AML Training Built for
Fintech & Payment Platforms
BSA/AML compliance training designed for the unique risks of digital payments, money transmission, and fintech operations.
The AML Risks Unique to Fintech
Digital payment platforms face a different threat landscape than traditional banks. Your training should reflect that.
Rapid Transaction Velocity
High-frequency, low-value transactions designed to avoid detection thresholds - a hallmark of fintech money laundering.
Synthetic Identity Fraud
Fabricated identities combining real and fake data to open accounts and move illicit funds undetected.
Cross-Border Payment Risk
International transfers through high-risk jurisdictions with weak AML controls or sanctions exposure.
Mobile Wallet Layering
Funds cycled through multiple digital wallets to obscure origin - increasingly common in payment platforms.
What Fintech Companies Must Comply With
BSA / FinCEN MSB Registration
Most fintech and payment companies qualify as Money Services Businesses and must register with FinCEN.
Written AML Program Requirement
A documented AML program with internal controls, a designated compliance officer, independent review, and ongoing training is mandatory for MSBs.
SAR & CTR Filing
Suspicious activity reports and currency transaction reports must be filed with FinCEN on schedule.
OFAC Sanctions Screening
OFAC rules prohibit dealing with blocked persons, so screening customers and transactions against OFAC lists before processing is the standard control.
Choose Your Training Plan
All plans include instant access, NAMLC-verified certificates, and annual renewal tracking.
Training Only
Annual AML/BSA training and certification. Certificates verified through NAMLC.com.
Select PlanTraining + Policy Review
Training plus expert review of your existing AML documents.
Select PlanFull Program Creation
Complete build-out of your BSA/AML program from scratch.
Select PlanFintech AML Training - FAQ
If your company is a money transmitter, it is an MSB under the BSA and must maintain a written AML program, including ongoing employee training, which many companies deliver annually. Status depends on the facts. FinCEN excludes certain payment processors and businesses that move funds only as an integral part of selling a good or service.
Fintech-specific training covers digital payment risks, synthetic identity fraud, mobile wallet layering, and API-based transaction monitoring - scenarios that don't appear in traditional bank compliance content.
If you transmit money, issue or redeem money orders, exchange currency, or operate a prepaid access program, you are likely an MSB. Our team can help you confirm your classification.
Yes. Our Training + Policy Review plan includes expert review of your existing AML/BSA documents and a written gap analysis report.
Recommended Training for Your Team
AML training addresses financial crime compliance, but employees are also frequently targeted through phishing, executive impersonation, wire fraud, credential theft, and AI-generated scams. These practical courses, delivered through Simple Training Center, round out your annual employee compliance training.
Explore Additional TrainingDelivered through SimpleTrainingCenter.com, Soflo Consulting's online training platform.
Executive Wire Fraud Prevention
Help employees identify executive impersonation, fraudulent wire requests, vendor payment changes, business email compromise, and verification failures.
Cybersecurity Awareness
Practical annual cybersecurity awareness training for employees handling company systems, customer data, financial information, and business communications.
Phishing & Social Engineering
Teach employees how to recognize phishing, impersonation, credential theft, social engineering, and suspicious requests.
Deepfake Defense
Train employees and executives to recognize AI-generated voice, video, and identity impersonation used in financial fraud.
Data Privacy & Information Handling
Train employees to properly handle customer information, confidential records, personal data, file sharing, retention, and accidental disclosures.
Get Your Fintech Team BSA-Compliant
Industry-specific training. Instant access. Verifiable certificates. No mandatory sales call.