AML/ATF compliance · Canada
Build a compliance program that unlocks banking
Tailored to your MSB. Passes FINTRAC examination. Opens bank doors.
Delivered in 2–3 weeks.
Why compliance shortcuts backfire
Generic templates
Template-based programs use boilerplate language that doesn't reflect your business. FINTRAC examiners and bank compliance officers spot them immediately.
No banking access
Banks require a full AML/ATF compliance program before opening an MSB account. A weak program gets you declined — often permanently at that institution.
FINTRAC examination exposure
FINTRAC can examine your compliance program at any time. Non-compliance findings result in penalties starting at tens of thousands of dollars.
What you get
- AML/ATF policy
- Risk assessment tailored to your MSB activities
- Country acceptance policy and framework
- Fraud policy
- Onboarding procedures and controls policy
- Transaction monitoring policy
- Suspicious transaction reporting procedures and escalation protocols
- Record keeping policies aligned with PCMLTFA requirements
- Staff training program
How it works
Business analysis — we study your MSB activities, client types, and risk landscape.
Program development — KYC, transaction monitoring, STR protocols, and all supporting policies — written and reviewed.
Bank-ready — your compliance program is ready for bank submission and FINTRAC examination.
FAQ
A set of policies, procedures, and controls required under the PCMLTFA for every Canadian MSB. It includes a compliance officer appointment, written policies, risk assessment, staff training, and a biennial effectiveness review — all tailored to your specific business.
Banks must assess the ML/TF risk your business presents. Your compliance program is the primary evidence they use. A strong program demonstrates you understand your risks and have controls in place. Without one, banks have no basis for approving your account.
FINTRAC explicitly expects compliance programs tailored to your specific risks. Template programs are identified quickly and result in deficiency findings and bank rejections. The money saved on a template is spent many times over on remediation.
We typically deliver a complete compliance program within 2 to 3 weeks, depending on the complexity of your business model and MSB activities.
Yes — crypto MSBs face unique requirements: wallet monitoring, blockchain analytics, travel rule compliance, and KYC procedures specific to virtual currency clients. Your risk assessment must account for the anonymity risks inherent in virtual currencies.
Get In Touch
Ready to build your compliance program?
Free 30-minute consultation. No obligations.
Toronto, Ontario, M5B 1Y4, Canada