Filing CTRs

Filing Currency Transaction Reports (“CTRs”) for all cash transactions in excess of $10,000.

Filing SARs

File Suspicious Activity Reports (“SARs”) for transactions involving suspected Money Laundering.

Maintaining Records

Maintaining records for all transactions of $3,000 to $10,000, certain transactions of $3,000 or more and records of currency exchanges (foreign to the US) in excess of $1,000.

Keeping Reports

Keeping copies of all reports and records for a minimum of five years.

AML Policies

Creating AML policies and procedures.

Compliance Officer

A Compliance Officer to Administer the AML Program.

Training Program

Maintain and execute an employee training program and periodic reviews to ensure compliance policies are in effect.