Chartwell Compliance assists a payments organization’s launch or expansion in North America by securing all of the state and provincial money transmitter licenses and Anti-Money Laundering (AML) registrations for the U.S.A and Canada. Moreover, we set up the AML, Office of Foreign Assets Control (OFAC), Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) and consumer compliance programs and can serve as the outsourced license and AML compliance administrator.

Our team is primarily made up of former payments industry compliance executives and regulators, each averaging 20 years of experience. Several of our team members are former state regulators or have secured and maintained nationwide money transfer license portfolios for prominent companies, both with their prior employers and at Chartwell. Our team members are skilled in anti-money laundering, anti-corruption and consumer compliance. This dynamic skills set has helped make Chartwell one of the most recognized brands serving Money Services Businesses in North America.

Chartwell enables organizations to successfully become regulated entities by providing guidance and expertise throughout the entire licensing process and beyond. Below are some of the components of our market entry projects:

  • Prepare for state license and Provincial application submissions;
  • Provide all-around project management for both the customer and Chartwell;
  • Complete and/or provide quality control on license applications and required exhibits;
    • Manage or assist with regulatory communications until license approvals;
    • Prepare company on controls & systems needed to be a successfully regulated entity;
    • Manage license reporting, renewals, regulatory tracking and exams; and
    • Serve as outsourced AML administrator, Senior Adviser or independent reviewer on AML and consumer protection compliance
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