Compliance Insights: Stay Ahead in the MSB Industry

Expert guidance, regulatory updates, and best practices to help Money Services Businesses navigate compliance, protect banking relationships, and streamline operations. 🚀

Compliance

Southwest Border Crackdown: FinCEN’s $200 CTR Threshold Will Impact Nearly Every MSB Transaction — Here’s What You Need to Know

FinCEN’s new Geographic Targeting Order (GTO) is now in effect, requiring MSBs in 30 ZIP codes across California and Texas to file CTRs for all cash transactions over $200. For most MSBs, this means reporting 90–95% of their daily transactions. The order is part of a broader national security effort to disrupt cartel financing and introduces steep penalties for noncompliance. ComplyCheck is already helping impacted MSBs respond quickly and correctly. If your business is located near the Southwest Border, this isn’t optional — it’s urgent. Read our full breakdown of the GTO’s requirements, risks, and how ComplyCheck can keep you compliant.

Compliance

The Importance of Transaction Monitoring for Money Services Businesses (MSBs)

Transaction monitoring is the backbone of a strong compliance program for Money Services Businesses (MSBs). Whether you're a check-casher, money transmitter, or currency exchanger, monitoring customer activity is essential for detecting structuring, preventing financial crime, and staying compliant with BSA/AML regulations. In this article, we break down what effective transaction monitoring looks like, why it matters, and how MSBs can build a system that satisfies regulators, banks, and their own risk appetite. If you're responsible for your MSB's compliance program, this is a must-read.

Compliance

Could Your AML/BSA Program Use a Free Review?

Is your MSB truly prepared for regulatory scrutiny? With the IRS increasing Title 31 exams and states like Florida revoking licenses at record rates, a compliance review is more important than ever. ComplyCheck offers a free AML/BSA compliance review—think of it as a second opinion for your business. If your program is solid, great. But if there are weaknesses, catching them now could save you from hefty fines, banking issues, or worse. Don’t wait until it’s too late—protect your business today.

Compliance

The Importance of a Strong AML/BSA Compliance Manual for MSBs

Your AML/BSA compliance manual isn’t just a regulatory requirement—it’s the foundation of your MSB’s financial crime risk management. But when was the last time you reviewed it? Many MSBs create a manual and never look at it again, leaving them exposed to regulatory scrutiny, banking de-risking, and compliance failures. A strong, up-to-date manual ensures your policies align with industry best practices, regulatory expectations, and your actual business operations. In our latest blog, we break down the essential sections your manual must include, why regular updates are crucial, and what regulators and banks look for. Plus, we’re offering a FREE compliance manual review to help you stay ahead of risk. Don’t wait for an audit—read the full blog now!

Press Release

PRESS RELEASE - ComplyCheck Launches Florida-Specific Compliance Module for Check Cashing Businesses

Regulatory scrutiny in Florida is increasing, and MSBs are facing costly fines, suspensions, and even revocations due to evolving interpretations of Florida Chapter 560 & Rule 69V-560. That’s why ComplyCheck is launching a powerful new module that alerts you when a corporate check cashing customer’s workers’ compensation policy changes—helping you stay ahead of compliance risks!

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Ready to Simplify Your Compliance?

Have questions or want to learn more about how ComplyCheck can help your MSB stay compliant? Fill out the form below, and one of our experts will get in touch with you shortly. We’re here to provide personalized guidance for your compliance needs.