AML Monitoring

We provide compliance monitoring services to MSBs in South Florida. Running an MSB
business can be complex enough. AMLCSI helps you keep focused on your business by giving you the professional support you need over your compliance operation every month.
Contact our consultants today for information
.
On the bleeding edge of compliance:
Bitcoin and
virtual currencies

A new challenge in the financial frontier has arrived with the concept of virtual currencies.

Our firm is taking up the challenge to bring the right risk management concepts and tools to the technology that will change the landscape of the financial world as we know it.
Copyright (c) 2014 AML Compliance Solutions, Inc. All rights reserved. Information contained on this site is for informational purposes only and should not be considered advice. AML Compliance does not provide legal advice. We are not responsible for any typos, errors, or omissions that may be contained herein. We reserve the right to modify our services at anytime without notice. We also reserve the right to refuse service to any party and we are not obligated to disclose the reasons for our refutal. Please be aware that our firm complies with all the laws of the United States of America and the laws of other jurisdictions where we may provider service. Do not approach our firm if you intend to break the law or if you are breaking the law. We reserve the right to refuse entrance to private areas of this website. Information collected on this website such as e-mail addresses, IP addresses, and related information will not be disclosed to third parties. We will comply with any request from law enforcement related to access to this website.
Check Cashing License

Check cashing is a lucrative business which is suitable for entrepreneurs who are looking to gain better performance of their cash flow.
We can assist you in obtaining a Check Cashing License in Florida. Our experience in the field help reduce the time for the whole process and we provide you with all the essential elements to start your business with the right compliance tools.
The BSA Independent Review : 2015

As most regulators and banks look closely to independent reviews as means to early diagnostic of potential problems, having a good and current review shows your company's commitment to having strong compliance.

An independent review should be conducted by a knowledgeable individual or team of consultants. The review must focus on essential elements of compliance, but it also look at your operation to determine if your policies and procedures, and the application thereof, is appropriate for your business.

Schedule early. A good independent review usually take several days to complete.
5201 Blue Lagoon Dr. Suite 964 Miami, FL 33126
Toll Free: 855-AML-TEAM (855-265-8326)
Toll Free Fax: 888-538-1199
Headquarters: 305-629-3042
FLORIDA CHECK CASHING BULLETIN
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Fines and Suspensions, can Florida MSBs survive?

A new approach to enforcement, the Office of Financial Regulation is issuing hefty penalties for violations of Chapter 560 Florida Statutes and 69V-560, Florida Administrative Code. Can businesses survive this new trend which has already put several companies out of business? Call us to discuss this matter.
"There has been an increasing trend on the pressure of regulators for perfect compliance. The cost of fines for even minor violations has skyrocketed, threatening the survival of small businesses"
Advanced Compliance Training

Our firm has partnered with Advanced Compliance Technology to deliver high quality, compliance training for most Money Service Business areas.

Visit ACT's website for more information.






FinCEN Geographic Target Order
Miami-Dade and Broward
Check Cashers

The Financial Crimes Enforcement Network (FinCEN) issued a Geographic Targeting Order (GTO) today for South Florida check cashers to temporarily enhance the identification requirements on customers cashing Federal tax refund checks. South Florida has become a hotbed for stolen identity tax refund fraud. In a typical scheme, the criminal files a fraudulent tax return after stealing a victim’s identity and then cashes the refund check at a local check casher. The criminal typically cashes the check using fake identification in an attempt to evade law enforcement. FinCEN’s GTO will make it much more difficult for these criminals to remain anonymous.
Press release
GTO
OFR Electronic Log - 2015
Make sure you register

Veritec, the state government contractor that maintains the payday loan database, will offer a training regarding the new electronic log submission to licensed check cashers in the state. You must have received a letter by now. Make sure you take this training, as it will be important to be able to timely comply with this new requirement.

On the news: AML senior consultant Juan Villa issues an opinion regarding new FinCEN's Miami Geographic Target Order
For over 700 businesses in the Doral, Florida area, a new reporting requirement has been issued by a federal agency, mostly uknown to the vast majority of these exporting companies.
Check out Villa's comments on this article published by the Association of Certified Financial Crime Specialists.
WC Form
As part of the State of Florida effort to use Check Cashers to enforce WC laws, we have
published a form to assist Check Cashers. See HERE.