PSP AML Program Development for Payment Providers
A payment provider really needs an AML program built for how it actually moves money about. We help payment service providers develop a complete program shaped around their payment activity in Canada.
An AML Program Built for Payments
A generic AML program does not fit a payment business well. Your risks come from payment functions, processed flows, and the customers and merchants you serve, so your program has to be built around that. We develop an AML program shaped to how your payment business actually works, not a template borrowed from somewhere else.
Every Pillar, Payment Ready
A complete program rests on the core pillars the regime requires. You need an appointed compliance officer, written policies and procedures, a documented risk assessment, ongoing training, and an independent review. We build each of these for your payment business, so every pillar reflects your payment activity and stands up when a regulator examines how your program is run in practice.
Program Design
We design a complete AML program shaped around your payment business.
Policies Procedures
We write the policies and procedures your payment activity actually requires.
Officer Appointment
We help you appoint and support the compliance officer your program needs.
Training Review
We build the training and independent review the regime expects you to hold.
Ready to Simplify Your Compliance?
Providers We Support and Guide
We support payment processors, merchant acquirers, payment gateways, money services businesses, currency dealers, and the many other payment providers developing an AML program for their payment activity 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 Providers Choose Our Program
Payment Shaped
We build your program around your payment activity, so it fits how you move money rather than a generic template.
Fully Complete
We cover every pillar the regime requires, so your program has no gaps when a regulator examines it.
Lasting Build
We build a program that works in practice, so it holds up as your payment business grows and changes.
Serving Providers Across Canada
We support payment providers right across the whole of Canada, from Toronto and Montreal to Vancouver and Calgary, and foreign providers building a Canadian AML program wherever they are 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.
PSP AML Program Questions
Clear answers to the questions payment providers ask most about developing an AML program for their payment business in Canada.
What is a PSP AML program?
It is the full set of policies, controls, and pillars a payment provider must hold to meet its Canadian anti-money laundering obligations.
What pillars must the program include?
An appointed compliance officer, written policies and procedures, a risk assessment, ongoing training, and an independent effectiveness review of the program.
Why tailor a program to a provider?
Because your risks come from payment activity. A program built around processed flows and payment functions fits far better than a generic one.
How does this differ from general development?
This is scoped to payment providers specifically, built around payment risk, rather than the general program development we offer other reporting entities.
Do you appoint our compliance officer?
We help you appoint and support one, and can act in an outsourced capacity where you need the role covered externally.