Compliance
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.
Download the AML Form: CALIFORNIA, OKLAHOMA, TEXAS, ALL OTHER STATES
