Testing against wide range and suite of regulations pertaining to the Proceeds of Crime (Money Laundering) and Terrorist Financing Act (PCMLTFA), including the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC)
Identification, monitoring, and timely reporting of Large Cash Transactions (LCTRs) and Electronic Funds Transfers (EFTRs)
Testing of individuals and organization on regulated Sanctions List, e.g. UN List, Office of Foreign Assets Control (OFAC)
Testing and monitoring of ‘Know Your Customer’ (KYC) requirements, including identifying and fixing data quality issues
Ensuring proper Cost of Borrowing and FCAC disclosures, and appropriate application of fees and charges