Securities Dealers
Stay ahead of FINTRAC obligations with streamlined tools for client identification, transaction monitoring, and ongoing due diligence—built specifically for securities dealers.
Who Is It For?
Our platform helps these stakeholders meet regulatory expectations around client due diligence, ongoing monitoring, beneficial ownership, and suspicious transaction reporting—without slowing down investment operations.
Industry Overview
Canada’s securities sector plays a central role in financial markets and is tightly regulated under the Proceeds of Crime (Money Laundering) and Terrorist Financing Act (PCMLTFA). FINTRAC’s expectations for this sector include robust client ID verification, detailed recordkeeping, large virtual currency and electronic funds transfers reporting, and timely detection of suspicious transactions.
With growing scrutiny around money laundering via investment products, firms must modernize their compliance tools to reduce risk while maintaining operational agility.
Common Challenges
Our Solutions
Intelligent Client Due Diligence
Streamline client intake with government ID validation and address confirmation.
Capture corporate ownership hierarchies and third-party declarations automatically.
Screen clients regularly against updated PEP and sanctions lists.
Identify unusual patterns through customizable monitoring rules.
Flag and report activity that raises red flags with guided templates.
Automate threshold-based detection and filing for reportable transactions.
Securely store all client files, declarations, and transaction reports.
Enable compliance teams to monitor risk and reporting activities in one view.
Services Relevant to This Industry
Collect and validate identity information for individuals and entities per FINTRAC guidelines.
Maintain clear records of corporate ownership to satisfy due diligence standards.
Detect high-risk clients and ensure enhanced measures are taken where necessary.
Quickly file STRs using standardized templates and guided workflows.
Detect and report qualifying transactions electronically in real time.
Track changes in client behavior, risk levels, and relationships.
Real-World Use Cases
Use Case 1: High-Net-Worth Corporate Client
During onboarding, the system collects entity details, identifies beneficial owners, and screens them for sanctions and PEP risk—automatically triggering enhanced due diligence if required.
Visual suggestion: Ownership chart with PEP alert badge.
Use Case 2: Unusual Pattern in Funds Transfer
A portfolio manager notices a client making structured transfers near the reporting threshold. The system flags the activity and generates a Suspicious Transaction Report (STR) with key fields pre-filled.
Visual suggestion: Dashboard with flagged alerts and STR summary.
Use Case 3: Quarterly Audit Preparation
The compliance officer exports all client IDs, monitoring records, and report submissions for a specific quarter in one click.
Visual suggestion: Export compliance data modal with filters.
Integrations / Compliance
Frequently Asked Questions
Who in the securities sector must comply with FINTRAC rules?
All securities dealers, portfolio managers, and mutual fund dealers registered under provincial securities legislation must comply.
What types of transactions require reporting?
Suspicious transactions, large virtual currency transfers, and electronic funds transfers over $10,000 (in or out of Canada) must be reported.
How can we identify a Politically Exposed Person (PEP)?
Our system cross-checks client details against current PEP databases and provides alerts for foreign and domestic exposures.
Do we need to monitor client relationships continuously?
Yes. You must perform ongoing monitoring to update risk assessments and spot changes in client behavior.
What’s required for corporate clients?
You must obtain and verify information about beneficial owners and confirm the existence and status of the corporation.
Getting Started
Mitigate compliance risk and accelerate onboarding for your securities business. Our solutions help you stay compliant, audit-ready, and focused on client service.
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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