PLATINO CONSULTING
AML FRAMEWORK
AML Policies & Procedures and AML Risk Assessments
How AML Effectiveness Reviews Help Canadian Businesses Stay Compliant
In Canada, any business that falls under the FINTRAC regime must build a comprehensive anti-money-laundering (AML) framework that meets the standards set out in the Proceeds of Crime (Money Laundering) and Terrorist Financing Act (PCMLTFA) and associated regulations. Platino Consulting supports businesses in sectors such as fintech, virtual assets, real estate, dealers of precious metals and stone & financial institutions design and implement defensible AML programs crafted to regulatory expectations.
What an AML Framework Should Cover
FINTRAC guidance clearly outlines core components of a compliance program:
appointment of a dedicated compliance officer;
written, senior-approved policies and procedures;
enterprise-wide risk assessment;
independent effectiveness review of the program every two years.
Further key elements include client identification and verification, record-keeping, transaction monitoring, and timely reporting of suspicious transactions or large cash/virtual-currency flows. For businesses already under exam or facing enforcement risk, the framework must not only exist, but must be “reasonably designed, risk-based and effective.”
Platino Consulting’s AML Framework Services
Platino Consulting supports organisations at every stage: from initial gap-assessments through to full program roll-out and ongoing review. Our service offerings include:
Risk Assessment Design & Documentation: Mapping delivery channels, geographies, customer types and product risk.
Policy & Procedure Development: Drafting senior-approved manuals tailored to your business model and sector.
Client Onboarding & KYC/CDD Process Design: Identification, beneficial ownership, verification methods, record-keeping workflows.
Transaction Monitoring & Alerts: Designing rules, workflows, escalation paths, and linking to suspicious-transaction reporting.
Training & Awareness Programmes: Staff, agents and mandataries training that meets regulatory expectations for ongoing programmes.
Independent Review & Effectiveness Testing: Biennial reviews, audit-ready documentation, regulatory-examination preparation.
Why Choose Platino Consulting’s Experts?
Platino Consulting’s seasoned AML experts have a deep experience across regulated Canadian sectors. We deliver practical frameworks aligned with Canadian regulatory expectations and bespoke for your business model, whether you are a fintech start-up, real estate company, dealer of precious metals and stones or a cryptocurrency platform. You’ll benefit from expert guidance, structured implementation and auditable outcomes.
Get Started Today
Don’t wait for a regulator exam or enforcement action. Contact us now for a confidential AML readiness consultation. Together, we’ll develop a tailored roadmap to bring your AML framework into full compliance with FINTRAC’s requirements, protecting your business, reputation and growth prospects.