Rapid Organic Growth and Strategic Acquisitions Prompt Addition of New Leadership Role at AML RightSource
CLEVELAND, May 16, 2022 /PRNewswire-PRWeb/ — AML RightSource, the leading provider of financial crime risk and compliance solutions, has appointed Tracy Mortenson, JD, CPA, to the new position of President. This position was created to provide additional organizational leadership in support of the company’s rapid growth.
Tracy will be responsible for supporting day-to-day operations, executing the company’s strategic agenda and leading the senior management team. This will include advancing the company’s go-to-market strategy and refining the integration of its technology products to capture expanded market opportunities. Tracy will also foster the exceptional culture and exceptional customer service levels that characterize the AML RightSource brand.
Tracy will report to the CEO of AML RightSource, Frank Ewingwho will focus on the strategic opportunities available to the organization.
“Our rapid growth and increased market demand for compliance solutions means that the popularity of AML RightSource’s offerings requires careful alignment of our business strategy and organizational skills,” says Frank Ewing. “We couldn’t be more thrilled to welcome Tracy to the AML RightSource leadership team. Her experience and passion for excellence make her ideal to further our important goals and advance compliance for organizations across the world. whole world.”
Tracy joins AML RightSource from Thomson Reuters, where she most recently served as vice president of tax and accounting for the middle market. Previously, she held management positions at Corptax and CCH (a subsidiary of Wolters Kluwer).
In addition to benefiting from exceptional growth in its managed services business, AML RightSource has completed five strategic acquisitions over the past 15 months. These have expanded the company’s product and solution offerings and strengthened its global leadership in compliance innovation. In 2021, the company experienced 86% year-over-year revenue growth and now has over 3,400 team members across 15 locations globally.
“AML RightSource is perfectly positioned to meet the growing demands and challenges faced by financial and regulated institutions. Its unique combination of customer-focused services and innovative technology offerings means it can be a game-changer for organizations looking to improve compliance and risk management operations,” explains Tracy Mortenson. “I look forward to working with the AML RightSource team to expand its reputation as a valued solution provider in the global fight against financial crime.”
About AML RightSource, LLC
AML RightSource is the leading technology-enabled managed services company committed to fighting financial crime for financial institutions, FinTechs, money services businesses and enterprises worldwide. With the largest team of full-time compliance professionals in the industry, these highly trained analysts and subject matter experts help clients create custom solutions to meet day-to-day compliance tasks and strategic changes through AML/BSA, transaction monitoring, customer onboarding (KYC), enhanced due diligence (EDD), and risk management, thereby lowering compliance costs, reducing risk, speeding up analyst work, and increasing productivity. AML RightSource is headquartered in Cleveland, Ohio. For more information, visit http://www.amlrightsource.com.
About Gridiron Capital
Gridiron Capital is an investment firm focused on partnering with founders, entrepreneurs and management teams, and creating value by transforming middle market companies into industry leaders in branded consumer services, B2B and B2C, and niche industry segments in United States and Canada. Gridiron Capital transforms growing businesses by winning together through hard work, partnerships built on shared values, and a unique culture that stems from hands-on experience building and running businesses. Led by former operators and entrepreneurs, Gridiron Capital knows what it takes to run successful businesses every day. Additional information is available on the company’s website gridironcapital.com.
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SOURCE AML Right Source