Customer sanctions, PEP, and adverse-media screening
PeakAML compliance tools
AML Software for Money Service Businesses
Money service businesses need AML controls that work in real daily operations and leave a defensible record. PeakAML brings screening, training, risk, policy, and evidence workflows together without forcing an enterprise-sized subscription.
Free account setup. Choose the products your business needs rather than paying for an all-in-one enterprise package.
Built for practical AML compliance
AML training with completion tracking and certificates
Risk assessments, policy reviews, document storage, and remediation support
Core AML workflows for an MSB
PeakAML is designed around the compliance work an MSB needs to operate and document rather than around a generic enterprise software package.
- Screen customers and counterparties for sanctions and PEP exposure
- Document potential-match review and disposition
- Assign and retain evidence of AML training
- Organize risk assessments and policy reviews
- Preserve compliance documents, reports, and remediation evidence
Built around the compliance record
An examiner or independent reviewer may need to understand not just that a control exists, but whether it operated. PeakAML keeps outputs such as screening results, certificates, policy reviews, risk records, and supporting documents connected to the organization's compliance workspace.
Useful for currency exchange and other MSB models
Different MSBs have different products, customers, geographies, transaction patterns, and regulatory exposure. A retail currency exchange should not have an identical control environment to a nationwide money transmitter. PeakAML provides modular tools so the business can use the products relevant to its own program.
Software supports the AML program; it does not define it
PeakAML does not replace the MSB's designated compliance responsibility, legal advice, independent review, or the need to determine which BSA, sanctions, state, and other requirements apply. The software helps the organization operate and document the controls it has chosen.
Continue your AML research
These PeakAML guides and product pages provide additional detail for the workflow described above.
Frequently asked questions
What AML tools does an MSB typically need?
The exact controls depend on the MSB's activities and risk, but common needs include customer and sanctions screening, training, risk assessment, policy and procedure management, recordkeeping, independent review support, and documented escalation workflows.
Is PeakAML only for money transmitters?
No. PeakAML can support different regulated and risk-sensitive businesses, including currency exchange businesses and other MSB models, using modular compliance products.
Does PeakAML file CTRs or SARs for my MSB?
PeakAML's marketing site does not claim to replace the business's regulatory reporting responsibilities. Each MSB remains responsible for determining and meeting its own filing obligations.