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FinCEN Compliance Policy for Foreign Operations

  FinCEN Compliance Policy for Foreign Operations Effective Date:  08/01/2025 Applicability:  All employees, contractors, and third-party service providers 1. Policy Purpose To ensure compliance with U.S.  Financial Crimes Enforcement Network (FinCEN)  regulations, even while operating outside the United States, given that: The company provides  financial services  (tax filing, business formation, consulting). It may process  U.S.-linked transactions  (e.g., serving U.S. clients, using U.S. banking intermediaries). It must comply with  global AML/CFT standards  (FATF, local laws). 2. FinCEN Regulatory Obligations Even as a foreign entity,  Remote Business Services LLC  must adhere to the following  if it has a U.S. nexus : A. Bank Secrecy Act (BSA) Requirements Suspicious Activity Reports (SARs) File  FinCEN Form 111  if: A transaction involves  $5,000+  and appears suspicious (e.g., money launderi...
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Fraud Prevention Policy

GFIS LLC Fraud Prevention Policy Effective Date: 08/31/2025 Applicability:  All employees, contractors, and third-party service providers 1. Purpose To establish controls that prevent, detect, and respond to fraudulent activities affecting  GFIS LLC , including: Financial fraud  (fake invoices, payment scams, embezzlement). Identity fraud  (fake clients, stolen credentials). Cyber fraud  (phishing, ransomware, data breaches). Internal fraud  (employee misconduct, unauthorized transactions). 2. Fraud Risk Assessment High-risk areas identified: Client onboarding  (fake identities, shell companies). Payment processing  (fraudulent transfers, chargebacks). Bank account management  (unauthorized withdrawals). Tax filings  (false information submitted by clients). Mitigation strategies: Multi-factor authentication (MFA)  for all financial transactions. Segregation of duties  (no single employee controls payments alone). Regular audi...
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