Product Risk Assessment for Financial Businesses
Some products carry far more money laundering risk than others, and knowing which is where sound compliance starts. We assess the ML and TF risk in your products so you understand each one before it exposes you across Canada.
Knowing the Risk in Each Product
Every product and service you offer carries its own inherent money laundering risk, shaped by how it works. A fast, anonymous, cross border product is a very different risk to a slow, transparent, domestic one. We assess each product against the features that drive risk, so you know exactly where your exposure concentrates.
Assessing Before Risk Bites
The best time to assess a product is before it launches, not after a problem. We assess the money laundering risk in each product across the features that matter, speed of movement, anonymity, cash intensity, cross border reach, and third party access, then rate its inherent risk. That lets you design controls in from the start, and reassess whenever the product changes.
Assess Products
We assess the money laundering risk in each single product line.
Risk Features
We rate speed, anonymity, cash, cross border, and third party access.
Before Launch
We assess new products before they launch and expose you fully.
Shape Controls
We link product risk to the controls it should really drive.
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Businesses We Support and Guide
We assess products for payment service providers, money services businesses, currency dealers, crypto businesses, and many of the other financial businesses that need sound product 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 Assessment
Feature Based
We assess the features that actually drive risk, so a rating reflects how a product works, not just its label.
Before Launch
We assess products before they go live, so risk is designed for from the start rather than patched afterwards.
Drives Controls
We tie product risk to controls, so the riskiest products get the tightest handling instead of uniform treatment.
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 product risk 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.
Product Risk Questions
Clear answers to the questions businesses ask most about assessing the money laundering risk in their products right across Canada.
What is a product risk assessment?
It is the assessment of money laundering risk in a specific product or service, based on the features that make it more or less risky.
What makes a product higher risk?
Features like speed, anonymity, cash intensity, cross border reach, and third party access all tend to raise a product’s inherent risk.
When should a product be assessed?
Ideally before launch, and again whenever the product changes materially, so risk is understood early rather than discovered after a problem.
How does this differ from customer assessment?
This rates the risk in a product. Customer risk assessment rates the risk in a customer. Both feed your wider risk picture.
Do you assess specific sectors too?
Yes. This is the general method, and we also run specific assessments for lines like payment services and crypto products.