You Can Help Prevent Crime and Terrorism
As a MEMO agent you can take an active role in preventing money
laundering and terrorism. By maintaining accurate records and filing
reports in a timely manner, you are fulfilling your legal obligation to help
stop money laundering and terrorism against the United States.
Critical Information for MEMO Agents
Knowledge and understanding of the Agent Anti-Money Laundering
Compliance Guide is essential to you, your employees and your business.
Carefully read the Anti-Money Laundering Manual. The AML Guide is not intended to replace the services of an attorney.
Avoid fines, penalties and illegal activities by complying with the information
provided in the AML Agent Guide.
According to Section 352 of the
USA Patriot Act and 31 CFR 103.125
from the Bank Secrecy Act regulations,
all money services businesses (MSBs)
must adopt a written "anti-money
laundering program" (AML program)
that is designed to prevent money
launderers and terrorists from using
the financial products you provide.