Money Services Business Compliance and Licensing Checklist
Complete this checklist to assess your business’s compliance status and licensing readiness. Please provide accurate and up-to-date information.
Legal Business Name
*
Business Registration Number (non-sensitive identifier)
*
Business Structure
*
Corporation
Limited Liability Company (LLC)
Partnership
Sole Proprietorship
Other
Primary Business Activity
*
Money Transmission
Currency Exchange
Check Cashing
Issuing/Reloading Prepaid Cards
Other
Jurisdictions/States/Regions Where Services Are Offered
*
Current Licensing Status
*
Fully Licensed in All Jurisdictions
Partially Licensed (Some Jurisdictions Pending)
License Applications in Progress
Not Yet Licensed
Registration Details (e.g., FinCEN or other authority)
*
Compliance Program Status
*
Comprehensive Written Compliance Program in Place
Program Under Development
No Formal Compliance Program
Anti-Money Laundering (AML) and Know Your Customer (KYC) Procedures
*
Customer Identification Program (CIP) implemented
Ongoing Customer Due Diligence
Enhanced Due Diligence for High-Risk Clients
Transaction Monitoring
Other
Recordkeeping Practices
*
Transaction Records Maintained
Customer Records Maintained
Records Retained for Required Period
Electronic Recordkeeping System
Other
Suspicious Activity Reporting Process
*
Formal Process Documented and Implemented
Process Under Development
No Formal Process
Sanctions Screening Process
*
Automated Screening System in Place
Manual Screening Conducted
No Sanctions Screening
Agent/Branch Network Overview (list locations or attach summary)
Ownership/Controlling Persons Overview (do not include sensitive identifiers)
Prior Enforcement or Compliance Issues (if any)
Upload Supporting Documents for Review (e.g., compliance program, policies, licenses)
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