Sum2 is pleased to offer the definitive solution for broker dealers and fund managers to implement and administer an in-house Anti-Money Laundering (AML) program that complies with the provisions of the USA PATRIOT Act.

PACO is an interactive multimedia package of services that address the AML compliance requirements of Sections 352, 326 and 314 of the USA PATRIOT Act.
SAR Filing and Reporting

PACO’s unique design integrates numerous compliance services onto a single platform for a fraction of the cost it would take to contract out for these services separately. PACO incorporates all required compliance applications in an easy to use integrated environment.

Program Functions

Section 326: Customer Identification Program
Section 352: AML Compliance Program Audit
AML Compliance Training & Testing
SAR Filing and BSA Reporting Module

Program Features

Supports e-mail
Browser Based Applications
AML Glossary, Acronyms and Definitions
Features Music and Pictorial Graphics
Runs on MS Windows Environment
Access to 15 AML Websites
Section 326 Compliance Icon
OFAC Notification Bulletins
Sum2 Customer Service Hotlink

PACO Clients

Hedge Funds
Broker Dealers
RIA's
CTA/CPO
Fund Managers
Jewelers
Car Dealerships
Correspondent Banks
Fund Administrators
Money Services Businesses

System Requirement

MS Windows
CD ROM DRIVE
Internet Explorer
Google Browser

Fee $950.00


Annual Software License Fee: $250.00

License Fee Includes Annual Updates.

Two Hours of Webinar Facilitator Resource.

AML Review Guidelines for Investment Companies
An Independent Audit of Firm’s AML Policies and Procedures

Price $45.00 
No Charge for E-Mail Delivery
Add $8.00 Handling Charge for USB Flash Drive

Customer Identification Program (CIP)
Section 326 of the USA PATRIOT Act.

The USA PATRIOT ACT and Bank Secrecy Act, Anti-Money Laundering Customer Identification Program (CIP) Module (AML CIP Workflow Guide) (Sound Practice Series, Volume 1 AML) (CD-ROM)

Pages 32: Customer Due Diligence Account Opening Forms

This CIP program provides a powerful rule based CIP application for all financial service providers that offer services to institutional and retail investor types. This CIP program enables the financial company to conduct and maintain a risk-based review of all investor and client types.

This CIP program is intended to ensure that, prior to accepting a new customer’s funds or opening a new client account, all reasonable and practical measures are taken to confirm the customer’s identity. The firm’s CIP is designed to ensure that prohibited investors and customers are not accepted as clients of the firm.

The firms CIP is also designed to verify that any third party upon whom the firm relies upon for customer identification, (such as a bank, clearing broker, prime broker, financial intermediary, placement agent, consultant, fund-of-funds, custodian, nominee, administrator, or any other third party) adheres to the same CIP standards.

The firm will complete appropriate customer identification procedures with regards to a new account applicant prior to accepting an investment or opening a new customer account.


System Requirements:  MS Office Office and Internet Browser

Price $135.00
Free E-Mail Delivery
Add $8.00  Handling  Charge  for USB Flash Drive

SAR Filing and Reporting

The USA PATRIOT ACT and Bank Secrecy Act, Anti-Money Laundering Suspicious Activity Reporting Module (AML SAR Workflow Guide) (Sound Practice Series, Volume 1 AML) (CD-ROM)

Pages 32

If your firm suspects a potential money laundering incident, this browser based system provides a rules based application of government reporting guidelines and procedures and a full compliment of government agencies reporting forms for ease of use, quick access and expeditious filing with enforcement agencies. Full filing instructions for FinCEN form 101, CTR, CMIR, FBAR and Certification for Correspondent Bank Reporting.

System Requirements: MS Office, Internet Browser

Price $135.00
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Section 352 of the USA PATRIOT Act requires financial companies to document and maintain AML administrative and operational policy manual. PACO offers the choice of two AML Compliance templates that address the operational and administrative requirements of the USA PATRIOT Act. Each template clearly outlines CIP Procedures, SAR Detection and Reporting, Training Guidelines, Responsibilities of the AML Compliance Officer and Documentation and Record Management Requirements. This product also provides Sample AML Adoption Board Resolutions and offers suggested Guidelines for Agreements with Service Providers and Subscription Documents.

Price $45.00
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