What is Peabody Secure?

Peabody Secure is an AI-driven platform designed to help businesses automate compliance, identity verification, and risk monitoring with trusted AI tools.

How does it help with compliance?

We streamline KYC (Know Your Customer), AML (Anti-Money Laundering), and reporting workflows through API-driven automation, ensuring you stay compliant with regulations.

What is the Specially Designated Nationals List (SDN) by OFAC?

As part of its enforcement efforts, OFAC publishes a list of individuals and companies owned or controlled by, or acting for or on behalf of, targeted countries. It also lists individuals, groups, and entities, such as terrorists and narcotics traffickers designated under programs that are not country-specific. Collectively, such individuals and companies are called "Specially Designated Nationals" or "SDNs." Their assets are blocked, and U.S. persons are generally prohibited from dealing with them.

Is my data secure?

Yes, security is our top priority. We use advanced encryption and AI-powered tools to protect your data and ensure the integrity of all verification processes.

Which entities in the U.S. are subject to AML and KYC rules under the BSA and USA Patriot Act?

Under the Bank Secrecy Act (BSA) and the USA PATRIOT Act, a wide range of financial institutions in the U.S. are subject to Anti-Money Laundering (AML) and Know Your Customer (KYC) rules. This includes traditional banks, as well as a diverse category known as Non-Bank Financial Institutions (NBFIs). NBFIs are broadly defined as institutions other than banks that offer financial services, and the USA PATRIOT Act has specifically expanded the definition of "financial institution" to encompass many such entities. Common examples of NBFIs include, but are not limited to:

• Casinos and card clubs.
• Securities and commodities firms (e.g., brokers/dealers, investment advisers, mutual funds, hedge funds, or commodity traders).
• Money services businesses (MSB).
• Insurance companies.
• Loan or finance companies.
• Operators of credit card systems.
• Other financial institutions (e.g., dealers in precious metals, stones, or jewels; pawnbrokers).