Bates Group is excited to announce the acquisition of CorCom, a top AML compliance (anti-money laundering) consulting firm based in Spartanburg, SC.
With the acquisition, Bates expands its AML and financial crimes consulting offerings to established and start-up companies in the areas of banking, fintech (financial technology), cryptocurrency firms, and traditional MSBs (Money Services Businesses). Bates Group provides a full suite of BSA/AML/OFAC compliance (Bank Secrecy Act/Anti-Money Laundering/Office of Financial Assets Control) consulting services, plus services in consumer protection, state licensing, and training.
CorCom Founder and CEO Brandi B. Reynolds, CAMS-Audit, CCI, CCCE (pictured at L), has joined Bates as Managing Director of Bates Group’s AML Compliance Practice, staffed by Bates Group’s entire team of certified AML and compliance professionals, as well as its affiliate consultants. The new practice will continue to serve CorCom’s existing client base and expand the range of services to Bates Group clients throughout the U.S.
“Bates Group is well established in the money services industry. This acquisition expands Bates’ offerings to the fast-growing fintech and cryptocurrency space for our current clients as well as those seeking to develop services in this space,” said Benjamin Pappas, Bates Group President.
“With the addition of CorCom, Bates Group is creating a unique and integrated resource of services, experts, and experience — ready to help financial service firms succeed in these high-growth industries,” stated Ms. Reynolds.
Bates Group has been a trusted partner to our financial services clients and their counsel for over 40 years, delivering superior quality and results on a cost-effective basis. Voted a 2021 Top Employer, as well as a Best Securities Litigation Consulting Firm by readers of the New York Law Journal and an NYLJ Hall of Fame service provider, Bates Group provides solutions for your legal, regulatory, AML, and compliance matters. With a full professional staff and a roster of over 165 financial industry and regulatory compliance experts, Bates offers services in litigation consultation and testimony, regulatory enforcement and internal investigations, project-based and on-going compliance support, AML compliance, and financial crimes prevention, forensic accounting, damages, and big data consulting.
Bates Group’s experienced Subject Matter Experts (SME) possess a wide range of industry knowledge relating to banking and non-banking financial institutions. Bates Group offers Consulting Services that include BSA/AML/OFAC Program Development, Risk Management, Training, Advisory Services, Independent Reviews, Policy & Procedure Development, Consumer Protection Compliance, and Money Transmitter License Acquisition & License Maintenance. Bates Group provides practical guidance to company’s seeking assistance with all things related to the Bank Secrecy Act (BSA), Anti-Money Laundering (AML), the Office of Financial Assets Control (OFAC), identifying risk, detecting suspicious or unusual activity, and preventing exposure associated with money laundering and terrorist financing.
We serve many industries, including banking financial institutions, fintechs, crypto, and traditional MSBs.
Our team of consultants hold a variety of certifications that include: CAMS, CAMS-Audit, CRCM, and CRFM certifications. Our team also includes former regulators. Assigned to each engagement is a certified AML industry specialist who works with each client and serves as an advisor.
We take the time to understand the subtleties and nuances of your underlying business model and combine our knowledge of the AML environment and regulatory expectations to assist in achieving a higher level of AML compliance.
ACCCE helps provide access to knowledge, resources, and training to support the better understanding of the complexities and risks of the commercial cannabis industry. Bates Group is a member of the Association of Certified Commercial Cannabis Experts.
Building on current CAMS expertise, CAMS-Audit is advanced training intended to equip mid-level and senior management professionals with knowledge that reinforces internal controls and enhances your ability to meet regulatory expectations.
The Certified Anti-Money Laundering Specialist (CAMS) credential is the gold standard in AML certifications and recognized internationally by financial institutions, governments, and regulators as a serious commitment to protecting the financial system against money laundering.
The Chamber of Digital Commerce is the world’s leading trade association representing the blockchain & digital asset industry. Their goal is to promote the use & acceptance of digital assets and blockchain-based technologies.
South Carolina Emerging Tech (SCETA) advances innovation by creating an economic development initiative throughout the state that advocates, educates, and attracts emerging technology growth.
The Money Services Business Association, or MSBA, is a trade association focused on the non-bank money services industry. The Association was started to establish an industry-led organization that supports the non-bank financial services industry and encourages the continued innovation and development in the payments industry while promoting the education and communication with Federal and State Regulators.
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