{
  "body_html": "<h2>Regulatory Change Management</h2>\n<p>Rules and guidance for AML compliance change frequently. Rapido Facil Exchange Co. must track these changes and update its program when they happen.</p>\n<p>Check these sources on the required schedule:</p>\n<ul>\n<li><strong>OFAC</strong> (the government agency that publishes sanctions lists) — daily</li>\n<li><strong>FinCEN</strong> (the federal agency that regulates financial crime reporting) — weekly</li>\n<li><strong>Florida state rules and laws</strong> — monthly</li>\n<li><strong>FinCEN enforcement actions</strong> — monthly</li>\n<li><strong>FFIEC Examiner's Manual</strong> (the federal exam guide) — quarterly</li>\n<li><strong>FATF guidance</strong> (international standards body) — three times a year: February, June, October</li>\n</ul>\n<p>When you find a change, decide whether it affects Rapido Facil Exchange Co.'s <strong>check cashing</strong>. A change is <strong>material</strong> if it does any of these things: changes a dollar threshold, requires new steps, affects what you tell customers, or changes a filing obligation.</p>\n<p>For every applicable change, you must complete these steps in order:</p>\n<ol>\n<li>Write proposed program updates within <strong>30 days</strong> of finding the change.</li>\n<li>If the change requires legal interpretation, send the draft to legal counsel before finalizing.</li>\n<li>Submit all updates to the <strong>Compliance Committee</strong> for approval.</li>\n<li>Notify the <strong>Board in writing</strong> of all material changes. Include the regulation, the affected program sections, and the effective date.</li>\n<li>Distribute the updated program to all affected staff.</li>\n<li>If procedures changed, conduct <strong>targeted training</strong> and document completion before the effective date.</li>\n<li>Record the change in the <strong>Regulatory Change Log</strong>: source, description, effective date, action taken, sections changed, whether training occurred, and date closed.</li>\n</ol>\n<p>Also maintain a <strong>Pending Rule Table</strong> for proposed rules that are not yet final. Review it monthly.</p>",
  "narration_text": "Rules and guidance for AML compliance change frequently. Rapido Facil Exchange Co. must track these changes and update its program when they happen.\r\n\r\nCheck these sources on the required schedule:\r\n\r\nOFAC (the government agency that publishes sanctions lists) — daily\r\nFinCEN (the federal agency that regulates financial crime reporting) — weekly\r\nFlorida state rules and laws — monthly\r\nFinCEN enforcement actions — monthly\r\nFFIEC Examiner's Manual (the federal exam guide) — quarterly\r\nFATF guidance (international standards body) — three times a year: February, June, October\r\n\r\nWhen you find a change, decide whether it affects Rapido Facil Exchange Co.'s check cashing. A change is material if it does any of these things: changes a dollar threshold, requires new steps, affects what you tell customers, or changes a filing obligation.\r\n\r\nFor every applicable change, you must complete these steps in order:\r\n\r\nWrite proposed program updates within 30 days of finding the change.\r\nIf the change requires legal interpretation, send the draft to legal counsel before finalizing.\r\nSubmit all updates to the Compliance Committee for approval.\r\nNotify the Board in writing of all material changes. Include the regulation, the affected program sections, and the effective date.\r\nDistribute the updated program to all affected staff.\r\nIf procedures changed, conduct targeted training and document completion before the effective date.\r\nRecord the change in the Regulatory Change Log: source, description, effective date, action taken, sections changed, whether training occurred, and date closed.\r\n\r\nAlso maintain a Pending Rule Table for proposed rules that are not yet final. Review it monthly."
}