Compliance & AML Policy

1. Anti-Money Laundering (AML) Compliance

RemiTracker helps users comply with AML regulations including:

• Bank Secrecy Act (BSA): Record keeping and reporting requirements
• USA PATRIOT Act: Customer identification and due diligence
• FinCEN Regulations: Suspicious activity reporting
• State Regulations: Money transmission and financial services laws

2. Record Retention Requirements

We maintain records for the minimum 5-year period required by AML regulations:

• Transaction Records: All remittance transaction details
• Customer Information: Sender and recipient details
• Documentation: Supporting documents and notes
• Audit Trails: System access and modification logs

3. Suspicious Activity Reporting

Users are responsible for identifying and reporting suspicious activity:

• Unusual transaction patterns or amounts
• Transactions inconsistent with customer profile
• Attempts to avoid reporting requirements
• Structuring transactions to avoid thresholds
• Use of false or stolen identification

4. Customer Due Diligence

RemiTracker assists with customer due diligence requirements:

• Customer identification and verification
• Risk assessment and monitoring
• Enhanced due diligence for high-risk customers
• Ongoing monitoring of customer activity

5. Transaction Monitoring

Our system provides tools for transaction monitoring:

• Real-time transaction tracking
• Pattern recognition and alerts
• Risk scoring and assessment
• Compliance reporting capabilities

6. Data Security and Confidentiality

We maintain strict security measures to protect sensitive information:

• Encryption of all sensitive data
• Secure access controls and authentication
• Regular security assessments
• Employee training on confidentiality
• Incident response procedures

7. Regulatory Cooperation

We cooperate with regulatory authorities as required by law:

• Respond to regulatory inquiries
• Provide requested documentation
• Assist with investigations
• Maintain audit trails for regulatory review

8. Export and Reporting Capabilities

RemiTracker provides tools for regulatory compliance:

• Data export in multiple formats (CSV, PDF, Excel)
• Compliance reporting templates
• Audit trail documentation
• Record retention verification

9. User Responsibilities

Users must:

• Provide accurate and complete information
• Report suspicious activity promptly
• Maintain compliance with applicable laws
• Cooperate with regulatory inquiries
• Keep records for required retention periods

10. Compliance Monitoring

We continuously monitor and update our compliance procedures:

• Regular review of regulatory requirements
• Updates to compliance procedures
• Training on new requirements
• Assessment of compliance effectiveness

11. Contact Information

For compliance-related questions or to report suspicious activity:

• Use the application's contact form
• Contact your compliance officer
• Report directly to FinCEN if required