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AML program SELF-ASSESSMENT

How effective is your AML program?

Evaluate whether your AML program is operationally effective and aligned with current FINTRAC expectations.

  • Updated for evolving FINTRAC expectations
  • Designed for Canadian reporting entities
  • Evaluates how AML controls are applied, documented, and maintained in practice
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WHY THIS ASSESSMENT MATTERS

AML enforcement is shifting toward demonstrable effectiveness

Having documented AML policies is important.

Increasingly, regulators, auditors, banking partners, and funding partners expect organizations to demonstrate that AML controls are operating as intended—not simply that they exist.

Organizations are increasingly expected to show that compliance controls are:

  • Risk-based
  • Consistently applied
  • Properly documented
  • Functioning as intended in practice
This assessment is designed to help evaluate whether key elements of your AML program support those expectations.
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who can benefit

Designed for Canadian reporting entities

AML compliance obligations vary by sector, but the challenge is often the same: demonstrating that controls are consistently applied, properly documented, and functioning as intended.

This assessment is designed for Canadian reporting entities, including:

  • Money Services Businesses (MSBs)
  • Financing & Leasing Companies
  • Dealers in Precious Metals and Stones
  • Mortgage Brokers
  • Real Estate Professionals
  • Accountants and Accounting Firms
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WHAT you will EVALUATE

Evaluate five key areas of AML program effectiveness

Program Governance & Accountability

Evaluate whether AML ownership, oversight, governance, and accountability are clearly documented and consistently applied.

Risk Assessment & Control Alignment

Assess whether risk assessments drive compliance decisions and whether controls align with identified risks.

Customer Due Diligence, Screening & Onboarding

Review onboarding, identity verification, beneficial ownership collection, sanctions screening, and PEP/HIO screening practices.

Monitoring, Reporting & Documentation

Evaluate whether monitoring activities, investigations, reporting obligations, and documentation practices can be demonstrated and supported.

Program Effectiveness & Independent Review

Assess whether controls are tested, reviewed, remediated, and supported by evidence.

Upon completion you receive

  • AML Program Effectiveness Score
  • Operational Maturity Rating 
  • Insight into potential process, documentation, and oversight gaps 
  • Practical reflection points to support continuous improvement 
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GET STARTED

Evaluate your AML program in less than 5 minutes

Most organizations can demonstrate that AML policies exist.

Far fewer can demonstrate that those controls are consistently applied, properly documented, and functioning as intended.

Start the assessment and see where your AML program stands.

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common questions

FAQs

This self-assessment evaluates five key areas of AML program effectiveness:

  • Program Governance & Accountability
  • Risk Assessment & Control Alignment
  • Customer Due Diligence, Screening & Onboarding
  • Monitoring, Reporting & Documentation
  • Program Effectiveness & Independent Review

The assessment is designed to help organizations evaluate whether AML controls are consistently applied, properly documented, and functioning as intended in practice.

This assessment is designed for Canadian reporting entities with AML compliance obligations, including:

  • Money Services Businesses (MSBs)
  • Financing & Leasing Businesses
  • Dealers in Precious Metals & Stones
  • Mortgage Brokers
  • Real Estate Professional
  • Accountants & Accounting Firms

It is intended for Compliance Officers, AML Officers, Risk Managers, Operations Leaders, and others responsible for AML program oversight.

Most organizations complete the assessment in less than five minutes.

The assessment consists of 26 operational effectiveness checks designed to evaluate how AML controls are applied, documented, and maintained across key compliance activities.

Upon completion, you receive:

  • An AML Program Effectiveness Score
  • An Operational Maturity Rating
  • Insight into potential process, documentation, and oversight gaps
  • Reflection questions to support continuous improvement

The results are intended to provide a high-level view of AML program effectiveness and operational maturity.

No. This is a self-assessment tool and does not replace an independent review, regulatory examination, legal advice, or professional compliance assessment.

It is designed to help organizations identify potential areas that may warrant further review or improvement.

Disclaimer: This assessment is provided for informational purposes only. Results are based solely on participant responses and are not intended to constitute legal advice, regulatory guidance, an independent AML review, or a formal compliance assessment.