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AML RightSource acquires London-based Arachnys Information Systems

AML RightSource acquires London-based Arachnys Information Systems Contributed photo AML RightSource, backed by private equity firm Gridiron Capital, has acquired Arachnys Information Services Limited of London, marking the Cleveland-based firm s first expansion outside of North America. Financial terms of the deal, which closed March 3, were not disclosed. Here s how AML, which specializes in outsourced anti-money-laundering services and consulting, describes its rollup: Arachnys, an innovative RegTech platform based in the United Kingdom, provides enriched, intelligent (know-your-customer) and (anti-money-laundering) data and software solutions to accelerate customer onboarding and monitoring for financial institutions and other high-risk industries. Its platform and suite of APIs support KYC and onboarding, AML and investigations, Enhanced Due Diligence ( EDD ), adverse media monitoring, Third-Party Due Diligence ( 3PDD ), and other critical anti-financial crimes ( AFC ) pro

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