The Financial Crimes Enforcement (FinCEN) Network issued its Final Rule for Customer Due Diligence (CDD) under the Bank Secrecy Act (BSA) on May 11, 2016 with an implementation date of May 11, 2018. Covered financial institutions must identify at least a beneficial owner under the control criterion for each legal entity customer. Covered financial institutions […]
COMPLIANCE TECHNOLOGY CHANGING THE INDUSTRY Capital Compliance Experts (CCE), a wholly owned subsidiary of Capital Retail Solutions, Inc. and a foremost leader in the MSB compliance field, is proud to announce its newest product offering and new partnership with the burgeoning RegTech software company, Global Compliance Systems (GCS). INDUSTRY LEADER Being a leader in the […]
While there are many reasons for being declined by a bank as an MSB or FSC, these are some of the most common: 10. PROCRASTINATION Many of our clients come to us at the 11th hour. If you receive a letter from the bank, make sure to inform us, or your preferred compliance consultant early. […]
Growing our team and partnering with the best in the regulatory industry is our mission, but adding expertise that increases the value of our services and leads us into emerging markets is a plus. By joining our team, Jill Emerson brings her comprehensive experience, keen eye for detail and thirst for more regulatory compliance. With […]
A large part of who we are, as a company, involves seeking talent that takes our programs, reviews and technology to the next level. Kris Welch is an industry professional with 20 years experience in the regulatory compliance sector and is the newest member of our compliance team. Kris has demonstrated dedication to her skill […]
