AML Compliance Services for Fund Administrators
Administrators perform all the investor identification work while the managers themselves retain the actual obligation, and that split works properly only when both parties agree precisely what each one is really doing.
- FINTRAC Registered
- Cross-Border Expertise
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Performing Work Without Holding the Obligation
Fund administration frequently includes investor onboarding, subscription processing, and record keeping performed on behalf of managers. Canadian law permits reliance on another party to carry out those tasks, but it never moves the obligation itself. The manager remains answerable, which means an administrator is performing regulated work while somebody else carries responsibility for whether it was done adequately.
That arrangement fails quietly when expectations diverge. A manager assumes the administrator applied a particular standard, the administrator applied whatever the service agreement specified, and neither discovers the difference until records are requested. Defining precisely what is performed, to what standard, and how the manager obtains evidence is what turns an assumption into an arrangement that actually holds.
Compliance Support for Fund Administration
We deliver service scope definitions, investor identification procedure design, record access and retention arrangements, manager reliance documentation, quality assurance frameworks, independent effectiveness reviews, and ongoing compliance officer support for fund administration businesses.
PSP Registration
End-to-end PSP registration support under Canada's Retail Payment Activities Act framework.
MSB Licensing
Complete MSB licensing and FINTRAC registration for money services businesses nationwide.
Banking
Deliver secure banking compliance solutions supporting regulatory excellence and operational efficiency.
AML Compliance
Build robust AML frameworks ensuring regulatory compliance and effective financial crime prevention.
Regulatory Consulting
Receive strategic regulatory advice supporting sustainable growth and complete compliance confidence.
Transaction Monitoring
Ongoing transaction monitoring and screening to detect and report suspicious activity.
Why Fund Administrators Choose Us
We define precisely what you perform and what the manager retains, because the gap between those two is exactly where reliance arrangements quietly fail and both parties discover it simultaneously.
Scope Precisely Defined
We document exactly what you perform and to what standard, removing the assumptions that reliance arrangements otherwise rest upon.
Records Reach Managers
We build access arrangements so managers can obtain identification evidence, because they must produce it when asked.
Standards Made Explicit
We specify the identification standard applied, since managers frequently assume something different from what was actually agreed.
Quality Assurance Built
We build checking into your own process, because work performed for others should be verifiable rather than merely completed.
Fund Administrators We Support
We support fund administration businesses in every single province right across the whole of Canada today, alongside foreign administrators servicing Canadian managers or funds that have Canadian investors directly involved.
What Our Clients Say
Canadian financial firms trust ABM Global Compliance to navigate complex regulation with clarity and care. From MSB licensing to ongoing AML support, our clients value our responsiveness, expertise, and genuine commitment to their long-term compliance success.
Let's Talk About Your Compliance Needs
Schedule a Free Consultation
Whether you’re starting a new MSB or need ongoing AML support, our team responds within one business day.
Fund Administration Questions
Clear and direct answers to the questions fund administrators ask most about performing regulated work on behalf of fund managers.
Do we hold the obligation?
Generally not. The manager retains it, while you perform tasks under an arrangement that should be documented very precisely.
What should our agreements specify?
Exactly what you perform, the standard applied, what records you retain, and how the manager obtains those records promptly.
A manager requested old records
They are entitled to them, since they must produce identification evidence. Access arrangements should make that straightforward rather than difficult.
Standards were never properly agreed
That is worth fixing quickly, because a manager assuming one standard while you applied another leaves both parties exposed.
Are we a reporting entity?
That depends entirely on your own activities. Administration alone frequently sits outside the definition, though we assess this specifically.