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 […]
A risk-based approach is essential for a healthy anti-money laundering (AML) program as it enables you to allocate resources efficiently, comply with regulatory expectations, enhance program effectiveness, detect emerging risks, demonstrate proactive risk management, and mitigate legal and reputational risks. When thinking about a risk-based approach for your AML program, a risk assessment is vital. […]
USA-based company with remittances to East Africa gets the compliance needed to save their banking relationship and grow their business. Deero Services (Deero) is a new worldwide money transfer company that operates in various states throughout the United States. Their primary remittance destination is East Africa, but they are looking to expand their portfolio. The […]
Ariel Tejeda understands compliance from almost every aspect of the money services industry. He has experience working with customers seeking money services, has been the Compliance Officer of a large money services business (MSB), and is now helping other MSBs get compliant. Tejeda started in the industry when he was 17 years old as a […]
