Fintech compliance, without the friction.

Any fintech that touches US dollars or partners with a US bank inherits Bank Secrecy Act (BSA) obligations: a written AML program, a designated BSA officer, ongoing employee training and independent testing. On top of that, OFAC sanctions screening is mandatory, FinCEN's Customer Identification Program (CIP) and Beneficial Ownership Rule apply through the partner bank, and the FFIEC BSA/AML Examination Manual is the playbook examiners use to evaluate your program. Legal Talent ships KYC, sanctions screening and continuous monitoring aligned to all four out of the box.

If the neobanking experience is delivered on top of a sponsor bank (the typical BaaS model), the bank holds the charter and FinCEN registration; the fintech operates under the bank's AML program and is contractually bound to it. If the neobank holds its own state money-transmitter licenses or runs an independent payments rail, it must register as a Money Services Business with FinCEN within 180 days of starting and renew every two years. Legal Talent's audit trail and SAR-ready exports work for both models.

Median onboarding for a US fintech using our hosted flow is under three minutes end to end: ID capture with OCR, selfie with passive liveness, OFAC plus global PEP screening and rule-based decisioning. Approvals that don't trigger a manual review come back in under fifteen seconds. For higher-risk tiers we layer adverse-media and proof-of-funds without breaking the flow, and the full session ledger is preserved for examiner review.

KYC verifies an individual: government ID, biometric proof of liveness, sanctions and PEP screening. KYB verifies a business: legal entity registration, ultimate beneficial owners (UBOs) above 25 percent ownership per FinCEN's CDD Rule, control persons, and screening of the entity and every UBO against sanctions and adverse media. Fintechs serving SMBs or marketplace sellers need both, and Legal Talent runs them in a single workflow with shared audit trails.

Every customer is screened against OFAC SDN, OFAC Consolidated, OFAC sectoral programs, the UN consolidated list, EU and UK HMT lists, plus a global PEP database. Matching uses fuzzy logic tuned for transliteration and date-of-birth proximity to keep false positives low. New designations are pulled within 24 hours and re-screened against the entire customer base, with webhook alerts and an in-app review queue for analysts.