Ongoing Sanctions Monitoring for Reporting Entities
A customer who was clear yesterday can be sanctioned today. We build the ongoing sanctions monitoring that keeps checking your existing customers as lists change, so a new designation never goes unnoticed.
Screening Once Is Simply Never Enough
Sanctions lists change constantly, and so do your customers. Someone clean at onboarding can later be designated, and a listing can be added long after an account opens. Screening only at the start leaves you exposed. Ongoing monitoring keeps your customer base checked against the lists as they update.
Catching the Change That Matters
When a list is updated, your whole customer base has to be measured against it again. We build rescreening that runs as designations are added or lifted, so a customer who becomes newly listed is caught quickly rather than months later. And when a previously clear customer turns into a match, we build the freeze and report response that a confirmed sanctions hit demands.
List Monitoring
We track sanctions list updates, so new designations reach your screening quickly.
Customer Rescreening
We rescreen your existing customers whenever the underlying sanctions lists change.
Change Alerts
We flag when a previously clear customer becomes a new sanctions match.
Freeze Response
We build the freeze and report action a confirmed new match requires.
Ready to Simplify Your Compliance?
Businesses We Support With Monitoring
We build ongoing sanctions monitoring for money services businesses, payment service providers, cryptocurrency platforms, currency exchanges, real estate firms, and the many other reporting entities keeping customers screened under the PCMLTFA.
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 Monitoring
Always Current
We rescreen as lists change, so your customer base is measured against the latest designations rather than a stale snapshot.
Caught Quickly
We flag a newly listed customer soon after the designation, so a fresh match is caught in good time.
Freeze Ready
We build the freeze and report response ahead of time, so a confirmed new match triggers the right action.
Serving Businesses Across Canada
We deliver ongoing sanctions monitoring right across the whole of Canada, from Toronto and Montreal to Vancouver and Calgary, and for foreign reporting entities carrying Canadian obligations wherever they operate.
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.
Ongoing Monitoring Questions
Clear answers to the questions Canadian businesses ask most about monitoring existing customers against sanctions lists over time under the PCMLTFA.
What is ongoing sanctions monitoring?
Continuously rescreening your existing customers against sanctions lists as those lists change, so a newly designated customer is caught after onboarding.
Why is one-time screening not enough?
Lists and customers change constantly. A customer clear at onboarding can later be designated, and a one-time check would never catch that.
How often should we rescreen?
Rescreening should run whenever relevant sanctions lists are updated, so a new designation is reflected against your customer base quickly.
How does this differ from customer monitoring?
Ongoing customer monitoring tracks the whole relationship and risk. Ongoing sanctions monitoring focuses specifically on sanctions status over time.
What if a customer becomes a match?
A confirmed new sanctions match means you must freeze the relevant property and report it, just as at onboarding.