AML Compliance Corporation

AML Compliance Corporation is a US BSA/AML consultancy serving money transmitters, currency exchange operations and other financial institutions. Its office is in Doral, Florida.

Services The listed services are BSA/AML consulting, AML training and risk assessment. The Bank Secrecy Act sets the US framework for money-services businesses, which must run a written AML programme, assess their own risk and train staff. A risk assessment usually forms the base on which policies and monitoring rules are then built.

Market The jurisdiction is the United States. Money transmitters and exchangers also face state licensing and FinCEN registration, and the firm's focus on these segments suggests familiarity with their particular exposures such as cash handling and cross-border transfers.

Before engaging Fees, the states covered and whether independent testing is offered are not listed. Ask whether the consultant prepares the programme, performs the independent review or both, since many regulators expect those functions to be separated.