Exam Preparation
Money Transmitter Exam Preparation for Neobanks
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 neobanks.
Neobanks Exam Preparation Challenges
Meeting sponsor bank compliance requirements
Building compliance credibility
Scaling compliance with user growth
Preparing for potential direct regulation
Managing third-party risk
Examining Agencies
State regulatorsFinCENCFPB
Exam Frequency
Annual or biennial depending on state
Preparation Steps for Neobanks
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 Neobanks
BSA/AML programConsumer protectionData privacyThird-party risk managementSponsor bank requirements
Frequently Asked Questions
Other Exams for Neobanks
BSA/AML Exam Preparation
Execute BSA/AML exam preparation with automated evidence capture and workflow management.
Fair Lending Exam Preparation
Demonstrate fair lending compliance with systematic evidence capture and monitoring workflows.
Consumer Compliance Exam Preparation
Prepare for consumer compliance examinations with comprehensive evidence capture across all regulations.
Money Transmitter Exam Preparation for Other Industries
Transform Money Transmitter Exam Preparation for Your Neobank
See how neobanks prepare for examinations in days, not weeks.