Guide

AML and KYC essentials for a new money services business

If you are standing up a money services business or a fintech that touches payments, an anti-money-laundering program is not a later problem. Regulators expect the core of it to exist from the moment you go live, and building it after the fact is far harder than building it in.

The pillars regulators look for

A written program with a designated compliance officer, a customer identification and due-diligence process, ongoing transaction monitoring with a way to escalate the unusual, sanctions screening, suspicious-activity reporting, and a schedule for independent testing. Each pillar needs a procedure and, just as importantly, a record that shows it is actually running.

Where new programs slip

The common gap is not the policy, it is the evidence. Teams write the manual and then cannot show the monitoring happened, the reviews were done, or the escalations were handled. A program you cannot evidence is a program an examiner will treat as absent.

A mapped starting point you own

The Protocol Collective publishes AML/KYC and compliance dashboards that lay out these pillars and their evidence in one owned file, paid once, updated for life. Built from public frameworks; the judgement is yours.

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General information about compliance and program structure, not regulatory, legal, tax or financial advice, and no promise of any examination or audit outcome. Built from public frameworks.