Anti-Money Laundering Compliance Services (AML)
Protect your assets, reputation, and focus
Ensuring anti-money laundering compliance for your business
Canada’s anti-money laundering (AML) legislation and regulatory guidance are rapidly evolving. Keeping up with rapidly changing standards and expectations can seem like a full-time job, especially as the onus is on you to ensure your AML policies and practices are effective and compliant with industry/regulatory requirements. Penalties for AML compliance deficiencies can be costly and lead to service disruptions and reputational damage.
Our dedicated AML professionals will work with you to build, develop, and maintain an AML compliance program that fits your business — or assist with regular and required compliance reviews. We have developed, evaluated, and remediated hundreds of compliance programs for all sectors to meet regulatory standards and reduce the risk of exposure to money laundering and terrorist financing schemes.
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Is your real estate business ready for an AML examination from FINTRAC?
Is your real estate business ready for an examination from FINTRAC? These steps can help strengthen your AML program and comply with FINTRAC’s regulations.
What’s your challenge?
Understanding compliance obligations
AML legislation and regulatory guidance is evolving constantly — and it is important and time-consuming to keep pace with these changing regulations.
Creating and implementing compliance programs
You need to navigate complex regulatory requirements to ensure your AML compliance program fully meets regulations and mitigates risks to your business.
Testing existing compliance programs
You need assurance/validation that your AML policies and practices meet industry standards and align with federal regulations.
Assessing existing compliance programs
It is necessary to assess your AML program regularly to ensure it meets the standards of regulators and reduces your risk exposure in today’s business environment.
Scrutiny from regulators
Your business needs to ensure it meets the expectations of regulators if an examination occurs to prevent financial penalties and reputational damage.
How we help
Regulatory expertise and insight
Our advisors regularly interact with regulators in policy clarifications and examinations. We use that experience to help you understand where your program stands and get it where it needs to be.
AML program development and evaluation
Our team will help you build, develop, and maintain a comprehensive AML program that fits the specific needs of your business and effectively mitigates risks.
ALM compliance reviews
We can review existing AML policies, practices, and procedures to ensure they meet industry standards and the requirements of regulatory bodies.
Regulatory examination support
Our advisors can help you prepare for and respond to regulatory examinations through readiness reviews and preparation, remediation planning and project execution, and assistance with responses and appeals.
Frequently Asked Questions
AML program development includes creating a risk-based approach to money laundering threats, developing policies and procedures, and providing specialized training. It ensures that an organization's AML measures are comprehensive and compliant with applicable laws and regulations.
Regulatory examination readiness reviews prepare organizations for regulatory inspections by assessing their compliance with AML requirements. This includes reviewing the effectiveness of their AML framework, identifying weaknesses, and helping them implement necessary changes to ensure compliance.
Insights
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Confidence
October 31, 2024
How can the mortgage industry comply with FINTRAC’s anti-money laundering obligations?
FINTRAC expanded its regulatory scope to include the mortgage industry starting on October 11, 2024. How can your business comply with the new AML requirements?
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Confidence
July 30, 2024
Is your real estate business ready for an AML examination from FINTRAC?
Is your real estate business ready for an examination from FINTRAC? These steps can help strengthen your AML program and comply with FINTRAC’s regulations.
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Confidence
Untangling money laundering regulations for Canadian real estate
In an industry that has historically been attractive for criminals and money laundering activity, those in the Canadian real estate market have a responsibility of due diligence to keep themselves and their business safe. While it may seem like a daunting task to ensure your business isn’t being used for criminal activity, federal guidelines exist to ensure compliance and vigilance within real estate.
