Canarie AI

31 CFR Chapter X

BSA/AML Compliance Execution for Licensed Fintechs

The Bank Secrecy Act requires financial institutions to maintain comprehensive anti-money laundering programs. Canarie helps you execute BSA/AML compliance through automated workflows for customer identification, enhanced due diligence, transaction monitoring, and SAR filing, with complete evidence capture. Specifically tailored for the compliance requirements of licensed fintechs.

More for Licensed Fintechs

Key Requirements

1
Customer Identification Program (CIP)
2
Customer Due Diligence (CDD) and Enhanced Due Diligence (EDD)
3
Transaction monitoring and suspicious activity detection
4
Suspicious Activity Report (SAR) filing
5
Currency Transaction Report (CTR) filing
6
BSA/AML training program
7
Independent testing and audit

Licensed Fintechs Compliance Challenges

Managing licenses across 50+ jurisdictions
Tracking state-specific requirements
License renewal management
State examiner relationships
Scaling to new states efficiently

How Canarie Helps Licensed Fintechs

Automated Workflows

Recurring BSA/AML Compliance Execution tasks are scheduled, assigned, and tracked automatically.

Evidence Capture

Evidence is captured automatically as compliance work is completed.

Audit Trails

Complete audit trails show who did what, when, with immutable records.

Examiner-Ready Export

Export organized evidence packages in formats examiners expect.

Non-Compliance Risks

Civil money penalties up to $1M per day
Criminal penalties including imprisonment
Cease and desist orders
Consent orders with corrective action requirements

Frequently Asked Questions

Automate BSA/AML Compliance Execution for Your Licensed Fintech

See how licensed fintechs execute compliance with confidence.