Security

AML RightSource updates brand

January 12, 2023

AML RightSource, a provider of anti-money laundering, know-your-customer and Bank Secrecy Act solutions, has unveiled its updated brand. The brand represents Passcon, QuantaVerse and Archanys, which AML acquired in 2021, according to a press release.

AML's solutions can work together or replace existing processes and systems for banks to fight financial crime.

"There is a rapidly increasing number of openings for skilled financial crime investigators that compliance professionals are struggling to fill," Jeff Hehr, CCO, AML, said in the release. "Fortunately, AML RightSource has over 4,000 people in 17 offices across the globe to help customers face these hiring challenges. In addition, we have introduced technology that helps modernize and streamline financial crime compliance processes, resulting in greater accuracy and efficiency. Some clients have achieved an incredible 73% reduction in errors and 40% savings in time thanks to AML RightSource. With this rebrand, we are hopeful we will be able to share that message more broadly."