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Bates Group Acquires CorCom to Boost Anti-Money Laundering Compliance Services
Wednesday 13 October 2021

Oregon, US-based financial services consultancy Bates Group has acquired South Carolina-based anti-money laundering (AML) compliance consulting firm CorCom to expand BSA/AML/OFAC compliance services, the company said.

Terms of the transaction were not disclosed.

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.
Date Published: 13/10/2021