AML compliance that survives an examination — not just a filing
Money laundering is the process of disguising the origins of illicit funds; anti-money laundering (AML) is the framework of laws, controls, and monitoring that regulated businesses must operate to detect and prevent it. For payments companies, MSBs, EMIs, and platforms, AML is not optional paperwork — it's a condition of holding your license, your banking relationships, and your card-scheme membership. Regulators on both sides of the Atlantic have sharpened enforcement, and the penalties for weak programs now reach into the tens of millions.
AcceptLocal builds and operates AML/CTF compliance from the practitioner's side. Our consultants are Certified Anti-Money Laundering Specialists who have owned compliance programs inside licensed MSBs and regulated payment platforms — not just audited them from outside.
AcceptLocal builds and operates AML/CTF compliance from the practitioner's side. Our consultants are Certified Anti-Money Laundering Specialists who have owned compliance programs inside licensed MSBs and regulated payment platforms — not just audited them from outside.
What we help with:
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AML/CTF program design.
Risk-based compliance programs built for your actual business model — customer risk scoring, KYC/KYB onboarding, sanctions and PEP screening, transaction monitoring, and STR/SAR reporting procedures — aligned to FINTRAC, FinCEN, and European requirements. AI-driven transaction monitoring. We design and tune AI/LLM-assisted monitoring that finds genuinely suspicious activity without drowning your team in false positives — grounded in hands-on experience building transaction-monitoring models for digital-asset payment pathways. See our AI Governance practice for how we keep such systems explainable and auditable. |
Compliance-effectiveness reviews. FINTRAC requires MSBs to test their programs' effectiveness every two years; banking partners and auditors increasingly expect the same rigor across the board. We conduct independent reviews that find the gaps before an examiner does. Outsourced compliance officer (CAMLO / MLRO). Need a qualified, registered compliance officer? We can serve as your CAMLO with FINTRAC in Canada or MLRO for European entities — full details on our Licensing & Registrations page. Outsourced compliance officer (CAMLO / MLRO). Need a qualified, registered compliance officer? We can serve as your CAMLO with FINTRAC in Canada or MLRO for European entities — full details on our Licensing & Registrations page. |
Q: What is the difference between money laundering and AML?
Money laundering is the concealment of the origins of illicit funds. AML (anti-money laundering) is the framework of laws, controls, and monitoring that businesses operate to detect and prevent it — including KYC, sanctions screening, transaction monitoring, and suspicious-transaction reporting.
Q: How often must a FINTRAC-registered MSB review its compliance program?
FINTRAC requires a compliance-effectiveness review at least every two years, covering policies and procedures, the risk assessment, and the training program. AcceptLocal conducts these reviews independently.
Q: Can AcceptLocal act as our compliance officer?
Yes — outsourced CAMLO (Canada/FINTRAC) and MLRO (Europe) services from a CAMS-certified specialist, on an ongoing or interim basis. See the Licensing & Registrations page.