Bates Group

Bates Group is a financial crime consultancy covering BSA/AML/OFAC compliance and licensing for banks, fintechs, money services businesses and digital asset firms. The legal entity is Bates Group, LLC, based in Portland, Oregon.

Services

Six services are listed: BSA/AML/OFAC compliance, independent AML reviews, design of KYC and sanctions controls, transaction monitoring optimisation, outsourced or interim compliance leadership, and licensing support. The interim leadership line is notable for companies that lose a compliance head or need cover during a build-out, while independent reviews give a third-party view of existing controls.

Market and location

The United States is the market named. The address is 2 Lincoln Center, 10220 SW Greenburg Road, Suite 200, Portland, OR 97223.

Who it suits

The firm is relevant to US banks and non-bank financial companies, including money transmitters and crypto businesses, that must show regulators a working BSA/AML programme. Engagement rates, team composition and the state licences covered by licensing support are not stated and should be discussed with the firm.