BUFFALO, N.Y. (WKBW) — A new company is opening in Buffalo and bringing up to 100 new jobs to the region.
AML Rightsource is a leading anti-money laundering company currently based out of Cleveland and Phoenix.
Company leaders say they decided to expand to Buffalo due to the city's proximity to the company's operations in Northeast Ohio and the large pool of qualified and talented job candidates.
Local leaders cut the ribbon on the company's 11,000 square foot office in the Larkin Center of Commerce Friday afternoon. AML Rightsource will be looking to hire service employees, managers and analysts to support the addition of new clients.
In the aftermath of the September 11 terrorist attacks, the federal government began mandating compliance with regulations related to the identification and reporting of suspicious financial activity, specifically criminal and terrorist-related, conducted through regulated financial institutions.
AML RightSource began in 2004 to help financial institutions meet these significant regulatory compliance challenges by providing highly-trained anti-money laundering/Bank Secrecy Act professionals to assist banks and non-bank financial institutions to meet day-to-day compliance tasks. Services include transaction monitoring, alert backlog management, enhanced due diligence reviews, and financial crimes advisory matters. Its highly trained workforce of nearly 600 analysts and subject matter experts includes the industry's largest team of full-time professionals.
You can find more about the company and open job positions here .