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Common AML Compliance Forms
- Currency Transaction Report (CTR)- Filed when a customer’s daily transaction exceeds $10,000 dollars
- Suspicious Activity Report by MSB- Filed when you suspect the money is used for illegal activities
- MSB Registration Form (MSB-Reg)- Filed within 180 days of stating a check cashing business.
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Compliance Regulations
QuickCheck makes it ease to automatically store all relevant customer and transaction information. This includes the following:
- Bank Secrecy Act Requirements - A Quick Reference About BSA Requirements for MSBs
- Reporting Suspicious Activities - A Quick Reference About Filing SARs for MSBs
- Money Laundering Prevention - A Quick Reference About Steps to prevent Money Laundering
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Government Agencies
- Internal Revenue Services (IRS)
- Office of Foreign Assets Control (OFAC)
- Financial Crimes Enforcement Network (finCEN)
- The Office of the Comptroller of the Currency