Exam Preparation
Money Transmitter Exam Preparation for Fintech
Money transmitter examinations focus on licensing compliance, BSA/AML program effectiveness, and consumer protection. Canarie helps licensed money transmitters maintain evidence of compliance across multiple state jurisdictions. Specifically tailored for the unique examination requirements facing fintech.
Fintech Exam Preparation Challenges
Building compliance programs from scratch
Meeting sponsor bank requirements
Preparing for potential direct regulation
Scaling compliance with rapid growth
Managing multi-state licensing
Examining Agencies
State regulatorsFinCENCFPB
Exam Frequency
Annual or biennial depending on state
Preparation Steps for Fintech
1
Review licensing compliance across states2
Compile BSA/AML program evidence3
Document consumer complaint handling4
Gather transaction monitoring evidence5
Prepare permissible investment documentation6
Document agent oversight activities7
Compile surety bond complianceEvidence Examiners Expect
Multi-state licensing documentation
BSA/AML program records
Transaction monitoring reports
Consumer complaint logs
Permissible investment records
Agent due diligence and monitoring
Surety bond documentation
Related Compliance Areas for Fintech
BSA/AML programConsumer protectionData privacyThird-party risk managementState licensing
Frequently Asked Questions
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Transform Money Transmitter Exam Preparation for Your Fintech
See how fintech prepare for examinations in days, not weeks.