AML RightSource
AML RightSource is a financial services company with a team of 2,837 professionals specializing in BSA/AML compliance, fraud monitoring, and financial crimes. Headquartered in Cleveland, OH, it operates globally with 17 offices and offers AI-powered solutions and managed services.
Industry Specialties
AML RightSource specializes in various aspects of financial compliance, including BSA/AML Compliance, OFAC Compliance, Fraud Monitoring, Enhanced Due Diligence Reviews, and Transaction Monitoring and Reporting. The company focuses on addressing financial crimes and offers advisory services tailored to fraud and financial crime prevention. Its expertise in these areas positions it as a significant player in the financial services industry.
Global Locations
AML RightSource operates in multiple locations worldwide, with headquarters in Cleveland, Ohio, and additional offices in Highland Hills, Ohio; Phoenix, Arizona; New York, New York; Buffalo, New York; and Penang, Malaysia. The company also has facilities in Kolkata, New Delhi, and Noida in India, as well as locations in Frankfurt and Hamburg in Germany, Vancouver and Mississauga in Canada, and London in England. This extensive global presence supports its operations and service delivery.
Technology Integration
AML RightSource incorporates advanced technology into its compliance processes. The company has been recognized in the AIFinTech100 List for its innovative use of AI and machine learning in financial services. It offers AI-powered solutions such as AI Auto Due Diligence and AI Auto Investigator, which enhance compliance workflows. The use of natural language processing further automates and optimizes compliance tasks, contributing to efficient service delivery.
Managed Services and Solutions
The company provides a comprehensive suite of managed services that includes transaction monitoring, compliance and risk management, and enhanced due diligence. It also offers third-party compliance solutions through Blue Umbrella, focusing on due diligence and risk monitoring. Additionally, AML RightSource delivers AML/BSA staff augmentation services that can be provided on-site upon request, catering to the specific needs of clients.
Recognition and Resources
AML RightSource has been named to FinTech Global’s FinCrimeTech50 List, highlighting its integration of technology and compliance. The company offers a range of educational resources, including webinars, podcasts, and materials focused on financial crime compliance. These initiatives reflect its commitment to staying at the forefront of industry developments and supporting clients in navigating complex compliance landscapes.