CAMLO & MLRO · Canada
Outsource your CAMLO and MLRO
Experienced compliance officers who take real accountability for your MSB — not a name on paper.
Why compliance officer appointments go wrong
Name-only appointments
Appointing someone without AML expertise just to fill the role. FINTRAC will interview your CAMLO during examination — if they can't explain your program, your MSB fails.
Delayed STR filing
Without a dedicated MLRO, suspicious transaction reports get delayed or missed. Late STRs trigger penalties and potential criminal referrals from FINTRAC.
Hiring costs
A qualified full-time compliance officer costs $80,000–150,000+ annually. For early-stage MSBs, outsourcing delivers the same expertise at a fraction of the cost.
What you get
- Experienced CAMLO overseeing your entire compliance program
- Dedicated MLRO for suspicious transaction assessment and reporting
- STR and TPR filing with FINTRAC
- Ongoing compliance program updates and maintenance
- Staff training on AML/ATF obligations
- Regulatory change monitoring and implementation
- FINTRAC examination preparation and support
How it works
Assessment — we review your compliance program, reporting history, and operational needs.
Onboarding — CAMLO and/or MLRO appointed, integrated into your compliance infrastructure.
Ongoing oversight — continuous compliance management, reporting, training, and examination readiness.
FAQ
The Chief Anti-Money Laundering Officer is the person responsible under the PCMLTFA for the design, implementation, and effectiveness of your MSB's entire AML/ATF compliance program. FINTRAC holds this individual personally accountable.
The CAMLO oversees the entire compliance program — its design, implementation, and ongoing effectiveness. The MLRO handles day-to-day reporting — receiving internal disclosures, assessing suspicious activity, and filing STRs and TPRs with FINTRAC.
Yes. Many MSBs outsource CAMLO and MLRO functions to experienced professionals. This is common for early-stage and mid-size businesses where hiring a full-time compliance officer is cost-prohibitive.
FINTRAC examiners interview compliance officers to test their knowledge of the program. If your CAMLO can't demonstrate genuine oversight, FINTRAC issues deficiency findings that can result in penalties and enforcement action.
We can typically onboard as CAMLO/MLRO within 1–2 weeks, including a full review of your existing compliance program and any immediate gaps that need to be addressed.
Get In Touch
Need a CAMLO or MLRO for your MSB?
Free 30-minute consultation. No obligations.
Toronto, Ontario, M5B 1Y4, Canada