MLR3C10115 - Business sector specific Guidance: Money Service Businesses: General Compliance Checks at a Cheque Cashers.

Credibility checks

There are risks associated with cheque cashers themselves and officers need to obtain the following information.

• Establish how long the business has been trading.
• For new businesses confirm whether the Nominated Officer or person directing the business has had previous experience of cheque cashing
• Confirm the source of cash used to pay customers. Do they purchase any cash from other businesses?
• Confirm what security measures are in place.
• Can the business support the cost of the accommodation if the trading premises are rented?