finance, leasing and factoring companies

Some finance companies are not directly subject to AML requirements in Canada.  Their requirements are often defined by the investors that buy their loans.  Investors are principally Federally Regulated Financial Institutions (FRFIs), which are themselves subject to extensive AML obligations.  FRFIs impose those obligations onto finance companies, and can apply discounts to loan portfolios purchased which do not meet compliance expectations.  

Our consultants are intimately familiar with obligations on FRFIs, and their expectations of finance companies.  We build comprehensive AML programs for finance companies that meet FRFI expectations efficiently, often by leveraging existing measures to counter finance and mortgage fraud.