Reduce Filing Complexity
Effortless BSA Filing for Your MSB
Ensure compliance with Bank Secrecy Act (BSA) filing requirements, with automated assistance that makes reporting quick and accurate.
BSA Filing Made Easy
Why BSA Filing Matters for Your MSB
The Bank Secrecy Act (BSA) requires Money Services Businesses (MSBs) to file specific reports with the Financial Crimes Enforcement Network (FinCEN) in order to help detect and prevent money laundering. Filing BSA reports, including Suspicious Activity Reports (SARs) and Currency Transaction Reports (CTRs), is not only critical in maintaining the integrity of your business, it is a legal obligation.
However, filing these reports can be a complex and time-consuming task. Our BSA filing service simplifies the process, ensuring that you meet all the regulatory requirements with minimal effort on your part.
How Our BSA Filing System Works
Our BSA filing solution is designed to automate and streamline the process of submitting CTRs and SARs.
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Transaction Monitoring
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Our system analyzes your transaction data and identifies which transactions require a CTR or SAR.
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Report Generation
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The system generates the necessary reports, ensuring all required information is included and compliant with FinCEN's standards.
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Review and Submit
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Our team reviews each and every filing generated by the system and, once confirmed, they are submitted directly to FinCEN—automatically and securely.
End-to-End Solution
Key Features of Our BSA Filing Solution
Our BSA filing system comes with several key features to ensure that your reports are accurate, timely, and compliant.
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Automated Report Generation
- Our system automatically generates CTRs and SARs based on transaction data, reducing manual effort and minimizing errors.
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Seamless Submission to FinCEN
- Once reports are reviewed, they can be easily submitted directly to FinCEN, ensuring compliance and timely filings.
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Audit Trail
- All reports are logged, providing a transparent audit trail for regulatory reviews.
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Real-Time Updates
- Stay up-to-date with the latest regulatory changes, ensuring your reports meet FinCEN’s current standards.
Eliminate Filing Errors
The Benefits of Automated BSA Filing
Filing BSA reports manually is often tedious and prone to error. Our automated solution removes the guesswork, ensuring your MSB stays compliant while saving you time and reducing risk.
- Save Time.
- Automation speeds up the process, reducing the time spent on manual filings and freeing up your team for other tasks.
- Reduce Risk.
- By automating the generation and submission of reports, the risk of human error is minimized, ensuring accurate and compliant filings.
- Stay Compliant.
- Automated alerts keep you on track, so you can be sure you’re filing reports when needed and meeting all regulatory deadlines.
- Record Retention.
- We securely store your BSA filing documents in the cloud, making them easily accessible whenever you need them. This ensures your records are safe, organized, and readily available for audits or regulatory reviews.
“We have been using Comply Check for over 2 years now and I have worked with them very closely. They are extremely time sensitive to any requests, they have always filed all CTRS timely, and they are experts in their field.”
Contact Us
Ready to Simplify Your Compliance?
Have questions or want to learn more about how ComplyCheck can help your MSB stay compliant? Fill out the form below, and one of our experts will get in touch with you shortly. We’re here to provide personalized guidance for your compliance needs.