STATEMENT BY JASON CARBALLO, PRESIDENT, FINANCIAL SERVICE CENTERS OF NEW YORK, REGARDING MANHATTAN DISTRICT ATTORNEY ROBERT MORGENTHAU’S PRESS RELEASE PERTAINING TO VALE CHECK CASHING, VEIL CHECK CASHING AND TOMPKINS EXPRESS CHECK CASHING

“None of the defendants listed in the indictment are members of FSCNY. FSCNY is not part of this investigation and has not been contacted by the Manhattan District Attorney’s office regarding it. The first we learned of the investigation was when the News Release of July 28 was issued.

“Check cashers are licensed by the New York State Banking Department and are required to maintain detailed records of their transactions. Licensed check cashing companies provide much needed financial services throughout many New York communities.

“FSCNY offers extensive resources to help ensure that its members are fully in compliance with all appropriate federal and state laws, including the Bank Secrecy Act, USA PATRIOT Act and anti-money laundering laws. We expect our members to be in full compliance with the laws that govern their business operations.”