A History of
Evolution

Founded in 2004, AML RightSource began by helping U.S. banks and credit unions meet their anti-money laundering compliance obligations with skilled analysts and investigators. As financial crime prevention grew more complex, we expanded our services to support Know Your Customer (KYC) and Enhanced Due Diligence (EDD) needs, managing ongoing compliance efforts for our clients. In 2016, we introduced advisory services, opened new offices in the U.S. and Canada, and focused on continuous education for our team. By 2021, we integrated cutting-edge technology with our expertise, providing end-to-end solutions and expanding into third-party compliance risk management.

Explore the timeline below to see key milestones in our journey and how we've evolved to meet the changing needs of financial crime prevention.

History Timeline


Founded in 2004, AML RightSource began by helping U.S. banks and credit unions meet their anti-money laundering compliance obligations with skilled analysts and investigators. As financial crime prevention grew more complex, we expanded our services to support Know Your Customer (KYC) and Enhanced Due Diligence (EDD) needs, managing ongoing compliance efforts for our clients. In 2016, we introduced advisory services, opened new offices in the U.S. and Canada, and focused on continuous education for our team. By 2021, we integrated cutting-edge technology with our expertise, providing end-to-end solutions and expanding into third-party compliance risk management.

Explore the timeline below to see key milestones in our journey and how we've evolved to meet the changing needs of financial crime prevention.

2005-2015:

Responding to evolving client needs, we broadened our scope of support offerings to include Know Your Customer (KYC) and Enhanced Due Diligence (EDD) support. Our approach evolved with a growing mix of special projects and ongoing financial crime prevention efforts for our clients, establishing ourselves as a trusted partner and a seamless extension to their operations teams.

2016:

As we grew in service scope and size, we aimed to share our expertise in ways that added more value to our clients in an increasingly complex regulatory environment. Alongside the expansion of our analyst and investigator teams and opening additional offices in the U.S. and Canada, we also scaled our internal training and education practices to further extend the value our highly trained teams could bring to our clients. Our final piece in 2016 was the launch of our Financial Crime Advisory (FCA) practice. We sought to bridge our service delivery and insights to steer client's compliance programs proactively, introducing advisory services like risk assessment, model tuning and optimization, sanctions support, and more.

2017-2020:

In response to the rise of new financial service providers, we expanded our support and embraced financial technology as a strategic growth area. This period marked the start of our journey into integrating advanced technology support for our financial crime prevention and third-party risk offerings.

2021:

We prioritized technology integration, collaborating with innovative partners to enhance third-party compliance risk management. We continued our global expansion, adding new managed service centers in Bulgaria and Poland, the UK, and Asia while growing our tech teams in the UK and U.S.

Today, we continue our commitment to expanding our operations globally, leveraging best practices, and partnering with clients to elevate their financial crime prevention work across every facet of their programs. With a sevenfold increase in our team size in the past five years, we are well-equipped to respond swiftly to our clients' needs, no matter where they are.