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MSB compliance and operations support that stands up to examination
We help money service businesses build and run AML programmes, meet registration and reporting obligations and prepare for examinations and independent reviews.
Regulatory landscape
FinCEN and state regulators (US), FINTRAC (Canada), HMRC (UK)
Overview
How Hilix supports money service businesses
Money service businesses, including money transmitters, currency exchangers and cheque cashers, must maintain risk-based AML programmes, register with the relevant authority, file required reports and keep detailed records. Examiners and banking partners test all of it.
Hilix supports MSBs with programme design, daily compliance operations, reporting support and independent testing. We help you meet FinCEN expectations in the US, FINTRAC requirements in Canada and HMRC supervision in the UK, while keeping your operations efficient.
Challenges we solve
What money service businesses need to get right
Recommended services
Hilix services for money service businesses
AML/CFT Compliance Outsourcing
A complete anti-money laundering and counter-terrorist financing programme, designed and operated for your business model.
Compliance Audits & Independent AML Reviews
Independent file testing and control reviews that show exactly where you stand and what to fix first.
Suspicious Activity Reporting (SAR/STR)
Internal referral, investigation and SAR/STR drafting processes that give your MLRO clear, well-evidenced reports.
Regulatory Reporting Support
Data preparation, review and calendars for periodic returns, threshold reports and other regulatory submissions.
Banking & Partner Due Diligence Support
Questionnaires, evidence packs and review preparation that help you win and keep banking and payout partners.
Fintech Licensing Support (EMI, PI, MSB)
Application preparation for EMI, payment institution and MSB licences and registrations across the UK, EU, US and Canada.
AML Compliance Training
Role-based AML, sanctions, fraud and conduct training with real fintech case studies and completion records.
Transaction Monitoring Services
Rule design, daily alert investigation, threshold tuning and MI that keep your monitoring effective and your queues clear.
FAQ
Money Service Businesses: common questions
Can you perform our independent AML test?
Yes, using reviewers independent from any operational work we do for you, scoped to applicable requirements.
Do you help with MSB registration?
We prepare the compliance programme and information needed for FinCEN, FINTRAC or HMRC registration.
Can you help keep our bank account?
Yes. We help you evidence controls and answer bank due diligence thoroughly.