Financial Entities
Streamline your compliance operations and meet FINTRAC obligations with tailored solutions designed specifically for vehicle and equipment leasing businesses.
Who Is It For?
Our services help financial sector entities meet their obligations under Canada’s PCMLTFA framework—without the burden of manual workflows or regulatory confusion.
Industry Overview
The financial sector is one of the most heavily regulated under Canada's anti-money laundering (AML) regime. Entities must adhere to strict rules for verifying clients, monitoring transactions, and reporting suspicious or large cash activity.
FINTRAC enforces these obligations, requiring detailed documentation, timely submissions, and a structured compliance program. Non-compliance can lead to penalties, reputational harm, and even criminal liability.
Common Challenges
Our Solutions
Complex and changing AML regulations
Our platform is regularly updated with current FINTRAC rules.
Stay aligned with changes in thresholds, ID requirements, and filing formats.
Capture beneficial ownership, control structure, and third-party details.
Surface unusual patterns that may suggest hidden involvement.
Collect, validate, and store ID and corporate documents with minimal effort.
Assign low/medium/high profiles at onboarding with triggers for review.
Attach documents and track user actions with audit-ready timestamps.
Ensure five-year data compliance with auto-deletion control.
Flag suspicious or large cash transactions automatically.
Generate draft reports for compliance officer review and submission.
Services Relevant to This Industry
Automates verification for individuals and businesses in line with FINTRAC guidelines.
Detect, document, and justify third-party involvement in financial transactions.
Identify high-risk behaviors and streamline submission workflows.
Automatically flag and process cash transactions over CAD 10,000.
Includes templated policies, risk matrices, and training guidance.
Continuous transaction tracking and secure long-term storage.
Real-World Use Cases
Use Case 1: Mortgage brokerage onboarding a small business client
System guides collection of business registration, ID documents, and beneficial owner declaration.
Visual suggestion: Onboarding checklist with green status indicators.
Use Case 2: Payment processor flags unusual account activity
Daily monitoring detects multiple transfers just under CAD 10,000. STR drafted and escalated.
Visual suggestion: Dashboard alert showing STR threshold trigger.
Use Case 3: Crowdfunding platform processes third-party payout
Third-party determination triggered due to mismatch between account holder and campaign creator.
Visual suggestion: Alert box with third-party detection banner.
Integrations / Compliance
Frequently Asked Questions
Do we need to identify every customer?
Yes, you must identify individuals or entities depending on the type of service, transaction value, and formation of a business relationship.
What happens if a third party is involved in the transaction?
You are required to determine and document the third party’s identity and their relationship to the transaction.
Is STR filing mandatory even if the amount is small?
Yes. Suspicious transactions must be reported regardless of value, based on behavior, structure, or inconsistency.
How long must we keep client records?
Typically five years from the date of transaction or relationship termination, as per FINTRAC rules.
Can we use electronic IDs and signatures?
Yes. Digital verification is permitted if it meets FINTRAC’s prescribed methods.
Getting Started
Take control of your compliance responsibilities with ease and confidence. Whether you're launching a new financial product or scaling an established operation, our FINTRAC-aligned solutions are ready to support your growth.
Fill out the short contact form below or choose another convenient way to reach us. Our team is here to listen, answer your questions, and help you get compliant — fast.
Contact Us
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