we were on track and helped us avoid fines and mistakes that would have crushed our business,” the owner shared.

Case Study 2: St. Lucie County MSB – $5.5 Million/Month, 294 Corporate Files

Our second featured client, also new to the MSB world, operates a thriving check cashing business in St. Lucie County, handling over $5.5 million monthly. Again, ComplyCheck was brought in to design and manage their compliance program, including the meticulous maintenance of 294 corporate files.

Key services included:
 ✅ AML/BSA policy creation
 ✅ Corporate due diligence and file management
 ✅ Transaction monitoring and reporting
 ✅ CTR/SAR compliance
 ✅ Employee training and education
 ✅ Ongoing risk assessments

Over a three-day, on-site examination, OFR again found no deficiencies in the areas under our management.

“We were nervous going into our first exam, but ComplyCheck gave us total peace of mind. Passing with no findings saved us thousands and preserved our reputation,” the owner said.

The Stakes: Why Passing Matters

For both clients, a clean first exam didn’t just mean bragging rights, it meant real money and long-term security.

Avoiding CTR or corporate file fines saved each MSB an estimated $7,500 to $15,000 in immediate penalties. More importantly, a repeat finding in future exams could jeopardize their check cashing licenses altogether.

ComplyCheck’s proactive, detail-focused approach shielded them from regulatory risk and gave them the confidence to focus on growth.

Why ComplyCheck?

At ComplyCheck, we specialize in helping check cashing businesses (from startups to industry veterans) build, manage, and defend their compliance programs.

What sets us apart:
 ⭐ Hands-on partnership, not just templates
 ⭐ Deep industry experience (including ex-operators and ex-bankers)
 ⭐ Practical, risk-based solutions tailored to your business
 ⭐ Proven track record with Florida OFR and other regulators

If you’re launching a check cashing business or want to strengthen your compliance before your next exam, let’s talk. We’ll help you navigate the complex world of AML/BSA compliance and give you the best shot at a zero-finding exam.

ComplyCheck LLC — Where Compliance Means Confidence.