|
Legal and Compliance
Anti-Money Laundering Compliance and State Licensing
Choice Money Transfer is licensed to conduct business in
the states listed below. In accordance with the requirements
of the Bank Secrecy Act, the PATRIOT ACT, and all relevant
state regulations, Choice Money Transfer employs a full time
staff to monitor all agencies and transactions to ensure compliance
with all applicable laws and regulations relating to the prevention
of money laundering. Simply put, these laws define the circumstances
under which financial institutions such as Choice Money Transfer
are required to take reasonable steps to verify both the identity
of its customers and the source of their funds. Some agencies,
such as the Office of Foreign Asset Control, set limitations
as to persons, organizations and even countries with whom
a financial institution such as Choice Money Transfer can
do business. It is important to note that these requirements
do not necessarily depend on the size of the transaction.
Through the use of sophisticated software filters and individual
analysis, we are required to monitor all transactions for
evidence of individuals engaged in a pattern of transactions
that give rise to a reasonable suspicion that they are "structuring"
their transactions to avoid providing information or documentation
to verify their identity and/or source of funds. Thus, customers
may be required to provide valid government identification
and other information and documentation regarding the transaction
and their source of funds, REGARDLESS OF THE SIZE OF THE TRANSACTION.
The information provided by customers for fulfillment of
our compliance obligations is considered non-public personal
information. As such, Choice Money Transfer is prohibited
by law from releasing this information except insofar as it
is necessary to complete the customer's transaction or in
response to a request by a state or federal government agency.
STATE LICENSING
STATE: Georgia
LICENSING AUTHORITY: Commissioner of Banking Dept of Banking
and Finance
CONTACT INFORMATION FOR COMPLAINTS: The Legal and Consumer
Affairs Division of the Georgia Department of Banking and
Finance will accept all questions or complaints from Georgia
residents regarding Choice Money Transfer, Inc. at: 2900 Brandywine
Road, Suite 200, Atlanta, GA 30341-5565. Phone number: (770)
986-1633 or Toll Free (888) 986-1633, Fax (770) 986-1657
STATE: Maryland
LICENSING AUTHORITY: State Bank Commissioner Dept of Licensing
and Regulation
CONTACT INFORMATION FOR COMPLAINTS: The Commissioner of Financial
Regulation for the State of Maryland will accept all questions
or complaints from Maryland residents regarding Choice Money
Transfer, Inc. at: 500 North Calvert Street, Room 402, Baltimore,
Maryland 21202. Phone number: 888-784-0136
STATE: New York
LICENSING AUTHORITY: Director Superintendent of Banks New
York Banking Dept
CONTACT INFORMATION FOR COMPLAINTS: The New York State Banking
Department consumer Services Division will accept all questions
or complaints from New York residents regarding Choice Money
Transfer, Inc. at: One State Street, New York, N.Y. 10004-1417
or call 877-BANKNYS
STATE: North Carolina
LICENSING AUTHORITY: Commissioner North Carolina Banking Commission
CONTACT INFORMATION FOR COMPLAINTS: The North Carolina Commissioner
of Banks Consumer Services Division will accept all questions
or complaints from North Carolina residents regarding Choice
Money Transfer, Inc. at: 4309 Mail Service Center, Raleigh,
N.C. 27699-4309 or call (919) 733-3016, Fax (919) 733-691
|
