HOW WE CAN HELP
In today’s complex world of financial business, it requires compliance officers to carefully evaluate their agents, and have the ability to obtain a more realistic picture of the major agent’s findings or failures to comply with the license’s compliance program.
Most of our MSB clients are currently taking advantage of this solution, allowing them to achieve full compliance with the latest AML regulatory requirements, avoiding monstrous fines as the recent cases of two of the most prominent money transmitters, yet maintaining a reasonable budget and competitiveness among the major players in the industry.
We also aid in keeping the pulse on your agents with information such as:
Agents changed address without informing you Compliance Department
Change In business ownership.
Agents offering clandestine gambling or other illegal activities.
Compliance with training requisite.
Agents requests such as:
Line of Credit review.
Rates are not
“On-Site Agent Review”
We perform a detailed brief examination, seeking to ensure Agents are complying with the 4 pillars of compliance, as well as record keeping requirements, Dodd Frank and Gramm Leach Bliley Act requirements.
LJ Compliance evaluates your agents, by performing an OnSite analysis and observations based on your policies and procedures. We provide you with a detailed summary of each agent to help you determine if they can compliantly carry out operations on your behalf, including transactions testing, review of remedial actions, verification of agent credentials, change of ownership, on site imagery, signage verification, compliance officer designation, compliance manual, training verification, AML/BSA knowledge, and proper Record keeping.
Quickly gain an understanding of your company’s auditing and consulting needs.
Provide high quality, customized information and solutions that fulfill your needs.
Provide a team of professionals that are highly skilled and experienced.
Provide cost-effective services by leveraging technology and implementing standardized processes.