Business Wide Risk Assessment for Financial Businesses
A business wide risk assessment is the foundation Canadian regulators expect every regulated business to have, and to keep current. We build and refresh the BWRA that anchors your whole compliance program across Canada.
The BWRA at the Heart of Compliance
Your business wide risk assessment, or BWRA, is the documented judgement of where money laundering and terrorist financing risk sits across everything you do. It is a program pillar, not a formality. Every control and diligence decision should trace back to it. We build a BWRA that reflects your business and stands up to scrutiny.
A Living Assessment, Not a One Off
A BWRA is never truly finished, because your business keeps changing. New products, new markets, and new customer types all shift your risk, and an assessment that is out of date is worse than none. We build your business wide assessment across products, customers, geography, and channels, and we help you keep it current, so it stays a live and defensible picture.
Build BWRA
We build your documented business wide risk assessment fully from scratch.
Four Factors
We assess all your products, customers, geography, and delivery channels together.
Keep Current
We help you refresh the assessment as your own business changes.
Defensible Output
We produce a rating that stands up to real regulatory scrutiny.
Ready to Simplify Your Compliance?
Businesses We Assess and Support
We assess payment service providers, money services businesses, currency dealers, crypto businesses, and many of the other financial businesses that need a documented business wide risk assessment 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 BWRA
Genuinely Tailored
We build the assessment around your actual business, so it reflects the real risk you carry, not a generic template.
Kept Current
We help you refresh the BWRA as things change, so it never quietly drifts out of date.
Regulator Ready
We document it the way a regulator expects, so your assessment holds up as the foundation of your program.
Serving Businesses Across Canada
We assess businesses right across the whole of Canada, from Toronto and Montreal to Vancouver and Calgary, and foreign businesses meeting their Canadian risk assessment duties 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.
BWRA Common Questions
Clear answers to the questions businesses ask most about building and maintaining a business wide risk assessment right across Canada.
What is a business wide risk assessment?
It is the documented, firm wide assessment of money laundering and terrorist financing risk that underpins your entire compliance program.
What does a BWRA cover?
Your products and services, customers and relationships, the geographies you touch, and your delivery channels, brought into one documented view.
Is a BWRA actually required?
Yes. A documented risk assessment is one of the core pillars of a compliant AML program under Canadian regulation.
Same as enterprise risk assessment?
Yes, business wide and enterprise wide risk assessment are the same firm wide exercise. Different names for one documented assessment.
How often must it be refreshed?
Whenever your business changes materially, new products, markets, or customers, and reviewed regularly so it stays current and accurate.