Integration Expands BSA/AML/OFAC Compliance Services
for Fintech, Cryptocurrency, MSBs, Banking Firms
Bates Group, a leading financial services consulting firm, is excited to announce the acquisition of CorCom, a top AML compliance (anti-money laundering) consulting firm based in Spartanburg, SC.
“CorCom 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”
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). CorCom 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.
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CorCom Founder and CEO Brandi B. Reynolds, CAMS-Audit, CCI, CCCE, has joined Bates as Managing Director of Bates Group’s AML Compliance Practice, staffed by CorCom’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.
“CorCom 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.
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“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.
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