AML Compliance Services in Moncton
You can outsource the work but you can never outsource the responsibility. We help Moncton businesses that process transactions for others understand exactly where their duties begin and where their clients duties remain.
Outsourcing, Reliance and Where Responsibility Sits
Moncton has become Atlantic Canada’s centre for contact centres, shared services, and back office processing. A great deal of work performed here is done on behalf of businesses located somewhere else entirely, including customer onboarding, transaction processing, and record handling. That arrangement raises a question the rules answer very clearly and many businesses still get wrong.
Under Canadian anti money laundering law a reporting entity can rely on another party to carry out certain tasks, but it cannot transfer the obligation itself. The duty stays with the regulated business regardless of who physically does the work. For firms in Moncton providing those services, and for clients relying on them, that distinction determines who answers to FINTRAC when something goes wrong.
Outsourcing and Compliance Support in Moncton
We deliver third party reliance assessments, service provider agreement reviews, FINTRAC registration, anti money laundering program development, oversight and monitoring frameworks, independent effectiveness reviews, and staff training for businesses right across the whole of Moncton.
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 Moncton Businesses Choose Us
We work through outsourcing arrangements very carefully indeed, because the line between performing a task and holding the obligation is exactly where businesses discover they assumed somebody else was responsible.
Responsibility Made Clear
We establish precisely who holds each obligation, because reliance arrangements often leave both parties assuming the other is covering it.
Oversight Built In
We build the monitoring that reliance requires, since delegating a task means you must still supervise how it gets done.
Agreements Properly Reviewed
We check that service agreements actually reflect the compliance duties involved, rather than leaving them silently unassigned.
Records Kept Properly
We make sure records created by a service provider remain accessible to you, because you must produce them when asked.
Businesses We Support in Moncton
We support outsourced service providers, payment processors, money services businesses, currency dealers, transport operators, and many of the other reporting entities that genuinely operate right across the whole of Moncton.
Banks operate under some of Canada’s closest supervision, prudentially through OSFI and for financial crime through FINTRAC. We help banks and federally regulated institutions strengthen compliance, governance, and controls, and meet the evolving supervisory expectations that come with holding a banking licence.
Federally regulated financial institutions carry broad obligations across governance, risk, and anti money laundering. We help them build frameworks that hold up under genuine examination, strengthen internal controls, and demonstrate to regulators that compliance is genuinely embedded rather than merely documented on paper.
Credit unions serve their members while carrying real anti money laundering and reporting obligations under Canadian law. We help them build proportionate compliance programs, run risk assessments, and meet FINTRAC requirements without losing the community focus that sets them apart.
Money services businesses face some of the closest scrutiny of any reporting entity. We handle FINTRAC registration, program development, and independent reviews, so currency dealers, transfer businesses, and other MSBs meet their obligations properly and keep their registration in good standing.
Foreign money services businesses serving Canadian customers must register with FINTRAC and meet the same obligations as domestic ones. We help overseas operators register correctly, build compliant programs, and navigate Canadian requirements from wherever they happen to be based around the world.
Foreign exchange businesses handling currency conversion are reporting entities with clear anti money laundering duties under Canadian law. We build the registration, monitoring, and reporting frameworks these businesses need, so currency dealing meets FINTRAC expectations without slowing down legitimate customer activity.
Remittance businesses move money across borders, which puts transaction monitoring and reporting at the centre of their obligations. We build practical compliance programs that catch what matters, satisfy FINTRAC, and keep transfers flowing without unnecessary friction for genuine customers.
Payment service providers now sit under Bank of Canada oversight through the Retail Payment Activities Act, alongside their FINTRAC duties. We help PSPs register, build operational and risk frameworks, and meet both sets of obligations as this newer regime continues to take shape.
Payment processors handle volume that makes strong controls essential and regulatory attention likely. We help them meet registration and reporting obligations, build transaction monitoring that scales, and manage the operational risk that comes with sitting in the middle of large payment flows.
Digital wallet providers hold and move value in ways that trigger real compliance obligations under Canadian rules. We help them map exactly which requirements apply, build the monitoring and reporting they need, and manage risk across a fast changing and closely watched product area.
Corporate firms often carry compliance obligations they never expected, particularly once they handle payments, currency, or cross border activity. We assess exactly what applies, then build programs that meet the requirements without overwhelming teams that have a business to run.
Listed firms carry governance, disclosure, and financial crime obligations alongside heightened public and regulatory scrutiny. We help them strengthen governance frameworks, assess and manage risk across the enterprise, and demonstrate the oversight and accountability that markets and regulators genuinely expect from a public company.
Fintech companies move fast, and compliance obligations often arrive sooner than founders expect. We help them work out exactly which requirements apply, build proportionate programs that scale with growth, and satisfy FINTRAC and other regulators without slowing the product down unnecessarily.
Businesses issuing electronic money or stored value carry obligations tied to the payment and transfer activity they perform, even without a standalone licence in Canada. We map exactly which requirements apply and build governance and monitoring that reflect sound practice and regulatory expectations.
Virtual asset service providers are regulated as money services businesses in Canada, with full FINTRAC registration and reporting duties. We help crypto exchanges and wallet providers register, monitor transactions, and build the controls this fast moving and closely watched sector genuinely demands.
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.
Outsourcing Compliance Questions
Clear answers to the questions Moncton businesses ask most about outsourcing, reliance, and where Canadian anti money laundering responsibility actually sits.
Can we outsource our obligations?
You can outsource the tasks, never the responsibility. The obligation stays with the reporting entity regardless of who performs the work.
Who actually answers to FINTRAC?
The reporting entity does. A service provider carrying out work on your behalf does not absorb your regulatory responsibility for it.
What oversight do we need?
Enough to know the work is being done correctly, documented, and capable of being evidenced if a regulator asks you about it.
Should our agreements cover compliance?
Yes. Service agreements should state clearly what the provider does, what records they keep, and how you access those records.
Do you cover the wider province?
Yes. We support businesses across Moncton and throughout New Brunswick, including Dieppe, Riverview, Shediac, and Sackville.