What Is AML for a Money Transfer Store?
Simple Guide for Remittance Stores and Authorized Agents If you run a money transfer store, also known as a remittance store, you likely operate as an authorized agent for one or more money transmitters such as Western Union, MoneyGram, RIA, or similar providers. In that environment, AML is one of the most important concepts to […]
What Happens During a Compliance Audit of a Money Transfer Agent
If you run a money transfer store, also known as a remittance store, you likely operate as an authorized agent for one or more money transmitters. Understanding what happens during a compliance audit is essential to protecting your business. Many owners believe audits only happen to large financial companies. In reality, smaller money transfer stores […]