What is Consulting?

As the name suggests, it consists on asking an expert about a topic or problem or specific question, in order to

obtain a qualified answer. Generally our clients inquire about specific application of regulation, things they can or

cannot do, as well as to get an opinion on specific business models. With expertise in the MSB-related compliance

industry for many years, including working at the forefront of risk management and field operations, we are able to

deliver solid advice.

It is important to clarify that our consulting services do not constitute legal advice, and our firm does not provide

legal advice.

How much does it cost to have a consulting session?

Costs vary on the specific topics that are to be addressed. Highly specialized topics usually carry a much higher

hourly fee. Regular consulting sessions start at $150 per hour, billed in half hour increments. Specialized topics

start at $250 per hour. Such topics include virtual currencies and technology. We offer monthly retainer plans

which include access to consulting services. Please contact us for more information.

How can I get a Compliance Program?

One of the fundamental parts of your compliance functions is to have a solid and sound Anti-Money Laundering

Compliance Program. As part of our services, we design and tailor anti-money laundering compliance programs

suited to our client’s specific business needs for mainstream industries such as currency exchange and check

cashing. Starting in 2019, we are implementing a subscription-based Compliance Program service. Please contact

us for more information. If we have you in our mailing list, we will notify you when the service is available.

If you require a specific Compliance Program, such as one for virtual currencies, or for an unusual business model,

please contact us, we will be happy to discuss how we can help you design a solid compliance program that will fit

your needs.

I am going to get audited by the regulator. Can you help?

We can provide support and consulting services during an audit, by explaining specific requirements that the

examiner may have, as well as providing a guide on how to find specific pieces of information that you may be

unable to locate.

However, a consultant’s job yields best results when services are provided way before an audit arrives. Usually, by

the time an audit is announced, it is too late to look into what things are missing, what deficiencies there are in the

whole compliance process, or what bits of information may not be readily available and need to be located.

Therefore, we can help by preparing your business for an audit, at any time. That is where the true value of our

services lay.

My bank asks for so much. Can you explain why?

Banks are highly regulated. Think of it as an MSB with 5 strict regulators on top of it. Plus they usually have

thousands or tens or even hundreds of thousands of accounts (sometimes even more). They usually have large

compliance departments that must do (in certain way) the same work you have to do. Part of that work is keeping

your customer’s information accurate and current. They are required by law to Know Your Customer. And

therefore, they engage in this information gathering and updating on a regular basis. It is nothing personal, and it is

not to done to aggravate its customers. It is done to comply with the law and operate in a safe and sound manner.

How can AML Compliance Solutions help me with a license?

The process of licensing can be simple, or can be quite tricky. Throughout the years we have assisted many

entrepreneurs in preparing the documentation that needs to be submitted to apply for a Money Services License.

We also have done so for several states in the United States. By using our services, you avoid typical pitfalls that

may result in delays, or even denial of your licensing application. You also get as part of the licensing service the

preparation of an anti-money laundering program.

If you need assistance with a complex license, such as those for virtual currencies, we are here to help. We have

assisted well known companies in the cryptocurrency space to obtain a money transmitter’s license. References can

be provided upon request.

Do you do independent reviews?

We opted not to conduct independent reviews, as it would interfere with our ability to provide other services. If you

require an independent review we can gladly refer you to a qualified firm that can provide that service for you. Keep

in mind that an independent review should be carried out by someone that has the proper credentials and the

experience. Usually accountants and lawyers do not have the expertise required to properly conduct an

independent review.

Can you help me open a bank account?

We can help you prepare to apply for a Money Services Business - rated bank account. However, the application has

to stand on its own merits. If you have questions regarding your banking options, feel free to contact us and we will

point you in the right direction.

Did you receive a mail out about your company?

We do not send mail outs. There is a company that sends mailouts with the topic of compliance, probably with the

intent of making you pay to renew your corporation. That is not us. We receive multiple calls every week from

people that find us in Google. The company that send the mail out did not put a telephone on purpose. FYI, you

can pay your own corporation renewal fees. Don’t fall for their scam.