Black and White LLC launches AML and proliferation financing compliance services

Black and White LLC has launched independent AML/CTF review-audit, enhanced due diligence and risk management services for regulated firms and other businesses. The Washington, D.C.-based consulting firm is targeting banks, money remitters, card payment providers and companies exposed to high-risk markets and sanctions risk.

Why it matters: - Financial institutions and other regulated businesses face annual AML independent audit expectations under Bank Secrecy Act and AML rules. - Proliferation financing controls are becoming more important for companies that move goods, work across borders or operate in higher-risk jurisdictions. - Independent review and external risk support can help firms identify gaps before regulators or counterparties do.

What happened: - Black and White LLC announced a new set of compliance services focused on AML/CTF and proliferation financing review-audit, enhanced due diligence and risk management. - The Washington, D.C.-based consulting firm said the offering is available to financial institutions and non-financial businesses, including money remittance firms, card payments providers, banks, natural resources companies and charities. - The company also said interested customers can contact the firm through its contact page or its LinkedIn page.

The details: - The service lineup includes an independent BSA USA audit-review of compliance programs. - The offering includes enhanced due diligence for high-risk clients. - Black and White LLC also offers external compliance training. - Risk management services include news analytics for emerging markets, country and project risk assessment, analysis of events in high-risk jurisdictions, sanctions screening and media screening. - The firm said compliance training can be delivered regularly based on client needs. - The firm said it also trains clients on high-risk jurisdictions, projects and fast-developing ad hoc events before market entry. - Black and White LLC said its staff includes Certified AML Specialists and Certified Financial Crimes Investigators. - The firm said its employees have prior experience at large financial conglomerates and FinTech startups and helped build AML/CTF programs for previous employers. - Black and White LLC said its international coverage includes the U.S., U.K. firms overseen by the FCA and Canadian businesses under FINTRAC oversight. - The company said its risk management services are intended for any entity, including export-import businesses that need proliferation financing controls. - The firm said it is offering a free extra service to customers who buy the independent AML/CTF review audit. - The free add-on can be one week of industry, government, regulatory, M&A or business news analysis in a country of choice, one event analysis in any country, an AML/CTF/PF risk assessment of a project, or enhanced due diligence on one customer. - Black and White LLC said the website does not collect personal data unless a visitor submits a contact form.

Between the lines: - The launch positions Black and White LLC as an external compliance provider for firms that may not have in-house AML, sanctions or proliferation financing specialists. - The bundle of audit, training and risk analysis services suggests the firm is aiming at both regulatory checkboxes and ongoing risk monitoring. - The focus on high-risk jurisdictions and sanctions screening points to demand from companies with cross-border exposure, not just traditional banks.

What's next: - Black and White LLC is taking customer interest now through its website and LinkedIn presence. - The firm is likely to compete on specialist expertise, independent review and bundled service offers. - The launch also sets up the company to expand its client base across regulated and trade-related sectors.