Non-Bank Financial Institutions (NBFIs)

AML/CFT regulations are designed to prevent the use of financial institutions for illicit activities, such as money laundering and terrorist financing. Non-bank financial institutions (NBFIs), such as money services businesses, securities dealers, and virtual currency providers, provide financial services but are not banks. These entities are also subject to AML/CFT and Sanctions regulations, but they often face unique challenges compared to traditional banks. These challenges include limited resources, lack of standardized regulations, increased risk of fraud, lack of clarity around beneficial ownership, and complex transactions.

We have extensive experience with non-bank financial institutions. We know that each provider has unique needs regarding AML and Sanctions compliance, and our mission is to ensure our clients are compliant with the most current regulatory requirements.

Contact us now to discuss your specific compliance priorities. We are here to assist you whether you need to start, assess, or refine your compliance program.

Scroll to Top