AML & Financial Crime

Anti-Money Laundering, Financial Crime Compliance, Investigations & Enforcement

Friling Law advises U.S. and international businesses, financial institutions, fintech companies, payment providers, money services businesses, digital asset companies, investors, and individuals on U.S. anti-money laundering and financial crime laws.

Our practice combines AML/BSA compliance, FinCEN regulatory matters, KYC and beneficial ownership due diligence, financial investigations, cross-border payments, banking compliance, and OFAC sanctions. We assist clients in developing preventive compliance frameworks, responding to financial institutions and regulators, investigating potentially problematic transactions, remediating compliance deficiencies, and defending against regulatory and enforcement actions.

For international clients, we place particular emphasis on matters involving cross-border financial flows, U.S. dollar transactions, correspondent banking, high-risk jurisdictions, complex ownership structures, and the intersection between AML and U.S. economic sanctions.

AML & BSA Compliance

Compliance Programs, Risk Management & Regulatory Counsel

Friling Law advises businesses subject to the Bank Secrecy Act (BSA) and related anti-money laundering requirements on designing, implementing, reviewing, and strengthening risk-based AML compliance programs.

We assist clients with AML policies and procedures, internal controls, governance, customer identification, customer due diligence, transaction monitoring, suspicious activity reporting, recordkeeping, employee training, independent testing, and regulatory remediation.

Our representation may include:

• AML/BSA compliance program development and review
• Enterprise-wide AML risk assessments
• AML policies, procedures, and internal controls
• Customer Identification Program (CIP) requirements
• Customer Due Diligence (CDD) and Enhanced Due Diligence (EDD)
• Transaction monitoring and suspicious activity escalation
• SAR and CTR compliance
• AML training and governance
• Independent testing and compliance reviews
• Identification and remediation of AML program deficiencies

We also advise businesses entering regulated financial activities on whether their proposed operations may trigger BSA, FinCEN, licensing, registration, or related compliance obligations.