Annual Compliance Review for Financial Businesses
Compliance drifts if it is only checked when the law demands it. We give your whole program a thorough review every year, so it stays healthy and current between formal audits in Canada.
Check Your Whole Program Every Year
Waiting years between formal reviews lets problems build up quietly. A yearly review keeps your compliance in good shape. We look over your whole program once a year, your policies, controls, records, and training, and tell you what is working, what has slipped, and what needs attention before it becomes a real issue.
Good Practice, Not Just the Minimum
The formal independent review is required every two years, but a lot can drift in that time. An annual review is good practice that keeps you ahead of it. We give your program a yearly health check between the mandated reviews, so issues are caught and fixed as they arise rather than piling up until the next formal audit comes around.
Program Review
We review your whole compliance program once every single calendar year.
Health Check
We tell you what is working and what has quietly slipped.
Findings Report
We give you a clear report of what needs your attention.
Fix Priorities
We set out what to address first before it becomes a problem.
Ready to Simplify Your Compliance?
Businesses We Support and Guide
We support payment service providers, money services businesses, currency dealers, crypto businesses, and the many other financial businesses keeping their compliance program healthy with a yearly review under Canadian regulation.
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 Review
Stay Ahead
We review yearly rather than waiting for the mandated cycle, so problems are caught long before they grow serious.
Whole Program
We check your entire compliance program, not one part, so nothing important is left unreviewed until an audit.
Clear Actions
We give you a plain list of what to fix, so the review leads to action rather than sitting unused.
Serving Businesses Across Canada
We support businesses right across the whole of Canada, from Toronto and Montreal to Vancouver and Calgary, and foreign businesses reviewing their Canadian compliance wherever they happen to be based.
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.
Annual Review Questions
Clear answers to the questions businesses ask most about a yearly review of their whole compliance program right across Canada.
What is an annual compliance review?
It is a yearly review of your whole compliance program, checking it is healthy and current, and flagging what needs attention.
Is an annual review required?
The formal independent review is required every two years. An annual review is good practice that keeps you ahead between those cycles.
What does the review cover?
Your whole program, the policies, controls, records, and training, checked to confirm each is working and still fit for your business.
How does this differ from independent review?
The independent review is the formal two-year test the regime requires. This is your regular yearly check that keeps you ahead of it.
How often should we do one?
Yearly is good practice, sitting between the mandated two-year independent reviews, so your program never drifts too far unchecked.