Attention Mortgage Brokers, Lenders, and Administrators: Big changes are on the horizon as the mortgage sector in Canada gears up to fall under federal anti-money laundering legislation. The Proposed changes have been outlined in recent draft regulations, with further regulatory updates expected later this year. This impending shift means that mortgage companies will soon be required to implement robust compliance plans to adhere to the Proceeds of Crime (Money Laundering) and Terrorist Financing Act (PCMLTFA), likely within the next 10-15 months.

Don't wait until the regulations are in full effect to take action. Now is the time to proactively start developing your compliance plans to mitigate future risks. Our team of AML experts at Platino Consulting is here to guide you through the process. Whether you're seeking more information or have specific questions, we're here to help. When you work with us, you're not just getting consultants; you're gaining partners dedicated to streamlining your operations while effectively managing regulatory risk. We've successfully assisted both provincially and federally regulated financial services companies, including large cryptocurrency exchanges, companies in the NFT gaming space, companies looking to expand into Canada and start-ups, providing a range of services including AML policy creation and review, program design and redesign, risk assessments, compliance effectiveness reviews, self-assessment testing, privacy policy creation and review, registration with regulators like FINTRAC and the Ontario Securities Commission (OSC) and privacy gap assessments.

In addition to our consultancy services, we offer tailored training packages designed to empower every level of your organization, from the Board of Directors to frontline staff and IT teams. Whether you're facing regulatory inquiries or seeking proactive compliance solutions, we're here to lend our expertise and support. Don't hesitate to reach out to us for immediate assistance or to discuss how we can help your business thrive in today's regulatory landscape.