firstname.lastname@example.org 201 222 7872 201 222 7873
SHAKA EXPRESS CORP. ("shakaremit .com") is licensed as a money transmitter by the department of financial services of the following states:
We are also a registered money service business with the Financial Crimes Enforcement Network (FinCEN).
It is always our policy to comply with all government regulations.
As a money service business, we are subject to the following regulations:
We are required to report the following types of transactions to the authorities:
We are required to keep all customer ID, transaction, and corporate records for a minimum of 5 years.
We are required to collect and verify your identification for remittances of $3,000 and more.
We are required to make PEP determination for transactions that have any ties to politically exposed persons.
If you are conducting a transaction on someone else's behalf, we are required to obtain information on both parties: you and the person on whose behalf you are conducting the transaction.
We are required to maintain a compliance program containing adequate policies and procedures in accordance with the applicable regulations.
For more information, refer to FINCEN Website:
ADDITIONAL MEASURES WE TAKE TO PREVENT MONEY LAUNDERING AND TERRORIST FINANCING
WE TAKE THE FOLLOWING ADDITIONAL MEASURES TO PREVENT MONEY LAUNDERING AND TERRORIST FINANCING:
We have adequate controls pertaining to the transaction activity at several instances of the life cycle of a transaction. These controls include: