In the News

Home > BSA/AML/OFAC Compliance Programs



Jul 22nd, 2022

Bates Group LLC Expands its National MSB, FinTech, and Cryptocurrency Practice

Bates Group is expanding its national MSB, FinTech, and Cryptocurrency Practice with the addition of three leading Money Services Business industry professionals — including AML…

Jul 2nd, 2022

What Are Your State’s Money Transmitter Licensing Requirements? 

Money transmitter businesses are required under law to carry money transmitter licenses—acquiring these licenses involves a detailed application process, complete with providing supporting documentation. To…

Apr 24th, 2022

OCC Finds Anchorage Digital Failed to Maintain Proper AML Rules

From The Office of the Comptroller of the Currency (OCC), a federal banking regulator, and Anchorage Digital, a trust company operating with an OCC…

Apr 12th, 2022

What Are the Penalties for BSA Noncompliance? 

The Bank Secrecy Act (BSA) establishes program, recording, and reporting requirements for banks and money-handling institutions. Developed to mitigate money laundering and terrorist financing, BSA…

Mar 29th, 2022

Common Types of AML Breaches 

For money-service businesses throughout the country, maintaining AML compliance is a critical part of business operations and meeting federal regulations. At Bates Group, we know…

Jan 29th, 2022

The Five Most Important Elements of an Effective Compliance Program 

Financial businesses are required to adhere to the Bank Secrecy Act and anti-money laundering compliance standards. At Bates Group, our anti-money laundering (AML) compliance specialists…

contact us

Please fill out all fields marked with* and submit the following form to
request your consultation.

Contact Us Today

Please fill out all fields marked with * and submit the following form to request your consultation.

  • This field is for validation purposes and should be left unchanged.

Call Now Button