AML BSA Compliance
Made Simple.
Annual AML training, BSA risk assessment review, and AML policy documentation — all in one platform. Subscribe online in minutes.
Soflo is the only AML BSA compliance platform that lets regulated businesses subscribe to a complete, audit-ready compliance program without a single sales call.
What Is AML BSA Compliance?
AML BSA compliance refers to a business's obligation to maintain an Anti-Money Laundering (AML) program that satisfies the requirements of the Bank Secrecy Act (BSA). The BSA is the primary U.S. federal law requiring financial institutions to assist government agencies in detecting and preventing money laundering.
A complete AML BSA compliance program includes annual AML employee training, a written BSA risk assessment, AML policies and procedures, customer due diligence (CDD) protocols, and ongoing transaction monitoring. FinCEN — the Financial Crimes Enforcement Network — oversees AML BSA compliance for most regulated businesses.
Businesses that fail to maintain adequate AML BSA compliance programs face civil money penalties, regulatory sanctions, and reputational damage. Soflo's platform makes it easy to meet every AML BSA compliance requirement online, without consultants or sales calls.
Get AML BSA Compliant Today98%
Examiner pass rate
500+
Businesses served
1–3 days
To full compliance
$399/yr
Starting price
The Five Pillars of AML BSA Compliance
FinCEN requires every AML BSA compliance program to address five core pillars. Soflo's platform covers all five — delivered online, audit-ready.
Designated Compliance Officer
Every AML BSA program requires a named compliance officer responsible for day-to-day oversight. We help you document this role properly.
Annual AML Training
The BSA mandates annual AML training for all relevant employees. Our platform delivers on-demand video training with auto-generated certificates.
BSA Risk Assessment
A written BSA risk assessment identifying your business's specific money laundering risks is a core AML BSA compliance requirement.
AML Policies & Procedures
Your AML BSA compliance program must include written policies covering CDD, SAR filing, CTR reporting, and recordkeeping obligations.
Independent Testing
Regulators expect periodic independent testing of your AML BSA program. Our audit-ready documentation supports this requirement.
All Five Pillars. One Platform.
Soflo's AML BSA compliance platform covers every pillar — from annual AML training to BSA risk assessment and AML policy documentation.
Which Businesses Need AML BSA Compliance?
The Bank Secrecy Act applies broadly. If your business handles financial transactions, you likely have AML BSA compliance obligations.
Mortgage Lenders
Non-bank mortgage lenders are required to maintain a full AML BSA compliance program under FinCEN regulations.
Money Services Businesses
Check cashers, money transmitters, and currency dealers face strict AML BSA compliance obligations.
Fintech & Digital Payments
Fintech companies and digital payment platforms must meet AML BSA compliance requirements as financial institutions.
Real Estate Professionals
Real estate agents and brokers face strong FinCEN guidance recommending annual AML training and BSA risk assessments.
Title & Escrow Companies
Title and escrow companies handling real estate transactions need AML BSA compliance programs to satisfy examiner expectations.
Dealers in High-Value Goods
Dealers in precious metals, gems, and luxury goods are subject to AML BSA compliance requirements under the BSA.
Not sure if your business needs AML BSA compliance?
Three AML BSA Compliance Plans.
Subscribe Online Instantly.
No proposals. No custom quotes. No sales calls. Pick your AML BSA compliance plan and start today.
Training Only
Annual AML training & certification
From $399/yr
Annual AML BSA compliance subscription
- Annual AML BSA video training modules
- Auto-generated certificates of completion
- Employee progress tracking dashboard
- Audit-ready compliance reports
- Automated annual renewal reminders
Instant access · no sales call required
Training + Review
Training + BSA risk assessment review
From $798/yr
Annual AML BSA compliance subscription
- Everything in Training Only
- Expert review of your BSA risk assessment
- Gap analysis against current FinCEN standards
- AML policy & procedures review
- Written remediation recommendations report
Instant access · no sales call required
Training + Creation
Full AML BSA program built from scratch
From $1,736/yr
Annual AML BSA compliance subscription
- Everything in Training Only
- New institutional BSA risk assessment
- Custom AML policy manual for your company
- Customer risk rating methodology
- FinCEN regulatory update tracking
Instant access · no sales call required
Need an exact price for your team size? Use our live pricing calculator
AML BSA Compliance in 4 Steps
From zero to fully compliant in days, not months. No consultants. No custom engagements.
Subscribe Online
Choose your AML BSA compliance plan and subscribe in minutes. No sales call required.
Invite Your Team
Add employees to your portal. Each receives a welcome email with login credentials.
Complete AML Training
Employees complete annual AML BSA training at their own pace. Certificates auto-generated.
Stay Compliant
Audit-ready reports, automatic renewal reminders, and ongoing BSA compliance support.
AML BSA Compliance Questions
Common questions about AML BSA compliance requirements, costs, and timelines.
What is AML BSA compliance?
AML BSA compliance refers to a business's obligation to maintain an Anti-Money Laundering (AML) program that satisfies the Bank Secrecy Act (BSA). This includes annual AML employee training, a written BSA risk assessment, AML policies and procedures, and ongoing transaction monitoring.
Who is required to have an AML BSA compliance program?
Under the Bank Secrecy Act, any business classified as a financial institution must maintain a formal AML BSA compliance program. This includes non-bank mortgage lenders, money services businesses, fintech companies, casinos, and dealers in precious metals. Real estate professionals also face strong FinCEN guidance recommending annual AML training.
What are the five pillars of AML BSA compliance?
The five pillars of AML BSA compliance are: (1) a designated compliance officer, (2) written AML policies and procedures, (3) annual AML employee training, (4) independent testing of the AML program, and (5) customer due diligence (CDD) procedures. A complete BSA risk assessment supports all five pillars.
How much does an AML BSA compliance program cost?
Soflo offers three fixed-price annual AML BSA compliance plans starting at $399/year for training only, $798/year for training with BSA risk assessment review, and $1,736/year for a full AML program built from scratch. All plans include audit-ready documentation and annual renewal.
How quickly can I get AML BSA compliant?
Most businesses complete their AML BSA compliance requirements within 1 to 3 business days. After subscribing, access is instant. Annual AML training takes approximately 45 to 90 minutes per employee. BSA risk assessment review is typically completed within 5 to 10 business days.
What happens if my business fails an AML BSA compliance exam?
Failing an AML BSA compliance examination can result in civil money penalties, cease-and-desist orders, and reputational damage. Soflo clients have a 98% examiner pass rate. All plans include exportable audit-ready documentation including completion reports, certificates, and training logs.
Start Your AML BSA Compliance
Program Today
Join hundreds of regulated businesses that use Soflo to meet their annual AML BSA compliance requirements. Subscribe online in minutes. No sales calls. No consultants.