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Money Services

DailyPay Announces Partnership With InfoSync

NEW YORK, Dec. 17, 2019 /PRNewswire/ — DailyPay, the leading provider of the daily pay benefit — a benefit offered through employers that allows employees to receive instant access to their earned wages, today announced its partnership with InfoSync, a leading accounting, reporting and human resources outsourcing solution that principally serves […]

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ACI To Purchase Western Union’s Speedpay

western union speed pay

ACI Worldwide has announced a deal with The Western Union Company that will see ACI acquire Speedpay, Western Union’s United States bill pay business, for $750 million in an all-cash transaction. The combined ACI-Western Union business will service over 4,000 customers across the U.S. and have reach that expands into consumer […]

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Chip and PIN protections Could fall short with new future threats

The protections that chip and PIN payment card solutions offer may fall short as cyber criminals begin installing command-and-control malware on infected EMV device readers, a new report warns. Cyber criminals could begin re purposing ATM EMV malware to attack retail environments by infecting point-of-sale (POS) machines (possibly via malicious […]

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FinCEN Reissues Real Estate Geographic Targeting Orders and Expands Coverage to 12 Metropolitan Areas

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Neil Goldstein is a Certified Anti-Money Laundering Specialist (CAMS) who is the founder of Chesapeake Compliance Consultants, LLC.A prior owner of financial service centers offering check cashing and other related services, Neil has been providing compliance services to MSBs since 2009.Contact Neil @ chesapeakecc@gmail.com or call or him at 443-857-9112.
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Neil Goldstein is a Certified Anti-Money Laundering Specialist (CAMS) who is the founder of Chesapeake Compliance Consultants, LLC.A prior owner of financial service centers offering check cashing and other related services, Neil has been providing compliance services to MSBs since 2009.Contact Neil @ chesapeakecc@gmail.com or call or him at 443-857-9112.
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Neil Goldstein is a Certified Anti-Money Laundering Specialist (CAMS) who is the founder of Chesapeake Compliance Consultants, LLC.A prior owner of financial service centers offering check cashing and other related services, Neil has been providing compliance services to MSBs since 2009.Contact Neil @ chesapeakecc@gmail.com or call or him at 443-857-9112.
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PR Release for Immediate Release Steve Hudak, 703-905-3770 Purchase Threshold Lowered to $300,000 and Virtual Currencies Included WASHINGTON—The Financial Crimes Enforcement Network (FinCEN) today announced the issuance of revised Geographic Targeting Orders (GTOs) that require U.S. title insurance companies to identify the natural persons behind shell companies used in all-cash […]

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TIGTA chides IRS in two key compliance areas, stating its AML efforts have a ‘minimal impact’ and its failing to properly use CTR data

Neil Goldstein is a Certified Anti-Money Laundering Specialist (CAMS) who is the founder of Chesapeake Compliance Consultants, LLC.A prior owner of financial service centers offering check cashing and other related services, Neil has been providing compliance services to MSBs since 2009.Contact Neil @ chesapeakecc@gmail.com or call or him at 443-857-9112.
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Neil Goldstein is a Certified Anti-Money Laundering Specialist (CAMS) who is the founder of Chesapeake Compliance Consultants, LLC.A prior owner of financial service centers offering check cashing and other related services, Neil has been providing compliance services to MSBs since 2009.Contact Neil @ chesapeakecc@gmail.com or call or him at 443-857-9112.
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Neil Goldstein is a Certified Anti-Money Laundering Specialist (CAMS) who is the founder of Chesapeake Compliance Consultants, LLC.A prior owner of financial service centers offering check cashing and other related services, Neil has been providing compliance services to MSBs since 2009.Contact Neil @ chesapeakecc@gmail.com or call or him at 443-857-9112.
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The U.S. Treasury Office of Inspector General for Tax Administration (TIGTA) has criticized the Internal Revenue Service in two key areas related to financial crime compliance and investigations, stating in one report that the agency’s anti-money laundering (AML) division – that typically examiners all non-bank operations without a federal functional […]

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The Latest State to Implement Money Transmitter Licensing Laws and Regulations

Neil Goldstein is a Certified Anti-Money Laundering Specialist (CAMS) who is the founder of Chesapeake Compliance Consultants, LLC.A prior owner of financial service centers offering check cashing and other related services, Neil has been providing compliance services to MSBs since 2009.Contact Neil @ chesapeakecc@gmail.com or call or him at 443-857-9112.
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Neil Goldstein is a Certified Anti-Money Laundering Specialist (CAMS) who is the founder of Chesapeake Compliance Consultants, LLC.A prior owner of financial service centers offering check cashing and other related services, Neil has been providing compliance services to MSBs since 2009.Contact Neil @ chesapeakecc@gmail.com or call or him at 443-857-9112.
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Neil Goldstein is a Certified Anti-Money Laundering Specialist (CAMS) who is the founder of Chesapeake Compliance Consultants, LLC.A prior owner of financial service centers offering check cashing and other related services, Neil has been providing compliance services to MSBs since 2009.Contact Neil @ chesapeakecc@gmail.com or call or him at 443-857-9112.
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Friday, August 3, 2018 South Carolina’s money transmitter licensing law, the South Carolina Anti-Money Laundering Act, and its implementing regulations (collectively, the “Act”) became effective on May 25th 2018 becoming the latest state to implement such legislation. This means that the newly established Money Services Division (the “Division”) within the […]

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Stores help prevent scams through pre-paid cards by talking to customers

Neil Goldstein is a Certified Anti-Money Laundering Specialist (CAMS) who is the founder of Chesapeake Compliance Consultants, LLC.A prior owner of financial service centers offering check cashing and other related services, Neil has been providing compliance services to MSBs since 2009.Contact Neil @ chesapeakecc@gmail.com or call or him at 443-857-9112.
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Neil Goldstein is a Certified Anti-Money Laundering Specialist (CAMS) who is the founder of Chesapeake Compliance Consultants, LLC.A prior owner of financial service centers offering check cashing and other related services, Neil has been providing compliance services to MSBs since 2009.Contact Neil @ chesapeakecc@gmail.com or call or him at 443-857-9112.
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Neil Goldstein is a Certified Anti-Money Laundering Specialist (CAMS) who is the founder of Chesapeake Compliance Consultants, LLC.A prior owner of financial service centers offering check cashing and other related services, Neil has been providing compliance services to MSBs since 2009.Contact Neil @ chesapeakecc@gmail.com or call or him at 443-857-9112.
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NASHVILLE, Tenn. (WKRN) – From Green Dot pre-paid cards to gift cards, experts say they’re the perfect vehicles for scam artists to steal your money. “It acts like cash,” said Lisa Smith with the Better Business Bureau of Middle Tennessee. “So, once it’s gone, it’s gone.” “It’s untraceable, there’s no recourse,” Smith […]

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New FinCEN Statement Says Many Token Sellers Will Be Considered Money Services Business

Neil Goldstein is a Certified Anti-Money Laundering Specialist (CAMS) who is the founder of Chesapeake Compliance Consultants, LLC.A prior owner of financial service centers offering check cashing and other related services, Neil has been providing compliance services to MSBs since 2009.Contact Neil @ chesapeakecc@gmail.com or call or him at 443-857-9112.
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Neil Goldstein is a Certified Anti-Money Laundering Specialist (CAMS) who is the founder of Chesapeake Compliance Consultants, LLC.A prior owner of financial service centers offering check cashing and other related services, Neil has been providing compliance services to MSBs since 2009.Contact Neil @ chesapeakecc@gmail.com or call or him at 443-857-9112.
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Neil Goldstein is a Certified Anti-Money Laundering Specialist (CAMS) who is the founder of Chesapeake Compliance Consultants, LLC.A prior owner of financial service centers offering check cashing and other related services, Neil has been providing compliance services to MSBs since 2009.Contact Neil @ chesapeakecc@gmail.com or call or him at 443-857-9112.
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ICO issuers commonly screen purchasers in initial token or “coin” offerings (ICOs) for anti-money laundering (AML) and “Know-Your-Customer” (KYC) purposes using online vendors. But there has been uncertainty as to whether, and under what conditions, an ICO issuer would need to go as far as registering as a money service […]

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What’s the Treasury doing about bitcoin?

Neil Goldstein is a Certified Anti-Money Laundering Specialist (CAMS) who is the founder of Chesapeake Compliance Consultants, LLC.A prior owner of financial service centers offering check cashing and other related services, Neil has been providing compliance services to MSBs since 2009.Contact Neil @ chesapeakecc@gmail.com or call or him at 443-857-9112.
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Neil Goldstein is a Certified Anti-Money Laundering Specialist (CAMS) who is the founder of Chesapeake Compliance Consultants, LLC.A prior owner of financial service centers offering check cashing and other related services, Neil has been providing compliance services to MSBs since 2009.Contact Neil @ chesapeakecc@gmail.com or call or him at 443-857-9112.
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Neil Goldstein is a Certified Anti-Money Laundering Specialist (CAMS) who is the founder of Chesapeake Compliance Consultants, LLC.A prior owner of financial service centers offering check cashing and other related services, Neil has been providing compliance services to MSBs since 2009.Contact Neil @ chesapeakecc@gmail.com or call or him at 443-857-9112.
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by Jose Pagliery A U.S. senator is asking the Treasury Department to explain its efforts to ensure that bitcoin is not being used by criminals and terrorists to evade bank regulations. Senator Ron Wyden sent his questions in a letter to the Treasury Department’s Financial Crimes Enforcement Network on Thursday. […]

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