AML Compliance Challenges?
We Protect Your Business.
From BSA program development to FinCEN enforcement defense, our attorneys help financial institutions and businesses navigate complex anti-money laundering regulations.
Licensed in NY, NJ, FL, TX, GA, MI & Federal Courts
24+
Years Experience
6+
State Licenses
Confidential
Business-Focused
AML Compliance Services
How We Protect Your Institution
BSA/AML Program Development
End-to-end design of Bank Secrecy Act compliance programs tailored to your institution's risk profile.
SAR Filing & Review
Suspicious Activity Report preparation, filing, and retroactive review to ensure FinCEN compliance and defensible documentation.
KYC/CDD Programs
Know Your Customer and Customer Due Diligence frameworks that satisfy the FinCEN CDD Rule and withstand regulatory examination.
OFAC Sanctions Screening
Sanctions compliance programs, SDN list screening protocols, and remediation for potential violations.
FinCEN Enforcement Defense
Representation in FinCEN investigations, consent orders, and civil money penalty proceedings.
AML Audit Preparation
Pre-examination readiness assessments, gap analysis, and remediation to prepare for federal and state AML audits.
Correspondent Banking Compliance
Due diligence programs for correspondent and payable-through accounts under USA PATRIOT Act Section 312.
Cryptocurrency AML Compliance
AML/CFT programs for virtual asset service providers, exchanges, and DeFi platforms under evolving FinCEN guidance.
The Cost of Non-Compliance
Why AML Compliance Matters
Proactive compliance costs a fraction of enforcement penalties. In fact, the consequences of inadequate AML programs are severe and increasingly common.
$1B+
Annual FinCEN Fines
FinCEN has assessed billions in civil money penalties against institutions with deficient AML programs.
10 Years
Criminal Exposure
Willful BSA violations carry criminal penalties up to 10 years imprisonment under 31 U.S.C. Section 5322.
Charter Loss
Regulatory Action
Regulators can revoke charters, issue cease-and-desist orders, and remove officers for systemic failures.
Protected
With Proper Counsel
A well-designed AML program demonstrates good faith, limits liability exposure, and satisfies examiners.
Getting Started
Three Steps to Compliance Confidence
Call or Click
Reach us at (516) 750-0595 or submit a confidential inquiry. We respond within one business day.
Free Compliance Assessment
We evaluate your current AML program, identify regulatory gaps, and outline a remediation strategy tailored to your risk profile.
We Build Your Defense
From program design to enforcement response, we construct an AML compliance framework that protects your institution and satisfies regulators.
Why Tenenbaum Law
Compliance Counsel That Understands Your Business
AML compliance is not a checkbox exercise. Instead, it requires counsel who understands your institution's operations, risk exposure, and the regulators who examine you. With 24 years of practice and multi-jurisdictional licensing, we bring the depth financial institutions and compliance officers demand.
Multi-Jurisdictional License
Admitted in New York, New Jersey, Florida, Texas, Georgia, Michigan, and multiple federal courts — covering the regulatory landscape your institution operates in.
Financial Regulation Expertise
Deep knowledge of BSA, FinCEN, OFAC, USA PATRIOT Act, and state-level requirements including NY DFS Part 504 transaction monitoring.
Audit-Ready Documentation
We design every program, policy, and procedure to withstand regulatory examination and demonstrate institutional good faith.
Confidential Business Counsel
Attorney-client privilege protects all communications. We understand the sensitivity of compliance matters and the reputational stakes involved.
"When FinCEN opened an inquiry into our transaction monitoring, Jason's team responded within hours. They guided us through the examination, remediated the gaps in our program, and ultimately resolved the matter without penalties. Their understanding of the regulatory process was exceptional."
Compliance Officer
Regional Financial Institution
Regulatory Landscape
AML Regulatory Framework We Navigate
The AML regulatory environment is multi-layered and constantly evolving. We advise institutions on the full spectrum of applicable requirements.
Bank Secrecy Act (BSA)
Core AML statute requiring financial institutions to maintain records and file reports that assist in detecting and preventing money laundering.
FinCEN Regulations & Reporting
CTR, SAR, and CMIR filing requirements, beneficial ownership reporting, and MSB registration obligations under 31 CFR Chapter X.
USA PATRIOT Act Sections 311-326
Enhanced due diligence for correspondent accounts, information sharing provisions, and customer identification program requirements.
OFAC Sanctions Compliance
SDN list screening, sectoral sanctions, and country-based embargoes administered by the Treasury Department's Office of Foreign Assets Control.
NY DFS Part 504
New York's transaction monitoring and filtering program requirements, including annual board-level certifications of compliance.
SAR Filing & KYC/CDD/EDD
Suspicious activity reporting timelines, customer due diligence under the FinCEN CDD Rule, and enhanced due diligence for high-risk relationships.
Related compliance practice areas:
AML Compliance Questions
Frequently Asked Questions
What is AML compliance?
Who needs an AML program?
What is a SAR and when must it be filed?
What are the penalties for AML violations?
What is KYC/CDD?
How often should AML programs be audited?
Does my cryptocurrency business need AML compliance?
How much does AML compliance counsel cost?
About the Author
Jason Tenenbaum
Jason Tenenbaum is a personal injury attorney serving Long Island, Nassau & Suffolk Counties, and New York City. Admitted to practice in NY, NJ, FL, TX, GA, MI, and Federal courts, Jason is one of the few attorneys who writes his own appeals and tries his own cases. Since 2002, he has authored over 2,353 articles on no-fault insurance law, personal injury, and employment law — a resource other attorneys rely on to stay current on New York appellate decisions.
Act Before Regulators Do
Regulatory Risk Doesn't Wait. Neither Should Your Compliance Program.
Enforcement actions are increasing. Penalties are escalating. A proactive compliance program is your institution's strongest defense. Let us build it.
Confidential consultations. Multi-state licensed. Attorney-client privilege protected.
About Our Legal Practice
The Law Office of Jason Tenenbaum, P.C. has been representing injured individuals and workers throughout Long Island and New York City since 2002. Attorney Jason Tenenbaum founded the firm, now headquartered at 326 Walt Whitman Road, Suite C, Huntington Station, New York 11746. Today, the firm's six attorneys bring over 112 combined years of legal experience to personal injury, employment discrimination, no-fault insurance, and workers' compensation cases. The team speaks English, Spanish, Italian, Japanese, and Russian.
Attorney Tenenbaum has written more than 1,000 appellate briefs, handled over 100,000 no-fault insurance cases, and recovered over $100 million in verdicts and settlements. He is admitted to practice in New York, New Jersey, Florida, Texas, Georgia, and Michigan state courts, as well as multiple federal courts. His 2,353+ published legal articles analyzing New York case law make him one of the most prolific legal commentators in the state. Attorneys, judges, and insurance professionals across all four Appellate Division departments rely on his analysis.
The firm operates on a contingency fee basis for personal injury and employment discrimination cases — you pay no attorney fees unless we recover compensation on your behalf. Additionally, every consultation is free and confidential. Our practice areas include car accidents, truck accidents, motorcycle accidents, pedestrian accidents, bicycle accidents, slip and fall injuries, premises liability, medical malpractice, product liability, dog bites, construction accidents, wrongful death, employment discrimination, wrongful termination, workplace harassment, wage and hour violations, no-fault insurance disputes, and workers' compensation claims. Call (516) 750-0595 for a free consultation.