Exam Preparation

Money Transmitter Exam Preparation for Regional Banks

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 regional banks.

More for Regional Banks

Regional Banks Exam Preparation Challenges

Multi-state regulatory complexity
Coordinating compliance across business lines
Scaling compliance with growth
Managing multiple examiner relationships
Consistent policy implementation

Examining Agencies

State regulatorsFinCENCFPB

Exam Frequency

Annual or biennial depending on state

Preparation Steps for Regional Banks

1
Review licensing compliance across states
2
Compile BSA/AML program evidence
3
Document consumer complaint handling
4
Gather transaction monitoring evidence
5
Prepare permissible investment documentation
6
Document agent oversight activities
7
Compile surety bond compliance

Evidence 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 Regional Banks

Enterprise compliance programBSA/AMLConsumer lending complianceMortgage complianceState-specific requirements

Frequently Asked Questions

Transform Money Transmitter Exam Preparation for Your Regional Bank

See how regional banks prepare for examinations in days, not weeks.