Sanctions Compliance Audit Services for Reporting Entities
Having sanctions controls is not the same as knowing they work. We audit your sanctions framework end to end, testing whether it genuinely catches risk and finding the gaps before a regulator does.
Testing Whether Your Controls Actually Work
A sanctions program can look complete on paper and still fail in practice. Lists go out of date, matching misses real hits, and alerts pile up unresolved. A sanctions compliance audit tests the framework as it truly operates, checking whether your screening, monitoring, and response would stand up when it matters.
Finding Gaps Before the Regulator Does
The point of an audit is to surface problems while you can still fix them. We review your screening coverage, test how matches are handled, check that lists are updated promptly, and confirm your freeze and report response is ready. Then we set out clear findings and practical fixes, so weaknesses are closed on your terms rather than exposed in an examination.
Screening Testing
We test whether your screening catches real matches across the right lists.
Alert Review
We sample alerts and dispositions to check matches are handled correctly and documented.
List Currency
We verify that sanctions lists are updated promptly and screened against reliably.
Gap Findings
We set out clear findings and practical fixes for every weakness we find.
Ready to Simplify Your Compliance?
Businesses We Support With Audits
We audit sanctions compliance for money services businesses, payment service providers, cryptocurrency platforms, currency exchanges, real estate firms, and the many other reporting entities testing their sanctions controls 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 Audit
Genuinely Tested
We test your controls as they really operate, so you learn whether your sanctions framework truly works, not merely exists.
Gaps Surfaced
We find the weaknesses in your screening and response, so they are fixed before an examiner uncovers them.
Practical Fixes
We give clear, actionable findings, so every gap comes with a concrete way to close it.
Serving Businesses Across Canada
We deliver sanctions compliance audits 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.
Sanctions Audit Questions
Clear answers to the questions Canadian businesses ask most about auditing their sanctions controls and screening under the PCMLTFA and FINTRAC.
What is a sanctions compliance audit?
An independent test of your sanctions controls, checking whether your screening, monitoring, and response actually catch and handle sanctions risk.
How does this differ from risk assessment?
A risk assessment sizes the controls you need. An audit tests whether the controls you already have are working as intended.
What does the audit examine?
Screening coverage, match handling, list updates, alert dispositions, and freeze and report readiness, tested against how they should operate.
How does it differ from AML audit?
An AML audit reviews your whole program. A sanctions compliance audit focuses specifically on your sanctions screening and response controls.
What do we get from the audit?
Clear findings on where your sanctions controls fall short, with practical recommendations to close each gap before an examination.