FinCEN and OFAC: Compliance Basics for Training Centers Taking Wires

If your training center accepts large international payments, a small but non-negotiable compliance layer comes with it. Missing it carries real penalties.

BSA/FinCEN CTR

Transactions at or above $10,000 trigger Currency Transaction Report obligations. A compliance queue that flags them for review is the practical answer.

OFAC screening

Every international counterparty should be screened against OFAC sanctions lists — at onboarding and per transaction, since lists update.

Form 8300 for cash equivalents

Cashier’s checks and money orders over $10,000 trigger IRS Form 8300, with customer notification and five-year retention.

Build it into the data model

Flagging, screening, and retention belong in the billing system, not a manual checklist. AviationAlley builds them in.