Compliance Monitoring and Testing for Financial Businesses
Controls that are never checked quietly drift out of shape. We run ongoing monitoring and testing of your compliance controls, so problems are caught early rather than at your next audit in Canada.
Catch Control Problems Nice and Early
Compliance controls do not stay effective on their own. They slip, staff change, and gaps open unnoticed. Ongoing monitoring and testing catches that drift between audits, while it is still small. We test your controls on a regular basis, sample your compliance in action, and flag weaknesses early, so issues are fixed before they grow.
Continuous, Not Once a Year
An annual audit is a snapshot. A lot can go wrong in the months between. We provide continuous monitoring and testing that runs throughout the year, checking your controls are working when it matters rather than only at review time. You get ongoing assurance that your compliance is holding up, with problems surfaced as they arise instead of building up unseen.
Control Testing
We test your compliance controls regularly to confirm they still work.
Ongoing Monitoring
We monitor your compliance in action right across the whole year.
Sample Checks
We sample your records and processes to catch any weaknesses early.
Issue Flagging
We flag problems as they arise, so they are fixed quickly.
Ready to Simplify Your Compliance?
Businesses We Support and Guide
We support payment service providers, money services businesses, currency dealers, crypto businesses, and the other financial businesses that need ongoing monitoring and testing of their compliance controls 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 Testing
Early Warning
We catch control problems while they are small, so they never grow into the serious findings an audit would raise.
All Year
We test continuously rather than once a year, so controls are checked when it matters, not only at review time.
Genuinely Independent
We test from outside your daily operations, so the checking is objective rather than marking your own homework.
Serving Businesses Across Canada
We support businesses right across the whole of Canada, from Toronto and Montreal to Vancouver and Calgary, and foreign businesses monitoring 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.
Monitoring and Testing Questions
Clear answers to the questions businesses ask most about ongoing monitoring and testing of their compliance controls right across Canada.
What is compliance monitoring and testing?
It is the ongoing checking of your compliance controls to confirm they are working, catching weaknesses between your periodic audits.
How often does testing happen?
Continuously, on a regular schedule through the year, rather than as a single point in time review like an annual audit.
How is this different from transaction monitoring?
Transaction monitoring watches customer transactions for suspicious activity. This tests whether your compliance controls themselves are actually working.
How does this differ from an audit?
An audit is a point in time review. Monitoring and testing runs continuously, catching problems throughout the year rather than once.
What do we get from it?
Ongoing assurance your controls are working, with weaknesses flagged early and the chance to fix them before they become findings.