Clara

Available

Compliance Lifecycle Analysis, Review and Assistance

AI Compliance Officer Assistant · Designed for small and medium-sized MSBs

Clara is an AI-powered assistant for the compliance officer at a Money Services Business. She works alongside your compliance officer — organizing documentation, tracking deadlines, applying the reporting thresholds your business is subject to, and answering compliance questions with the exact citation attached. She reports what is present and what is missing; a person decides what it means.

Clara is not the compliance officer. Your compliance officer keeps full responsibility and accountability. Clara reports what is present and what is missing against your obligations — never whether your business is compliant: it does not certify that you are compliant or exam-ready. Every finding is surfaced for a person to act on.

What Clara Does

Organizes and validates your compliance documentation and flags what is missing against your obligations

Tracks your regulatory deadlines — renewals, filings, periodic reports, audits — and sends reminders by email and SMS before they come due

Answers your compliance questions with the exact statute or rule citation attached, so every answer is checkable — informational, for your compliance officer's judgment, and not legal advice

Applies the transaction reporting thresholds your business is subject to and flags what crosses them

Performs gap analysis — what is present versus what your obligations require — so nothing goes quietly missing

Assembles and organizes what an examination asks for, so a request does not become a scramble

How Clara Works

Clara's compliance framework is built from your license type, business model, and the specific statutes that govern your operations. A check casher in Florida gets a different compliance map than a money transmitter — because the law treats them differently.

Business-Specific Configuration

Clara is configured for your exact business model — check casher, money transmitter, currency exchanger, payment instrument seller, or deferred presentment provider. Different businesses have different requirements, and Clara is set up to your specific regulatory profile rather than run as one generic tool.

Document Management

Clients upload documents through a secure portal or shared folder. Clara organizes, categorizes, and validates them against regulatory requirements. Missing documents are flagged.

Deadline Intelligence

Every deadline is calculated from your license dates, fiscal year, and business type. Approaching deadlines are escalated automatically on a reminder schedule configured for your business, with the compliance officer notified at each stage.

Versioned Obligations

When your compliance obligations change, the update is dated to when it takes effect.

Works with ProgramForce

Clara and ProgramForce are designed to work together. ProgramForce builds and versions your AML compliance program — the obligations Clara tracks against — and the two are being connected so that when your program changes, the update reaches Clara versioned and dated, shown ahead of its effective date rather than applied silently. That connection is still being built; today Clara does not read a live ProgramForce feed.

What Clara Does Not Do

Clara does not certify that your business is compliant, exam-ready, or adequate. It reports what is present and what is missing; whether that is enough is your compliance officer's judgment.

Clara does not decide whether activity is suspicious and does not file SARs. Those determinations stay with your people.

Clara does not handle incident response. If something goes wrong operationally, that remains your business's responsibility.

Clara does not give legal advice. Its answers and citations are informational, for a qualified person to act on.

Clara does not make compliance decisions. It surfaces findings for a person; a person decides. Human-in-the-loop is by design.

Who Clara Is For

Check cashers operating under state and federal regulation

Money transmitters managing complex multi-requirement compliance

Foreign currency exchangers with reporting obligations

Payment instrument sellers tracking security and net worth requirements

Deferred presentment providers with database and fee compliance

Privacy & Data Isolation

Each client's data lives in its own separate store, isolated from every other client's — isolation is built into Clara's architecture, not a policy added on top. Access is limited to your organization. Clara also keeps an internal audit trail of what it did; that record is held by the firm and is not client-exportable, which protects its integrity.

Interested in Clara for your business?