AML COMPLIANCE CORPORATION was founded in 2004 with headquarters in Miami Florida specialized in the complying with the Prevention of Anti Money Laundering and Bank Secrecy Act -BSA laws, also Certified Anti Money Specialist CAMS. Furthermore, the company carried a Professional Liability Insurance, E & O for $ 1,000, 000.00 .
AML COMPLIANCE CORPORATION is a consulting firm for financial services industry and enable financial institutions to cut cost, respond rapidly to market needs, enhance customer service levels, and mitigate risk, through its suite of proven products and services
Our mission is to provide high quality, fast, reliable, and specialized services to Money Service Businesses (MSBs) in complying with all Bank Secrecy Act/Anti Money Laundering (BSA/AML) State and Federal regulations so you can focus on business growth. Furthermore, we strive to individualize each compliance program based on the services offered for each customer.
Satisfied customers include Check Cashers, Money Transmitters, Foreign Exchanges Houses, Agents or branch office of MSBs, Overseas brokers dealers (OBDs) and due diligences of correspondents or payees in foreign countries.
Because most of our member are (CAMS) Certified Anti Money Laundering Specialist expert in the MSB Industry and with a accumulative combined experience of more than 20 years with Money Transmitter, Foreign Currency Exchange, “Casa de cambio”, Check Casher, Correspondents / Payeers, and Banks, we can offer a wide variety of training programs, from the basic BSA concepts, all the way to hands-on enhanced due diligences, operation or developing of software for compliance matters and dealing with regulations and regulators.
We are expert in the MSB Industry and have extensive experience in:
OFAC CUBA SANCTIONS PROGRAM
DEVELOPING EFFECTIVE COMPLIANCE PROGRAMS
CONDUCTING INDEPENDENT REVIEWS
ADDRESSING FINANCIAL REPORTING AND OTHER OPERATING REQUIREMENTS
CONDUCTING DUE DILIGENCE FOR AGENCY AND FOREIGN COUNTERPARTY RELATIONSHIPS
CONSULTING FOR THE DEVELOPING OF SOFTWARE – COMPLIANCE MATTERS
DEALING WITH REGULATIONS AND REGULATORS
TRAINING (ENGLISH OR IN SPANISH)
ASSISTING IN ALL REGULATORY COMPLIANCE NEEDS
AML COMPLIANCE CORPORATION‘s services serve to keep financial institutions of all sizes on the forefront of compliance requirements. Knowledge-based services empower the executives and managers of a company to manage risk exposure, monitor business activities, maximize business profits, optimize workflow, and analyze business problems. Since each client is monitored from hundreds of dimensions, AML COMPLIANCE CORPORATION detects suspicious activities with a much higher resolutions and more accurate result than traditional methods.
About Our Associates
Jose “Tony” Varona, with almost 35 years of business experience in Latin America, Varona leads AML ComplianceCorporation’s growth and development as its co-founder and President.
Prior to starting AML Compliance, Varona’s accomplishments include his work as Exporter introducing products trough Central and South America where opened international commercial ventures between the two regions. In 2004, Varona decided to apply his several decades of business expertise to enter the field of Anti Money Laundering, well known from the Export business, where there was a need for transactions to improve efficiencies with the highest level of compliance and transparency in the industry.
With the experience gained in the Export regarding the Anti Money Laundering and their stages, decide to pursue this field becoming a Certified Anti Money Laundering Specialist (CAMS) and member of the Association of Anti Money Laundering Specialist (ACAMS) to develop services within the Financial Institutions and related fields, such as Money Transmitters and Check Cashers. These services included implementation of Compliance Policies in the AML field for customer, training course for employees and operators, developed of BSA Compliance Manual as well as consulting for the MSB Industry. Becoming a problem solving.
Also, as General Director in charge of acquisitions of new accounts, maintained and reactivated existing accounts, Varona Developed ongoing customer relations enhancing future services ensuring proper and timely filling of reports and requirements supporting the customer to compliance in this way with Federal Regulation including BSA / AML / CIP / KYC / CTR / SAR / OFAC and State Regulations among others.
Besides the extensive success in his business endeavors, Varona has also demonstrated his responsibility and strong commitment to social responsibility due to his concern in serving the small and medium sizes companies for whom does not exist affordable services in the Anti Money Laundering field.
Jenny E. Varona‘s Leads AML Compliance Corporation growth and development as its co-founder and Vice – President. Ms. Varona experience in the private sector has been varied. Her first years since 1996 were as administrator and supervisor at Private Companies. For the last five years Ms. Varona was the Anti Money Laundering Compliance Supervisor for MSB including a money services business (Money Transmitter) based in Miami, Florida with more than 150 agencies. Also, Ms. Varona provided: training, analysis of accounts, and review of medium size Check cashers. Developing services within the Financial Institutions and related fields, such as Money Transmitters and Check Cashers and with the experience and knowledge gained in the Anti Money Laundering field and their stages, Ms. Varona decides to pursue this field becoming a Certified Anti Money Laundering Specialist (CAMS) since 2004 and member of the Association of Anti Money Laundering Specialist (ACAMS) where remains active until today.
Since 2002, Ms.Varona had accumulated extensive experience and knowledge in the Customer Service related to the Anti Money Laundering Compliance area, became a problem solving. Also, as BSA/AML Compliance Supervisor of Money Transmitters and check casher she developed customized Policies enhancing the AML services ensuring proper and timely filling of reports and requirements. Ms. Varona have a vast experience perform compliance investigative assignments related to regulatory initiatives pursuant to the Bank Secrecy Act (BSA), USA Patriot Act, Office of Foreign Assets Control (OFAC), Money Laundering, Suspicious Activity Report (SAR) and High Risk Activities, including the preparation of documents necessary to comply with state and federal regulatory requirements for money transmitters and MSBs including quarterly reports and request and updated of licensees. Also, perform training to employees and agencies related to BSA / AML / CIP / KYC / CTR / SAR / OFAC / OFR-State Regulations, implementation of Compliance Policies in the AML field for customer, training course for employees, operators and agencies, developed of BSA Compliance, BSA risk management, as well as AML complianceManual for check casher and money transmitter among other matters. Ms. Varona had dedicated, focused and strong attention to detail, strong organizational skills, initiative and ability to prioritize tasks required, self-starter and ability to multi-task , due to her investigative nature, strong communication skills and one of the most important a team player that included a plus as a result of her experience with MSB, Money Transmitters and Check cashers. Besides the extensive success, Ms. Varona has also demonstrated his responsibility and strong commitment to social responsibility due to her concern in serving the small and median companies for whom there are not companies with her experience given affordable services in the Anti Money Laundering field.