Green Dot 2010 Annual Report Download - page 19

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We own several trademarks, including Green Dot, MoneyPak and the Green Dot logo. These assets
are essential to our business. Through agreements with our network acceptance members, retail
distributors and customers, we authorize and monitor the use of our trademarks in connection with their
activities with us.
We have one patent application under consideration in the United States related to the retail
packaging of our cards.
Regulation
Compliance with legal and regulatory requirements is a highly complex and integral part of our
day-to-day operations. Our products and services are generally subject to federal, state and local laws and
regulations, including:
• anti-money laundering laws;
• money transfer and payment instrument licensing regulations;
• escheatment laws;
• privacy and information safeguard laws;
• bank regulations; and
• consumer protection laws.
These laws are often evolving and sometimes ambiguous or inconsistent, and the extent to which they
apply to us or the banks that issue our cards, our retail distributors, our network acceptance members or
our third-party processors is at times unclear. Any failure to comply with applicable law — either by us or by
the card issuing banks, retail distributors, network acceptance members or third- party processors, over
which we have limited legal and practical control — could result in restrictions on our ability to provide our
products and services, as well as the imposition of civil fines and criminal penalties and the suspension or
revocation of a license or registration required to sell our products and services.
We continually monitor and enhance our compliance program to stay current with the most recent
legal and regulatory changes. We also continue to implement policies and programs and to adapt our
business practices and strategies to help us comply with current legal standards, as well as with new and
changing legal requirements affecting particular services or the conduct of our business generally. These
programs include dedicated compliance personnel and training and monitoring programs, as well as
support and guidance to our retail distributors and network acceptance members on compliance
programs.
Anti-Money Laundering Laws
Our products and services are generally subject to federal anti-money laundering laws, including the
Bank Secrecy Act, as amended by the USA PATRIOT Act, and similar state laws. On an ongoing basis,
these laws require us, among other things, to:
• report large cash transactions and suspicious activity;
• screen transactions against the U.S. government’s watch-lists, such as the watch-list maintained by
the Office of Foreign Assets Control;
• prevent the processing of transactions to or from certain countries, individuals, nationals and
entities;
• identify the dollar amounts loaded or transferred at any one time or over specified periods of time,
which requires the aggregation of information over multiple transactions;
• gather and, in certain circumstances, report customer information;
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