Best Value Currency is a registered as a Money Service Business at the federal level with the Financial Crimes Enforcement Network (“FinCEN”), which is a bureau of the United States Department of Treasury.The prevention of money laundering is a key focus of regulatory authorities in countries all around the world. Money laundering regulations are designed to inhibit the movement of funds derived from criminal activity and to restrict the availability of money to fund terrorist activities. In accordance with State and Federal regulatory obligations, we have strict procedures in place to minimize the risk that our service could be used for money laundering purposes including:

  • Ensuring Knowing your Customers ( KYC)
  • Monitoring and reporting suspicious transactions
  • Maintaining records for at least five years
  • Training staff to recognize suspicious transactions and to be aware of their reporting obligations
  • Responding to law enforcement requests

 

WARNINGMoney laundering is a criminal offense. You should be aware that, by misusing our service, you could expose yourself to criminal prosecution, as we are bound to automatically report such behavior to the authorities. Examples of misuse include, but are not limited to:

  • Breaking a large transaction into smaller transactions to avoid reporting
  • Providing false or misleading contact details
  • Providing false identification documents