Clarion Capital Partners LLC, a New York-based, middle-market private equity firm, invested in AML RightSource, a Gabriel Partners company that provides anti-money laundering, Bank Secrecy Act and financial crimes co-sourcing solutions, including staff augmentation. The transaction closed on Aug. 18; terms were not disclosed.

Current shareholders of AML RightSource, Frank Ewing and Paul Linehan, will maintain an ownership stake in AML RightSource and will lead the business in partnership with Clarion. As part of the transaction, Ewing has been promoted to CEO and Linehan to president.

RightSource says the partnership will help it align more closely with its customers in the banking, financial services and online payments industries, pursue new customers, and invest in its employees and internal infrastructure. It expects to add new services and geographies as part of a long-term strategy.

AML RightSource has more than 500 AML/BSA professionals. The company’s current services include transaction monitoring, alert backlog management, enhanced due diligence reviews, and financial crimes advisory services. It is headquartered in Cleveland, with additional facilities in Hudson, Ohio, and Phoenix.