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