Risk Management Services for Canadian Businesses
Your risk assessment drives everything else in your compliance program. We build the ML and TF risk assessment FINTRAC requires, then design the controls that mitigate what we find, tailored to your business.
The Risk Assessment Behind Every Compliance Program
Every reporting entity must assess its money laundering and terrorist financing risks under the PCMLTFA. FINTRAC does not prescribe how, which is precisely why so many businesses get it wrong. We build yours around your products, delivery channels, geographies, and clients, documented the way examiners expect.
A Risk-Based Approach That Works
Identifying risk is only the beginning. We rate your inherent risk, design mitigation measures proportionate to what we find, then measure the residual risk that remains against your stated risk tolerance. Where residual risk sits too high, we strengthen the controls until it does not, and we document every step of the reasoning.
Risk Assessment
We build your documented ML and TF risk assessment across all required risk factors.
Risk Rating
We develop the risk matrix and methodology that rates clients, products, and geographies.
Mitigation Controls
We design controls proportionate to your risks, including enhanced measures for high-risk clients.
Periodic Review
We update your assessment as your business, products, and the regulations change.
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Businesses We Help Assess
We assess risk for money services businesses, payment service providers, fintechs, cryptocurrency platforms, real estate firms, and other reporting entities. Every assessment reflects the actual products you offer and the clients you serve.
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 Risk Consultants
Properly Grounded
We build your assessment on the National Risk Assessment, which FINTRAC expects reporting entities to use as foundational input.
Defensible Method
Our methodology is documented and repeatable, so you can explain to an examiner exactly how each rating was reached.
Genuinely Tailored
A generic template rates every business the same way, which is exactly what examiners look for and immediately distrust.
Serving Businesses Across Canada
We provide risk management consulting nationwide, from Toronto and Montreal to Vancouver and Calgary, and we also support foreign reporting entities that serve Canadian clients, 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.
Risk Management Questions
Clear answers to the questions Canadian businesses ask most about ML and TF risk assessments, risk-based approaches, and the mitigation controls FINTRAC expects.
Is a risk assessment legally required?
Yes. The PCMLTFA requires every reporting entity to conduct and document an assessment of its money laundering and terrorist financing risks.
What must the risk assessment cover?
Your products and services, the delivery channels you use, the geographies you operate in, your clients and business relationships, and other relevant factors.
How often must it be reviewed?
At least every two years as part of your effectiveness review, and sooner whenever you launch new products or your business model changes materially.
What exactly is residual risk?
The risk that remains after your controls are applied. FINTRAC expects residual risk to sit within your stated risk tolerance, otherwise your controls need strengthening.
Can we use a risk assessment template?
Templates rarely satisfy examiners. FINTRAC expects the assessment to reflect your specific business, and generic ratings are a common source of findings.