Enterprise Wide Risk Assessment for Financial Groups
An enterprise wide risk assessment rolls the whole of your operation, every entity, line, and market, into one documented view of money laundering and terrorist financing risk. We build the EWRA that anchors group wide compliance across Canada.
One Assessment Across the Whole Enterprise
For a group or a multi line business, risk cannot be judged one silo at a time. An enterprise wide risk assessment, or EWRA, pulls every entity, product line, and market into a single documented judgement of where money laundering risk concentrates. We build an EWRA that sees the whole enterprise at once.
Rolling Every Part Into One View
An enterprise wide assessment has to reconcile many moving parts into one coherent picture. We assess risk across your products and services, your customers and relationships, the geographies you operate in, and your delivery channels, then roll them up across every entity and line into a single enterprise rating. That consolidated view is what a regulator expects of a group.
Enterprise View
We assess risk right across your entire enterprise in one view.
Four Factors
We cover products, customers, geography, and delivery channels across all entities.
Group Rollup
We roll individual entity risk up into one enterprise wide rating.
Board Visibility
We give your senior management a clear enterprise wide risk picture.
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Businesses We Assess and Support
We assess payment service providers, money services businesses, currency dealers, crypto businesses, and the many other financial businesses and groups that need a documented enterprise 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 Groups Choose Our EWRA
Whole Enterprise
We assess every entity and line in one view, so group risk is never lost between separate units.
Properly Consolidated
We roll entity level risk into one coherent enterprise rating, not a stack of disconnected assessments sitting side by side.
Regulator Ready
We document it the way a regulator expects of a group, so it holds up as your enterprise foundation.
Serving Businesses Across Canada
We assess businesses and groups right across Canada, from Toronto and Montreal to Vancouver and Calgary, and foreign groups meeting their Canadian risk assessment duties 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.
EWRA Common Questions
Clear answers to the questions groups ask most about building a documented enterprise wide risk assessment right across the whole of Canada.
What is an enterprise wide risk assessment?
It is one documented assessment of money laundering and terrorist financing risk across your whole enterprise, rolling every entity and line into a single view.
What does an EWRA cover?
Your products and services, customers and relationships, the geographies you operate in, and your delivery channels, consolidated across every entity.
Is an EWRA actually required?
Yes. A documented risk assessment is one of the core pillars of a compliant AML program under Canadian regulation.
Same as business wide risk assessment?
Yes. Enterprise wide, business wide, and enterprise risk assessment all name the same firm wide documented exercise, just under different labels.
How is a group assessment different?
The core exercise is the same, but a group rolls several entities into one consolidated enterprise view rather than assessing a single business.