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Terms of Compliance...
 

Caribbean Airmail, Inc.
Bank Secrecy Act Compliance

 

As a licensed Money Services Business ( MSB as defined by the Bank Secrecy Act, BSA), CAM ensures that the required Federal Definitions and State Licensing / Registration Requirements are met. CAM is a member of ACAMS and the Association of Certified Money Laundering Specialist and the National Money Transmitter Association ( NMTA).

 

CAM is duly registered with the Financial Crimes Enforcement Network (FinCEN) and complies with the registration, reporting, recordkeeping, and anti-money laundering program requirements contained in regulations promulgated pursuant to the BSA and the  USA Patriot Act .  

 

CAM is committed to assist the Financial Crimes Enforcement Network in its mission to support law enforcement investigative efforts against domestic and international financial crimes. Therefore, as part of the federal government’s fight against money laundering and other financial crimes, CAM is required, under the Federal Bank Secrecy Act, by the U.S. government to ask from its customers their names, addresses and government-issued identification and other relevant information in order to complete certain transactions. The customer’s cooperation with CAM in its efforts to meet federal requirements is critical to the fight against these crimes.

 

“Money laundering” is the process of disguising the existence, illegal source, or application of income derived from criminal activity to make it appear legitimate. Money laundering may be achieved by making assets appear to have been obtained through legal means, or by disguising the true ownership of illicitly derived funds or assets. To that effect, CAM also complies with the Office of Foreign Asset Control (OFAC). In the compliance area, the greatest responsibility imposed on CAM concerns the monitoring and documenting of all transactions and the detection and reporting of certain cash transactions and transactions that violate the anti-money laundering laws.

 

  It is the policy of CAM to comply with all applicable federal and state laws in the discharge of its functions as a licensed money transmitter. It is especially important for CAM to comply with the laws intended to prevent money laundering.

 

CAM is duly licensed by the State Banking Departments of CT, DC, FL, GA, IL, MA, NJ, NY RI.

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