Compliance Risk Assessment for Financial Businesses
The real question is not just whether you have policies, but where you might fail to meet an obligation. We assess your compliance risk so the gaps between what regulation requires and what you actually do are found across Canada.
The Risk of Falling Short Somewhere
Compliance risk is the risk of failing to meet your regulatory obligations. Every requirement you carry, registration, reporting, customer checks, recordkeeping, training, governance, is a place you could fall short without realising it. We assess your obligations against what your business does, so the gaps that draw regulatory action are closed early.
Mapping Obligations to Reality
A compliance risk assessment starts from what the rules require and asks how likely you are to meet each one. We map your regulatory obligations across registration, reporting, customer due diligence, recordkeeping, training, and governance, then judge where you are strong and where exposed. That gives a clear picture of your compliance risk.
Map Obligations
We map the regulatory obligations your business actually has to meet.
Find Gaps
We find the gaps between what is required and actually done.
Rate Risk
We rate where you are most likely to fall short here.
Close Gaps
We help you close the gaps that carry the most risk.
Ready to Simplify Your Compliance?
Businesses We Support and Guide
We assess compliance risk for payment service providers, money services businesses, currency dealers, crypto businesses, and many of the other financial businesses that carry real regulatory obligations 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 Assessment
Obligation Led
We start from your actual regulatory obligations, so the assessment measures real requirements rather than a generic checklist.
Gap Focused
We look for the distance between what is required and done, because that gap is where compliance risk lives.
Forward Looking
We judge where you are likely to fail next, so problems are closed before they turn into findings or enforcement.
Serving Businesses Across Canada
We support businesses right across the whole of Canada, from Toronto and Montreal to Vancouver and Calgary, and foreign businesses meeting their Canadian compliance obligations 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.
Compliance Risk Questions
Clear answers to the questions businesses ask most about assessing the risk of failing to meet compliance obligations in Canada.
What is a compliance risk assessment?
It is the assessment of your risk of failing to meet regulatory obligations, the gap between what the rules require and what you do.
Which obligations does it cover?
Typically registration, reporting, customer due diligence, recordkeeping, training, and governance, the full set of duties your business carries.
Why assess compliance risk at all?
Because gaps you cannot see become the findings an examiner makes. Assessing risk lets you close them on your own terms first.
How does this differ from risk assessment?
The money laundering assessment rates how you could be used to launder. This rates how you could fail to meet an obligation.
Is this the same as an audit?
No. An audit tests whether controls work now. This judges the forward looking risk of failing to meet your obligations.