Operating in Canada as a DPMS entity entails specific anti-money laundering (AML) and counter terrorist financing (CTF) obligations. To ensure compliance with FINTRAC regulations, it's crucial to understand and meet these requirements effectively. Compliance with the Office of the Privacy Commissioner of Canada regarding personal information practices is also essential. Additional provincial/state level requirements may apply depending on your business's location.

At Platino Consulting, we specialize in assisting DPMS entities in navigating these compliance obligations. Our tailored solutions help develop and implement robust AML programs aligned with regulatory standards and industry best practices.

Dealers in Precious Metals and Stones operating in Canada are subject to stringent AML and CTF requirements overseen by FINTRAC.

In all engagements, we prioritize streamlining processes and empowering businesses while effectively managing regulatory risks. Our comprehensive services include:

• AML policy creation and review

• AML program design, redesign, and process engineering

• ML & TF risk assessments

• AML compliance effectiveness reviews

• Self-assessment testing and reporting

• Privacy policy creation and review

• Privacy gap assessments

Additionally, we provide customized training packages tailored to various stakeholders within your organization, ensuring comprehensive compliance awareness and understanding.

If you need immediate assistance due to regulatory inquiries, please reach out to us.

Take proactive steps today to ensure your DPMS entity is well-prepared to meet its compliance obligations. Let Platino Consulting be your trusted partner in achieving AML compliance excellence.