Carlos and his family have owned and operated their two check cashing locations, El Pasito and Panaderia Azteca, in Northern CA with no problems for 10 years until they received a letter from their bank. “We were very surprised when we received a letter from our bank telling us that our MSB account was getting […]
The owner at West San Carlos Gas & Check in San Jose discovered his account was frozen and did not know what to do or how to fix it. “I have been a check casher for 30 years and have been with the same back for the last 15 years. So when I found out […]
CA Loan & Jewelry came to us as a referral from California Financial Service Providers (CFSP). They had just received a letter from their bank and were in danger of losing their bank account. “We received a letter from our bank that stated they were going to close our account. We contacted the CFSP and […]
I believe there are several products that are lessening the need for cash, including but not limited to, prepaid cards, peer-to-peer transfer, and ever-progressing mobile technology, but there will always be those consumers and businesses that remain loyal to the greenback. THE DEMISE OF CASH Phones are getting smarter, new peer-to-peer money transfer apps are […]
On Wednesday, December 2nd, the compliance team concluded the Anti-Money Laundering Online Workshop with AML program requirements. The presentation covered how to preserve your banking relationship and an in-depth glimpse into the anatomy of an AML program. The team uncovered that there are four pillars of an AML program and include: Designation of a Compliance […]
