AML Compliance Services in Markham
Technology businesses that move money often fall under Canadian reporting rules without ever expecting to. We help firms right across Markham establish exactly what applies to them and build compliance that genuinely fits.
Technology, Payments and Cross Border Flow
Markham holds one of the densest technology clusters in the country, and that shapes the compliance picture in a specific way. Payment platforms, financial technology firms, and software businesses handling money on behalf of others frequently discover that Canadian anti money laundering law applies to them, often later than it should. Moving funds can place a business inside the reporting regime.
The city also carries strong business and community ties across East Asia, supporting a genuine currency exchange and money transfer sector with real cross border volume. Those flows raise jurisdictional questions that domestic only businesses never face, and they need to be assessed and documented properly rather than assumed to be routine. We work with businesses throughout Markham and can meet in person whenever that helps.
Compliance Support Across Markham
We deliver obligation assessments, FINTRAC registration, anti money laundering program development, risk assessments, transaction monitoring, independent effectiveness reviews, reporting support, and staff training for businesses operating right across the whole of Markham.
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 Markham Businesses Choose Us
We work regularly with technology and payment businesses, so newer models get real compliance thinking built around how they genuinely operate rather than borrowed templates written for traditional banking institutions.
Built For Technology
We understand platforms and payment products properly, so obligations are matched to how your technology actually handles customer money.
Cross Border Assessed
We assess international corridors properly, so jurisdictional risk is documented rather than treated as ordinary domestic activity.
Scope Confirmed Early
We establish which obligations genuinely apply before building anything, which matters most for businesses unsure whether they qualify.
Ready To Scale
We build compliance that grows with you, so a program suiting you now still works at far higher volumes.
Businesses We Support in Markham
We support payment service providers, money services businesses, currency dealers, financial technology firms, crypto businesses, and many of the other reporting entities that genuinely operate right across the whole city.
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.
Markham Compliance Questions
Clear answers to the questions Markham businesses ask most about whether Canadian anti money laundering obligations genuinely apply to them.
Does our platform need registering?
It depends on what it actually does. Moving or holding funds for customers commonly triggers registration, and we confirm precisely what applies.
We are a technology company
How you describe yourself does not decide it. Obligations follow the activity, so handling customer money can bring you into scope.
Can you handle cross border flows?
Yes. We assess jurisdictional risk properly and build controls around international corridors rather than treating every payment as domestic.
Are the rules different here?
No. Obligations are federal under the PCMLTFA and supervised by FINTRAC, applying identically across every Canadian city and province.
Can you meet us in person?
Yes. We are close enough that meeting your team face to face is straightforward whenever a conversation would benefit from it.