Customer Risk Assessment for Reporting Entities
You cannot apply the right due diligence until you know how risky a customer is. We build the customer risk assessment that rates every customer and decides the level of scrutiny they receive.
Every Customer Carries a Different Risk
Not all customers are equal. Some are straightforward; others carry real money laundering risk. A customer risk assessment rates each one using consistent factors, so the level of due diligence you apply matches the risk they actually present, rather than treating everyone the same or judging by instinct.
The Rating That Drives Everything Else
A customer’s risk rating is not paperwork; it is the decision that shapes the whole relationship. A low rating means standard due diligence. A high rating triggers enhanced measures, closer monitoring, and senior approval. We build the rating engine that turns risk factors into a clear, defensible score, so every downstream control follows from it automatically.
Risk Factors
We define the factors that shape each customer's risk, from geography to product.
Risk Scoring
We build the method that combines those factors into a consistent risk rating.
Rating Tiers
We set the tiers that decide standard, enhanced, or declined onboarding for each customer.
Rating Refresh
We keep each rating current as the customer's behaviour and profile change.
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Businesses We Support With Risk Rating
We build customer risk assessment for money services businesses, payment providers, cryptocurrency platforms, currency exchanges, real estate firms, and the many other reporting entities applying a risk-based approach under the PCMLTFA.
We support banks with program design, oversight, & regulatory examination readiness.
We help credit unions meet obligations proportionate to their membership and scale.
We handle registration, renewals, reporting, & controls FINTRAC expects from you.
We cover Bank of Canada registration alongside your anti money laundering obligations.
We establish what your wallet activity triggers, then build only what applies.
We build compliance around what your product does, before volumes and questions arrive.
We register virtual currency dealers and build the reporting their activity demands.
We support financial institutions across registration, program build, and reporting duties.
Why Businesses Choose Our Approach
Consistently Applied
We build a repeatable method, so two similar customers get the same rating regardless of who assesses them.
Genuinely Risk-Based
We match scrutiny to real risk, so effort goes where it matters and low-risk customers are not over-checked.
Fully Defensible
We document why each customer holds their rating, so your risk decisions stand up under examination.
Serving Businesses Across Canada
We deliver customer risk assessment right across the whole of Canada, from Toronto and Montreal to Vancouver and Calgary, and for foreign reporting entities carrying Canadian obligations wherever they operate.
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.
Customer Risk Assessment Questions
Clear answers to the questions Canadian businesses ask most about rating customer risk and applying a risk-based approach under the PCMLTFA.
What is a customer risk assessment?
A structured way of rating each customer’s money laundering risk using consistent factors, so due diligence matches the risk they present.
What factors affect customer risk?
Typically who the customer is, their geography, the products they use, and their transaction behaviour, combined into an overall rating.
How does rating relate to due diligence?
The rating decides the level. A low rating means standard due diligence; a high rating triggers enhanced measures and closer monitoring.
Is this our business risk assessment?
No. This rates individual customers. A business-wide risk assessment evaluates the money laundering risk facing your whole organisation.
How often should ratings be reviewed?
Ratings should be refreshed as a customer’s behaviour or circumstances change, and reviewed periodically based on their risk level.