Outsourced AML Compliance. Built for Small Businesses.
Hiring a full-time compliance officer is out of reach for most small businesses. Soflo gives you the training, documentation, and professional support to help you build and maintain a defensible AML/BSA program, without the salary. Choose the plan that fits your industry, team size, and compliance needs.
$150K+
Cost of in-house compliance officer/yr
From $75
Per-employee training rate
Starting at $1,800
Training + Review plan
$6,500
Banking Partner Readiness add-on
Download: The Complete Guide to Outsourced AML Compliance
Get the same framework we use to build examiner-ready AML programs for small businesses. This 28-page guide covers the 8 components every outsourced program must include, a side-by-side cost comparison of in-house vs. outsourced, and a readiness checklist to evaluate your current compliance gap.
Building an In-House AML Program Is Expensive, Slow, and Nearly Impossible to Hire For
Most small business owners approach AML compliance the wrong way: they assume they need to hire a compliance officer, write a policy from scratch, build a training program, and manage an AML program review & gap analysis. The reality is that qualified BSA compliance officers command $75,000–$150,000/year, and a single bad hire can put your business at more risk than no hire at all.
The average time to hire a qualified AML compliance officer for a small business is 4–6 months. During that gap, your business operates without a compliant program. When your sponsor bank or state regulator examines your records, the absence of a program can trigger immediate penalties, license suspension, or banking termination.
Compliance officer salaries are prohibitive
A full-time BSA compliance officer costs $75,000–$150,000/year plus benefits, PTO, software, and continuing education. For a business with 5–20 employees, that is an impossible overhead.
Hiring the wrong person is worse than hiring no one
An underqualified compliance officer who produces a generic, inadequate policy actually increases your exposure. You still pay their salary, but FinCEN will cite your program as deficient.
Fractional consultants charge $5K–$12K/month
A fractional AML consultant sounds like a middle ground, but their monthly retainer often exceeds $60,000/year. They write the policy and leave. You still have to manage training, review, and updates.
Founder time is your most expensive resource
When the founder or CEO becomes the ad-hoc compliance officer, they are not building the business. They are writing SAR procedures, tracking employee training, and reading FinCEN guidance instead of serving customers.
Generic templates fail under examination
Free or cheap AML templates downloaded online are designed for general audiences. They do not address your specific business risks, transaction types, or regulatory framework. Examiners spot these immediately.
The True Cost of DIY Compliance
What Examiners Actually Ask For
Written AML policy manual specific to your business type
BSA risk assessment with documented risk ratings
Designated BSA/AML compliance officer (named)
Annual AML training for all employees + certificates
SAR and CTR filing procedures + sample filings
Customer identification and due diligence procedures
Annual program document review (not independent testing)
OFAC screening and sanctions compliance procedures
Record retention policy (5+ year retention)
Why Smart Businesses Outsource AML Compliance
Outsourcing your AML program is not a shortcut, it is a strategic advantage. Here is why a growing number of small businesses have made the switch.
Cut Compliance Overhead
Soflo plans cost a fraction of a full-time compliance officer. Reallocate that capital to growth, marketing, or operations.
Weeks, Not Months of Hiring
No job postings, no interviews, no onboarding a new hire. Start training and get documentation support without a months-long search.
Organized for Examiner Review
Documents are structured to help you meet FinCEN, state-regulator, and bank examination expectations. Formatted for review, not thrown together.
Access to AML Specialists, Not Generalists
Our team works in AML compliance every day. You get BSA/FinCEN expertise without paying for a single full-time salary.
Training, Review, or Creation
Pick the plan that matches your gap, training and certificates, a professional review of what you have, or development of new documentation.
Annual Updates Available
FinCEN rules change. Review and Creation plans include ongoing updates and renewal reminders so your program stays current.
No Mandatory Sales Call or Proposals
Transparent pricing calculated from your industry and team size. Subscribe online. Start right away.
Scales As You Grow
Add employees, new products, or new states without rebuilding your program from scratch.
Program Review or Development
Review and Creation plans include a professional, documentary review or development of your AML program to address gaps and remediation priorities. Independent testing, when required, is engaged separately through a qualified third party.
The Components Soflo Can Deliver
Depending on the plan you choose, Soflo can develop or review the components below. Not every component applies to every industry, and independent testing is not provided by Soflo.
Custom AML Policy Manual
Tailored to your specific business type, transaction flow, customer base, and regulatory framework. Updated annually or as regulations change. Not a template.
BSA Risk Assessment
Identifies and rates your money laundering risks across customers, products, geographies, and channels. Required for all covered businesses under 31 CFR Part 1010.
FinCEN MSB Registration
We handle Form 107 registration, biennial renewal, and risk disclosure documentation. Includes compliance officer designation for your entity.
Employee Training Platform
Industry-specific online training with auto-generated completion certificates. Covers AML fundamentals, SAR filing, OFAC screening, and red flag identification.
SAR & CTR Filing Procedures
Documented step-by-step procedures for identifying, investigating, and filing Suspicious Activity Reports and Currency Transaction Reports in your business context.
OFAC Screening Protocols
Written procedures for screening customers and transactions against OFAC sanctions lists, including escalation and blocking protocols.
Customer Identification (CIP)
Customer identification and due diligence procedures specific to your business model, including enhanced procedures for high-risk customers.
Annual Program Review & Gap Analysis
A professional, documentary review of your AML program to identify gaps, weaknesses, and remediation priorities against FinCEN examination standards.
Training Only
For teams that already have a program and mainly need training, tracking, and certificates.
From $75 per employee
Volume pricing available. Per-seat rates decrease for larger teams.
Training + Review
Most PopularTraining plus a professional review of the AML/BSA program you already have.
Starting at $1,800/year
Final pricing depends on your industry, team size, and compliance complexity.
Training + Creation
Training plus development of the program documentation your business needs.
Starting at $3,500/year
Final pricing depends on your industry, team size, and compliance complexity.
Add Banking Partner Readiness
One-time add-on to prepare your program for banking-partner due diligence. Requires Training + Review or Training + Creation.
$6,500 one-time
Learn MorePlan pricing is calculated from your industry and team size after you select a plan. Soflo provides consulting and training services; independent testing, when required, is engaged separately through a qualified third party.
Outsourced vs. In-House: The Real Numbers
Compare the actual cost of building and maintaining an AML program yourself versus letting Soflo handle it entirely.
Hire In-House
Full-time compliance officer + software + review
Fractional Consultant
Part-time consultant + you manage the rest
Soflo Outsourced
Components delivered across our plans
Cost estimates are representative. In-house and fractional costs vary by location, business size, and consultant rates. Soflo plan pricing is calculated from your industry and team size.
A 14-Person MSB Replaced DIY Compliance Without Hiring
A money services business in the Northeast with 14 employees had operated for 3 years with a hand-me-down AML policy from a previous owner. The policy was generic, the training was verbal, and there was no independent review. During a state license renewal, the examiner flagged all three deficiencies.
The owner considered hiring a compliance officer but could not justify the $90,000+ salary for a 14-person operation. A fractional consultant quoted $7,500/month, $90,000/year, with no training platform or review included.
Instead, the owner chose Soflo's outsourced program. He enrolled all 14 employees in training, had his existing AML policy professionally reviewed, and received written findings with a prioritized view of what to fix. Compared with hiring or retaining a fractional consultant, the difference ran into tens of thousands of dollars in year one, while the training and review work began right away.
Tens of thousands
Saved vs. hiring in-house
Days
To a trained team
Organized
Examiner-ready records
Choose the Plan That Fits Your Business
Whether you need employee training, a professional review of the program you already have, or development of new documentation, there is a Soflo plan for it. Pricing is calculated from your industry and team size, no hiring, no generic templates.
Not sure which plan fits? Start with Training + Review (starting at $1,800/year) and upgrade to Creation anytime if your documentation needs to be developed.
Start with Training + ReviewOutsourced AML Compliance: Common Questions
What does outsourced AML compliance with Soflo include?
It depends on the plan you choose. Training Only covers industry-specific employee training, tracking, and certificates. Training + Review adds a professional review of the AML/BSA program you already have. Training + Creation adds development of the program documentation your business needs. The exact components are confirmed for your industry and operations during the guided flow.
How much does it cost compared to hiring in-house?
A full-time BSA/AML compliance officer typically costs $85,000–$150,000 a year in salary and benefits, and a fractional consultant often charges $5,000–$12,000 a month. Soflo plans start far below that: Training Only from $75 per employee, Training + Review starting at $1,800 a year, and Training + Creation starting at $3,500 a year. Final pricing is calculated from your industry, team size, and compliance complexity, and Banking Partner Readiness is a separate one-time $6,500 add-on.
How quickly can a program be set up?
Timing depends on the plan and your scope. Training Only is available immediately, so employees can start training the day you sign up. For Training + Review and Training + Creation, your compliance professional confirms the timeline once your materials are received. We do not quote a universal turnaround because it varies by industry and scope.
Will an outsourced program satisfy bank and regulator examinations?
Soflo programs are built to help you meet FinCEN, state-regulator, and bank examination expectations, and our documents are organized for examiner review. We cannot guarantee a specific examination outcome. Independent testing, where required, must be performed by a party independent of your program and is not provided by Soflo.
Outsource Your AML Compliance. Focus on Your Business.
Whether you need training, a professional review of the program you already have, or help developing new documentation, Soflo has a plan for it. Pricing is calculated from your industry and team size. No hiring. No generic templates. No compliance headaches.