PSP Risk Assessment Services for Payment Providers
You cannot properly size your own controls until you first understand your risk. We help payment service providers assess the money laundering and terrorist financing risks their business actually carries in Canada.
Know the Risk Before You Control It
A payment service provider faces risk from its products, its customers, the channels it uses, and the places it operates. A proper risk assessment identifies and rates all of that, so you understand where your real exposure sits. We help you build a clear, documented view of your money laundering and terrorist financing risk.
From Risk to Right-Sized Controls
A risk assessment is only useful if it drives what you do next. Once your risks are identified and rated, your controls should match them, stronger where risk is high and lighter where it is low. We help you turn your assessment into a proportionate control framework, so your compliance effort lands where the real risk is rather than being spread thin.
Risk Identification
We identify the money laundering risks across your products, customers, and channels.
Risk Rating
We rate each risk you face, so you know where exposure is highest.
Documented Assessment
We produce the clear, documented risk assessment the regime expects you to hold.
Control Alignment
We help you match your controls to the risks your assessment identifies.
Ready to Simplify Your Compliance?
Providers We Support and Guide
We support payment processors, merchant acquirers, payment gateways, money services businesses, remittance firms, and the many other payment providers assessing their money laundering and terrorist financing risk 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 Assessment
Genuinely Thorough
We assess risk across every part of your business, so nothing that carries real exposure is quietly left out.
Clearly Documented
We produce a risk assessment you can show and defend, so it stands up under regulator scrutiny.
Control Ready
We link your risk to your controls, so the assessment actually shapes how you run compliance day to day.
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 assessing their Canadian risk 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.
PSP Risk Assessment Questions
Clear answers to the questions payment providers ask most about assessing their money laundering and terrorist financing risk in Canada.
What is a PSP risk assessment?
It is a structured review that identifies and rates the money laundering and terrorist financing risks your payment business faces.
Is a risk assessment required?
Yes. A documented risk assessment is a core requirement of the Canadian regime and underpins the rest of your compliance program.
What does the assessment cover?
Your products, customers, delivery channels, and geographies, rating the money laundering and terrorist financing risk each of these brings to your business.
How does this differ from compliance assessment?
A risk assessment sizes your risk. A compliance assessment tests whether your existing program is working, so the two serve different purposes.
How often should we reassess risk?
Regularly, and whenever your business changes materially, such as new products, markets, or customers that shift your risk profile.