Check Cashing News Archives - Capital Retail Solutions Archive

Check Cashing Red Flags: Fraud, Money Laundering, & Terrorist Financing

Posted on: June 30th, 2025

For Money Services Businesses (MSBs), check cashing services are a vital way to serve underbanked communities and provide fast access to funds, but they also come with serious risks and red flags that can signal fraud, money laundering, or terrorist financing. To protect your business and ensure compliance with federal regulations, your staff must be […]

Do I Need To Run ALL Checks Through My Check Cashing System?

Posted on: October 22nd, 2024

The Short Answer: Yes! If you operate a check cashing business, every check must be processed through your check cashing system. This is not just a best practice—it’s necessary for compliance, fraud prevention, and risk management. 3 Reasons Why 1. KYC Compliance Know Your Customer (KYC) regulations require businesses to verify the identity of their […]