Tag Archive for "MSB" -

CARES Act Support Amid COVID-19 Pandemic

By: Julie on April 1, 2020

Relief for Financial Services Centers & Employees On March 27, 2020, President Trump signed a $2 trillion Coronavirus Aid, Relief, and Economic Security (CARES) Act relief bill that will provide support to those that are experiencing hardships due to COVID-19. The CARES Act includes: Direct payments ($1,200/individuals, $2,400/family, $500/child) to individuals at specified income level thresholds Expansion of unemployment insurance… Read More

Don’t Overlook Transaction Monitoring: Early Detection & Correction Parameters Allow for Effective Analysis

By: Julie on March 23, 2020

As a part of the independent review process and ongoing compliance requirements, transaction monitoring is something that is often overlooked by Money Services Businesses (MSBs). The fundamentals of transaction monitoring are implemented systems to identify and protect institutions from transactions that are not compliant with The Bank Secrecy Act (BSA), Anti-Money Laundering (AML) and Office of Foreign Assets Control (OFAC).… Read More

The Ultimate Regulatory Compliance Checklist – 2020

By: Julie on March 2, 2020

An essential part of maintaining your banking relationship is to amend your BSA/AML/OFAC Compliance Program as your business evolves. To help you stay on top of these changes, we have put together a list that will keep your policies and procedures up-to-date for 2020. This comprehensive list was constructed by our team of CAMS professionals. They work closely with bank… Read More

The Ultimate Regulatory Compliance Checklist – 2019

By: Julie on January 14, 2019

The New Year is here and it is time to start off on the right foot by updating your BSA/AML/OFAC Compliance Program. To help with that, we wanted to share The Ultimate Regulatory Compliance Checklist to keep your policies and procedures up-to-date. Amending your BSA/AML/OFAC Compliance Program is an essential part of maintaining your banking relationship and keeping your audits… Read More

Asistencia en Español Para Servicios de Cumplimiento

By: Julie on July 6, 2018

Nos complace anunciar que nuestros increíbles servicios de cumplimiento y soluciones tecnológicas ahora están disponibles con asistencia en Español. Entendemos que el cumplimiento normativo puede ser abrumador y si las cartas, los documentos y la capacitación no están en el idioma con el que se siente cómodo, eso intensificará el desorden. Con nuestra ayuda en español, tendrá a alguien que… Read More

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