AML Compliance Services for Financial Services Businesses
Canadian anti money laundering law follows what a business does rather than what it calls itself. We establish exactly which obligations reach your operations, then build a program that satisfies them properly.
- FINTRAC Registered
- Cross-Border Expertise
- Audit Ready
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Obligations Follow Activity Not Business Labels
The Proceeds of Crime Money Laundering and Terrorist Financing Act does not regulate an industry called financial services. It regulates defined activities, and it lists the categories of business that perform them. A firm becomes a reporting entity because of what it actually does with money, which is why two businesses describing themselves identically can carry very different obligations from one another.
That matters because most financial services businesses sit across several categories at once. A firm might exchange currency, transfer funds, and offer a payment product, each triggering different registration and reporting duties. Working out which apply, and which genuinely do not, is the first piece of work rather than an afterthought once a program has already been built around the wrong assumptions.
Compliance Support for Financial Businesses
We deliver reporting entity determinations, FINTRAC and Bank of Canada registration, program development, risk assessments, transaction monitoring, sanctions screening, independent effectiveness reviews, examination support, and outsourced compliance officer cover for financial services 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 Financial Businesses Choose Us
We work in the Canadian regime every day rather than adapting frameworks written elsewhere, which matters when your obligations depend on distinctions the legislation draws carefully and supervisors examine closely.
Category Correctly Established
We determine which reporting entity categories genuinely capture your activities, because that decision shapes every obligation that follows.
Multiple Categories Handled
We build single programs covering businesses that fall into several categories, rather than running separate frameworks that overlap awkwardly.
Canadian Regime Specifically
We work in Canadian requirements daily, so advice reflects FINTRAC expectations rather than borrowed thinking from other jurisdictions.
Examination Ready Throughout
We document reasoning as we build, so your decisions can be explained to a supervisor rather than merely defended.
Financial Businesses We Support Nationwide
We support financial services businesses right across the whole of Canada, from Toronto and Montreal to Vancouver and Calgary, and foreign firms carrying Canadian obligations wherever they happen to be based.
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.
Financial Services Questions
Clear answers to the questions financial services businesses ask most about which Canadian anti money laundering obligations genuinely apply to them.
Are we a reporting entity?
That depends entirely on your activities. The legislation lists defined categories, and we assess your operations against each of them.
We fall into several categories
That is common and manageable. One properly built program can cover overlapping obligations without duplicating work across separate frameworks.
What does a program require?
An appointed compliance officer, written policies, a documented risk assessment, ongoing training, and a biennial independent effectiveness review.
How often is review required?
Canada requires an independent effectiveness review every two years, which is a separate exercise from any audit you commission voluntarily.
Do foreign firms have obligations?
Frequently yes. Serving Canadian customers can create obligations here regardless of where your business happens to be located.