About Procedures For Conducting Business At Amscot

To help the government fight the funding of terrorism and money laundering activities, Federal Law requires Amscot and all other financial institutions to obtain, verify, and record information that identifies each person who conducts check cashing, wire transfers, cash advance, prepaid debit card, and other financial transactions with us.

What this means for you: when you cash a check, purchase money orders, send or receive money, obtain a cash advance, load funds onto a prepaid debit card, or conduct another financial transaction, we may ask for your:

  • Name
  • Street Address
  • Date of Birth
  • Valid Government Issued Photo ID (Driver's License, Passport, Etc.)
  • SSN, TIN, or Alien Identification Number
  • Occupation Information
  • Transaction Details
  • Other Identifying Documents

The Fight Against Financial Crime

Financial Crimes Enforcement Network SealHelp Protect Our Country and Our Communities
Under the federal Bank Secrecy Act, the U.S. government requires this business to ask for your name, address, government-issued identification, and other relevant information in order to complete certain transactions.

This requirement is part of the federal government's fight against money laundering and other financial crime, which allow criminals to conceal and profit from other illegal activities including drug trafficking, arms trafficking, terrorism and other types of organized crime.

How does this affect me?
Financial crimes like money laundering encourage additional crime that hurts our community and threatens our nation's security. Your cooperation with this business in its efforts to meet federal requirements is critical to the fight against these crimes.

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