UPDATE: As of September 10, 2025 FinCEN has updated this GTO guidance. Read the details here. The Financial Crimes Enforcement Network (FinCEN) has issued a Geographic Targeting Order (GTO) requiring money services businesses (MSBs) along the southwest border of the United States to file Currency Transaction Reports (CTRs) for cash transactions exceeding $200 but not […]
Ensuring your business remains compliant is essential for maintaining strong banking relationships. As regulations evolve, updating your BSA/AML/OFAC Compliance Program is more important than ever. To help you stay on top of these changes, we’ve refreshed our comprehensive compliance checklist for 2025. Our expert team of Certified Anti-Money Laundering Specialists (CAMS) has collaborated with bank […]
The CrossTech Fintech Payments Conference held in New York City on May 23-24, 2024, marked a pivotal moment for the financial technology sector. This inaugural event attracted approximately 150 key industry players from around the globe, including representatives from money remittance services, fintech companies, global payment firms, traditional financial institutions, compliance and ID verification providers, […]
Obtaining a new Money Services Business (MSB) bank account has been streamlined through the use of the Capital Compliance Experts (CCE) Bank Profile Summary (BPS) solution. BPS offers assistance to both established and new businesses in acquiring an MSB bank account, resulting in time savings, reduced fees, and personalized support. Running a Money Services Business […]
Adapting to the evolving regulatory landscape is crucial for maintaining a robust banking relationship. Amend your BSA/AML/OFAC Compliance Program to align with the dynamic needs of your business. To assist you in staying abreast of these changes, we present an updated checklist designed to keep your policies and procedures current for 2024. Our team of […]
