Beneficial Ownership
Streamline your FINTRAC compliance with reliable, agent-based beneficial ownership record-keeping. Secure and stored in Canada.
Why Beneficial Ownership?
Under Canada’s Proceeds of Crime (Money Laundering) and Terrorist Financing Act (PCMLTFA), reporting entities are legally required to identify and keep records of beneficial owners behind corporations, trusts, and other entities. These requirements are crucial to help detect and prevent money laundering and terrorist financing.
Our Beneficial Ownership Record-Keeping service helps you meet these obligations with ease—offering secure, structured, and audit-ready solutions designed specifically for FINTRAC compliance.
Who Is It For?
This service is essential for any reporting entity under PCMLTFA, including:
If your organization is obligated to identify individuals who directly or indirectly own or control 25% or more of an entity, this service ensures that you capture and retain those records efficiently and in compliance with regulations.
Key Benefits
Stay ahead of evolving regulatory expectations with automated compliance updates and legal structures.
Beneficial ownership records are encrypted and stored in Canada, ensuring both legal compliance and data sovereignty.
All records are structured, time-stamped, and exportable for FINTRAC audits or internal reviews.
Simplify information gathering and verification with intuitive workflows and optional agent-led onboarding.
Avoid penalties by ensuring your beneficial ownership records are accurate, complete, and continuously maintained.
Use Cases
How It Works
Features
Structured templates for identifying direct and indirect control of corporations, partnerships, or trusts.
Capture ownership declarations and supporting documents with encrypted storage.
Use our certified agents to verify documents and complete data collection on your behalf.
Monitor changes in ownership structures and retain historical records.
All stored data complies with national data protection standards.
Frequently Asked Questions
What is a beneficial owner?
A beneficial owner is a person who owns or controls 25% or more of an entity, either directly or indirectly.
Why is beneficial ownership important for compliance?
It helps prevent the misuse of entities for illicit activities by ensuring transparency and traceability of real decision-makers.
Do I need to update records periodically?
Yes. FINTRAC requires beneficial ownership records to be accurate and current. Updates should be made upon ownership changes or periodically as prescribed.
Can I outsource beneficial ownership verification?
Yes. You can use an agent to collect and verify beneficial ownership information on your behalf, as permitted by FINTRAC.
Where is the data stored?
All data is stored securely in Canadian data centers in compliance with national data residency regulations.
Getting Started
Ensure you never fall behind on your beneficial ownership obligations. Stay compliant, secure, and audit-ready with our tailored record-keeping solution.
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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