It is NYBR's policy to follow both the
letter and the spirit of the law and regulations. We do not want
our money transfers to be used in illegal money laundering schemes.
We will not do business with anyone who knowingly violates the
regulations.All
remittance orders, regardless of amount, must clear NYBR’s compliance screening.
For the following conditions, NYBR requires the remitter to fill the
Anti-Money
Laundering (AML) form and submit a copy of a non-expired government-issued
ID:
NYBR will not forward a transaction
if the following documentation is not submitted together with a
remittance that hits the following thresholds:
1) Transaction totals $2,000 or more,
inclusive of service fee with in 1 day (whether single or multiple
transactions)
2) Transaction totals $3,000 or more
inclusive of service fee within 5 days (whether single or multiple
transactions)
3) Transaction totals $5,000 or more
inclusive of service fee within 1 day(whether single or multiple
transactions;
aside from AML form, source of funds must be
submitted.)
4) The
above thresholds must be observed by all remitters. Download the
appropriate AML form for your state:
CALIFORNIA - File AML.
TEXAS -
File AML.
OKLAHOMA -
File AML.Transactions (single or multiple on the same day) of
$1000 and above.
ALL STATES -
File AML.
Submission of the above documents does not
automatically mean the remittance will be processed. It is still subject
to NYBR's compliance screening.
For further inquiries contact:
Compliance Officer - Rosa Mazzuera
212.382.2828 ext 2117
Compliance Assistant - Marineil Leynes
800.937.3648 ext 329
CALIFORNIA, OKLAHOMA, TEXAS,
ALL OTHER STATES
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