Mortgage Businesses
Streamline client onboarding, risk assessments, and transaction monitoring—all while staying fully compliant with FINTRAC’s PCMLTFA requirements for mortgage professionals.
Who Is It For?
This solution is built for mortgage professionals registered under provincial legislation and federally regulated financial institutions (FRFIs) who are subject to anti-money laundering (AML) obligations under the PCMLTFA.
Industry Overview
Canada’s mortgage industry plays a central role in the financial ecosystem but is exposed to risks such as identity fraud, illicit financing, and misrepresentation of client information. FINTRAC mandates robust compliance programs that include client identification, recordkeeping, and suspicious transaction reporting.
With stricter oversight and the digitization of real estate transactions, mortgage professionals must balance growth with compliance while avoiding penalties and reputational risks.
Common Challenges
Our Solutions
Smart Client Onboarding
Quickly collect, validate, and archive identification documents during the application process.
Instantly assess clients based on risk factors such as occupation, transaction type, and geography.
Identify unusual deposits or third-party activity indicative of suspicious behavior.
Generate Suspicious Transaction Reports (STRs) with one-click workflows.
Capture every required field to meet PCMLTFA and FINTRAC documentation standards.
Ensure compliance with real estate-related reporting obligations.
Store ID records, declarations, risk ratings, and transaction histories.
Full search and retrieval to simplify regulatory inspections.
Services Relevant to This Industry
Meet "Know Your Client" (KYC) requirements with automated document handling and validation.
Classify client risk levels and monitor for high-risk indicators throughout the mortgage lifecycle.
Detect when someone is acting on behalf of another and capture required disclosures.
Easily flag, review, and report transactions that raise red flags.
Maintain all records required under the PCMLTFA with encryption and access control.
Real-World Use Cases
Use Case 1: Client Onboarding for Business Purchase
A CPA helps a client purchase a business. Our platform collects beneficial ownership information, verifies identity, and establishes the business relationship in minutes.
Visual: Workflow screenshot showing completed verification and relationship summary.
Use Case 2: Monthly Monitoring for Long-Term Clients
An accounting firm offering ongoing CFO services automates monitoring.The system flags large virtual currency receipts and high-risk transactions with real-time alerts.
Visual: Dashboard with alerts and compliance log.
Use Case 3: Preparing for a FINTRAC Audit
An independent accountant undergoes a FINTRAC review. They export a complete audit package with client risk classifications, documents, and action logs in one click.
Visual: Exported compliance package UI mockup.
Integrations / Compliance
Frequently Asked Questions
Are mortgage brokers subject to FINTRAC compliance requirements?
Yes. Brokers and agents are covered under the PCMLTFA and must implement AML programs, including client identification and suspicious transaction reporting.
What’s required to verify a mortgage client?
At a minimum, valid government-issued ID and proof of address. For high-risk clients, additional verification may be needed.
How do I report suspicious mortgage activity?
Our system generates pre-filled STRs based on flagged behavior, ready for submission to FINTRAC.
Do I need to report third-party payments?
Yes. You must determine and document if a third party is involved in a mortgage transaction, including capturing declarations.
How long must I keep AML records?
At least five years from the date of the transaction or client relationship termination.
Getting Started
Simplify AML compliance while keeping your mortgage business moving. Our platform empowers brokers and lenders to meet regulatory obligations with speed and confidence.
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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