Fractional BSA Officer & U.S. AML Compliance Services
What Are Fractional BSA Officer Services?
A Fractional BSA Officer (also referred to as an outsourced AML Officer) is a dedicated compliance professional who oversees the development and implementation of your Bank Secrecy Act (BSA) and AML/CFT compliance program. Fractional BSA Officers ensure your business meets FinCEN requirements, state money transmitter regulations, and FATF standards — protecting your company from financial crime, regulatory penalties, and reputational damage.
The Role of an Outsourced BSA Officer
An outsourced BSA Officer establishes and manages AML frameworks aligned with U.S. regulatory standards including the Bank Secrecy Act (BSA), FinCEN regulations, FATF recommendations, and applicable state laws. Core responsibilities include compliance program development, KYC/KYB oversight, regulatory filings (SARs, CTRs), risk assessments, staff training, and enhanced due diligence for high-risk clients.
AMLI's Comprehensive Outsourced BSA Officer Services
AMLI provides dedicated BSA Officer and AML Officer services, covering regulatory reporting, compliance oversight, and risk reduction. Our compliance professionals help U.S. money transmitters, MSBs, and fintech companies meet their obligations under FinCEN, FATF, OFAC, and other applicable frameworks.
How BSA Compliance Services Scale With Your Business
Our BSA Officer Service Packages
The Benefits of Outsourcing Your BSA Officer
Outsourcing your BSA Officer eliminates the need for a costly full-time hire, providing specialized expertise, timely regulatory filings (SARs, CTRs), enhanced risk management, and compliance with FinCEN, FATF, OFAC, and applicable state money transmitter frameworks.
Training for Executive Teams and Client-Facing Staff
Executive Compliance Leadership Training: Provide specialized training sessions for the executive team, focusing on BSA governance, risk management, and strategic AML compliance leadership. This equips senior leaders to make informed decisions about compliance risks and program investment. Frontline BSA Compliance Training: Offer targeted training for client-facing staff, emphasizing practical BSA/AML responsibilities such as identifying and reporting suspicious activities, conducting customer due diligence, and communicating compliance policies. This ensures those on the frontline are prepared to uphold compliance standards in daily interactions.
Vendor Selection
Comprehensive Vendor Assessment and Selection: Assist in evaluating and selecting vendors critical to your BSA compliance infrastructure, from KYC/AML data providers to compliance management software. This process includes assessing vendors for regulatory compliance, integration capabilities, and overall value for your specific operational environment.
Design and Implementation of the Transaction Monitoring System
Tailored Transaction Monitoring System Setup: Develop and implement a transaction monitoring system customized to your specific BSA risk exposure and business model. This involves configuring the system to efficiently detect and alert on suspicious transactions in line with FinCEN expectations and SAR filing obligations.
Testing
System and Process Testing: Conduct thorough testing of the transaction monitoring system and other BSA compliance processes to ensure they are effective and fit for purpose. This includes scenario testing, system accuracy checks, and performance evaluations. Ongoing Evaluation and Adjustment: Establish a framework for regular testing and review of the transaction monitoring system and compliance procedures to ensure they remain effective over time, incorporating updates based on new FinCEN guidance or changes in your business model.
