Compliance

Regulatory Overview:

RWC is fully registered with FinCEN as a Money Services Business. All internal operations follow the Bank Secrecy Act (BSA) and USA PATRIOT Act requirements.

AML Program Components:

  • Appointed Compliance Officer
  • Independent third‑party AML audit annually
  • Ongoing employee training
  • CIP, CDD, and EDD frameworks
  • Automated OFAC and global sanctions checks
  • Transaction monitoring using risk indicators and behavioral analysis
  • Recordkeeping compliant with 31 CFR § 1022

Reporting Obligations:

  • Suspicious Activity Reports (SARs)
  • Currency Transaction Reports (CTRs)
  • OFAC blocking/holding reports where required
  • Regulatory inquiry cooperation protocols

Documentation Repository:

  • MSB Registration Confirmation
  • AML Program Summary
  • Corporate Governance Overview
  • FCC/FinCEN notices (as applicable)