End‑to‑End AML Program Implementation
Building a new AML program from scratch under FINTRAC’s Act and Regulations demands comprehensive expertise. For a North American money service business (MSB) start‑up, Platino Consulting delivered a turnkey AML program implementation—policies, technology, staffing, and MSB registration—resulting in zero findings on their inaugural FINTRAC examination.
Policy & Governance Framework
Developed a policy suite covering KYC, EDD, transaction monitoring, STR reporting, and governance—aligned with FINTRAC’s Risk Assessment Guidance.
Technology Selection & Configuration
Implemented a cloud‑based AML platform configured with 24‑hour rule thresholds and virtual‑asset red‑flag parameters.
Staffing & Training
Recruited a Head of AML and two compliance analysts; conducted tabletop exercises and role‑based e‑learning to validate workflows.
Regulatory Registration & Exam Prep
Guided the MSB registration with FINTRAC, prepared the self‑declaration dossier, and conducted mock examinations—resulting in zero significant findings.
Outcomes
Regulatory Approval: MSB registration granted on first submission.
Inspection Success: No material findings in the inaugural FINTRAC inspection.
Continuous Improvement: Quarterly program reviews now institutionalized.
Building an AML program from the ground up? Contact us to discuss a custom implementation roadmap and get a clear three‑phase plan to inspection‑ready status.
