Mortgage brokers, lenders and administrators in Canada are subject to anti-money laundering and anti-terrorist financing obligations under the Proceeds of Crime (Money Laundering) and Terrorist Financing Act (PCMLTFA), where their activities fall within the applicable regulatory requirements.

Platino Consulting works with Canadian mortgage businesses to develop, implement, review and maintain AML compliance programs that meet regulatory expectations while supporting day-to-day business operations.

Our services include AML program development, independent effectiveness reviews, employee AML training and ongoing AML advisory support, tailored to the needs of mortgage brokerages, lenders and administrators.

Speak With Platino Consulting’s AML Specialists Today

FINTRAC Compliance for Mortgage Companies

Since October 11, 2024, mortgage administrators, brokers and lenders have been subject to FINTRAC requirements where their activities fall within the scope of the legislation.

These obligations include establishing and maintaining an AML compliance program, verifying client identities, maintaining prescribed records, assessing money laundering and terrorist financing risks, and reporting certain transactions to FINTRAC.

Whether your organization is developing its first AML program, strengthening existing controls or preparing for an independent effectiveness review, experienced compliance support can help ensure regulatory obligations are addressed without introducing unnecessary operational complexity.

How Platino Consulting Can Help

AML Program Development

Development and implementation of AML compliance programs tailored to mortgage operations, including policies and procedures, business-wide risk assessments, governance arrangements and employee training programs.

AML Effectiveness Reviews

Independent reviews of AML compliance programs to assess regulatory compliance, evaluate the effectiveness of existing controls, identify deficiencies and provide practical recommendations for improvement.

AML Training

AML training designed for mortgage brokers, agents, compliance officers and management. Training addresses regulatory responsibilities, client due diligence, suspicious transaction identification and the financial-crime risks relevant to mortgage transactions.

AML Advisory Services

Specialist compliance advisory support to help mortgage businesses interpret regulatory obligations, address operational compliance questions, strengthen existing controls and maintain their AML programs as business activities and regulatory expectations evolve.

Experience That Extends Beyond Advice

Platino Consulting brings extensive experience supporting Canadian financial institutions and regulated businesses with AML program development, regulatory compliance, effectiveness reviews and remediation.

Our work includes developing risk assessments, preparing policies and procedures, evaluating compliance controls and supporting organizations in meeting their FINTRAC obligations.

We understand that mortgage businesses operate across different organizational structures, transaction types and client relationships. Our focus is on delivering practical compliance solutions that integrate with existing operations while maintaining appropriate regulatory standards.

Supporting Canada's Mortgage Industry

Platino Consulting provides AML compliance services relevant to:

• Mortgage Brokerages: AML program development, effectiveness reviews, training and ongoing compliance advisory support for brokerage operations.

• Mortgage Lenders: Compliance support for lending activities, including risk assessments, policies and procedures, effectiveness reviews and regulatory advisory services.

• Mortgage Administrators: AML compliance support tailored to mortgage administration activities, operational controls and applicable FINTRAC requirements.

Our services can be tailored to independent brokerages, established mortgage businesses and organizations operating across multiple locations or business lines.

Work With Platino Consulting

Whether your organization requires a new AML compliance program, an independent effectiveness review, tailored employee training or ongoing AML advisory support, Platino Consulting brings specialist financial-crime experience to the engagement.

Contact Platino Consulting to arrange a confidential consultation.