AML RightSource, the leading outsourced provider of Anti-Money Laundering, Know Your Customer, and Bank Secrecy Act compliance solutions, has acquired Passcon GmbH.

Passcon, founded in 2016 and based in Hamburg, Germany, offers managed services, advisory, and technology solutions across the anti-financial crime spectrum, including KYC, transaction monitoring, sanctions, and investigations. Passcon provides operational and advisory coverage worldwide, with 300 team members and more than 10 offices across EMEA, APAC, and North America.

Corinna Reibchen, Founder and Managing Director of Passcon, stated, “We couldn’t be more excited to be joining forces with AML RightSource to provide a comprehensive suite of compliance solutions on a global scale. Together, we can better support our clients around the world in the fight against financial crime.”

As Managing Director of AML RightSource, Corinna will continue focusing on international sales and operations, leveraging over 20 years of experience in financial services and AFC consulting.

“We are thrilled to bring Corinna and the entire Passcon team onboard to further expand our footprint and enhance our international delivery capabilities,” stated Frank Ewing, Chief Executive Officer at AML RightSource, “Following the recent acquisition of Arachnys, this combination will allow us to provide a broader range of cost-effective, tech-enabled services, cementing AML RightSource as the leading provider of financial crimes compliance solutions around the globe.”

AML RightSource is backed by Gridiron Capital, LLC, a leading investment firm focused on partnering with founders, entrepreneurs, and management teams.