RV Currency  Money Transmission and e-Regulatory Compliance United States

Collyer Ventures Inc the company which operates RV Currency in the US is registered as a money service business with FINCEN.

Rv Currency is required to comply with many financial services and consumer protection laws incuding :

* The Bank Secrecy Act , which requires RV Currency to verify customer identitiies, maintain records of currency transactions for up to 5 years and report certain transactions.

* The USA Patriot Act , which requires RV Currency to designate a compliance officerto ensure compliance with all applicable laws, create procedures and controls to ensure compliance, conduct training , and periodically review the compliance program .

It is the policy of Collyer Ventures Inc to prohibit money laundering and any activity that facilitates money laundering or the funding of terrorists or criminal activity.

Money laundering is generally defines as engaging in acts designed to conceal or disguise the true origin of criminally derived proceeds appear to have derived from legitmate origins or constitute legitimate assets. Generally ,money laundering occurs in three stages :

* Placement : Cash generated from criminal activities is converted into monetary instruments , such as money orders or traveler’s checks, or deposited into accounts of financial institutions .

* Layering : Funds are transferred or moved into other accounts or other financial institutions to further seperate the money from it’s criminal origin.

* Integration: Funds are reintroduced into the economy and used to purchase legitimate assets or to fund other criminal activities or legitimate businesses.

Terrorist financing may not involve the proceeds of criminal conduct, but rather an attempt to conceal the origin or intended use of the funds , which will be later used for criminal purposes