Banking Cryptocurrency Fintech News

Bates Group Acquires CorCom LLC

Bates Group Acquires CorCom LLC

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.

Read More: Bank of Sun Prairie Partners with 360 View to Empower Their Customer Relationship-Focused Culture

FTS_banner

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.

Read More: Piper Sandler Expands Credit Union Coverage with Addition of Jon Searles

“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.

Read More: Abra Launches Token-Based Rewards Program for Customers Powered by Crypto Perx (CPRX)

[To share your insights with us, please write to sghosh@martechseries.com ]

Related posts

Next-generation Cryptocurrency Bitcoin Latinum (LTNM) to List on FMFW.io Exchange (formerly Bitcoin.com Exchange)

Fintech News Desk

ChoiceOne Bank Advances in Industry-Leading Technology

Fintech News Desk

Boast.ai Raises $23M Series A to Revolutionize R&D Tax Credits with AI-Powered Approach

Fintech News Desk