FinTRAC Penalties Are Rising. Is Your Firm Protected?
Take a free 10-minute self-assessment to uncover gaps in your FinTRAC compliance, KYC processes, and client monitoring.
Start Your Free Assessment
100K +
Fines for compliance failures
5K + /Yr
Common compliance software costs
10 Mins
To uncover your compliance gaps
Lift your game
Total Calls last Month
FinTRAC Penalties Are Rising. Is Your Firm Protected?
Take a free 10-minute self-assessment to uncover gaps in your FinTRAC compliance, KYC processes, and client monitoring.
Start Your Free Assessment
100K +
Fines for compliance failures
5K + /Yr
Common compliance software costs
10 Mins
To uncover your compliance gaps
Lift your game
Total Calls last Month
FinTRAC Penalties Are Rising. Is Your Firm Protected?
Take a free 10-minute self-assessment to uncover gaps in your FinTRAC compliance, KYC processes, and client monitoring.
Start Your Free Assessment
100K +
Fines for compliance failures
5K + /Yr
Common compliance software costs
10 Mins
To uncover your compliance gaps
Lift your game
Total Calls last Month
All-in-one solution, no extra tools needed
The Compliance Gap
Spreadsheets and mental notes aren't reliable. Most small firms rely on informal monitoring, leaving dangerous gaps for regulators to find.
Evolving FinTRAC Rules
FinTRAC regulations evolve regularly, and keeping up takes time you don’t have. What was compliant last year might not be today.
Serious Concequences
Violations carry heavy penalties, up to $500,000 for entities. Beyond the money, non-compliance triggers audits and reputational damage.
Bad Compliance Workflows Get Expensive Fast
If you handle client funds, you likely have FinTRAC obligations. When something’s off, it shows up as penalties and revenue loss.
The Compliance Gap
Spreadsheets and mental notes aren't reliable. Most small firms rely on informal monitoring, leaving dangerous gaps for regulators to find.
Evolving FinTRAC Rules
FinTRAC regulations evolve regularly, and keeping up takes time you don’t have. What was compliant last year might not be today.
Serious Concequences
Violations carry heavy penalties, up to $500,000 (and rising!) for entities. Beyond the money, non-compliance triggers audits and reputational damage.
How it Works
FinTRAC Ready in Three Simple Steps.
01
Guided Assessment
Answer a few questions covering all seven FinTRAC pillars. No prep needed.
02
Risk Analysis
We'll send you your compliance score and a detailed breakdown.
03
Tailored Recommendations
Receive personalized recommendations for ready-to-use workflows.
All-in-one solution, no extra tools needed
The Compliance Gap
Spreadsheets and mental notes aren't reliable. Most small firms rely on informal monitoring, leaving dangerous gaps for regulators to find.
Evolving FinTRAC Rules
FinTRAC regulations evolve regularly, and keeping up takes time you don’t have. What was compliant last year might not be today.
Serious Concequences
Violations carry heavy penalties, up to $500,000 for entities. Beyond the money, non-compliance triggers audits and reputational damage.
How it Works
FinTRAC Ready in Three Simple Steps.
01
Guided Assessment
Answer a few questions covering all seven FinTRAC pillars. No prep needed.
02
Instant Risk Analysis
Get your compliance score and a detailed breakdown.
03
Tailored Action Plan
Receive a custom roadmap and ready-to-use workflows.
Your Roadmap to a FinTRAC Compliant Firm.
Get expert-built workflows based on your results and close your compliance gaps instantly.
KYC
Client Intake Forms
Capture all mandatory FinTRAC identifiers, including beneficial ownership and business activities, in one digital step. This ensures your records are complete from day one without the manual back-and-forth.
KYC
Client Intake Forms
Capture all mandatory FinTRAC identifiers, including beneficial ownership and business activities, in one digital step. This ensures your records are complete from day one without the manual back-and-forth.
KYC
Onboarding Checklists
A standardized verification path that ensures every FinTRAC-required milestone is documented and approved before you start work, making compliance a natural part of your workflow.
KYC
Onboarding Checklists
A standardized verification path that ensures every FinTRAC-required milestone is documented and approved before you start work, making compliance a natural part of your workflow.
Monitoring
Client Information Updates
Automated recurring workflows that prompt periodic reviews of client records. Keep your KYC history current and audit-ready based on each client’s specific risk profile.
Monitoring
Client Information Updates
Automated recurring workflows that prompt periodic reviews of client records. Keep your KYC history current and audit-ready based on each client’s specific risk profile.
Reporting
Suspicious Transaction Reporting
A structured framework to document red flags, gather evidence, and prepare accurate STRs. This process removes the guesswork and ensures you meet legal reporting obligations quickly.
Reporting
Suspicious Transaction Reporting
A structured framework to document red flags, gather evidence, and prepare accurate STRs. This process removes the guesswork and ensures you meet legal reporting obligations quickly.
More Workflows Are Coming Soon!
We’re building additional compliance and operational workflows based on what firms like yours need most.
Your Roadmap to a FinTRAC Compliant Firm.
Get expert-built workflows based on your results and close your compliance gaps instantly.
KYC
Client Intake Forms
Capture all mandatory FinTRAC identifiers, including beneficial ownership and business activities, in one digital step. This ensures your records are complete from day one without the manual back-and-forth.
KYC
Onboarding Checklists
A standardized verification path that ensures every FinTRAC-required milestone is documented and approved before you start work, making compliance a natural part of your workflow.
Monitoring
Client Information Updates
Automated recurring workflows that prompt periodic reviews of client records. Keep your KYC history current and audit-ready based on each client’s specific risk profile.
Reporting
Suspicious Transaction Reporting
A structured framework to document red flags, gather evidence, and prepare accurate STRs. This process removes the guesswork and ensures you meet legal reporting obligations quickly.
More Workflows Are Coming Soon!
We’re building additional compliance and operational workflows based on what firms like yours need most.
How it Works
FinTRAC Ready in 3 Simple Steps.
01
Guided Assessment
Answer a few questions covering all seven FinTRAC pillars. No prep needed.
02
Instant Risk Analysis
Get your compliance score and a detailed breakdown.
03
Tailored Action Plan
Receive a custom roadmap and ready-to-use workflows.
Your Roadmap to a FinTRAC Compliant Firm.
Get expert-built workflows based on your results and close your compliance gaps instantly.
KYC
Client Intake Forms
Collect all required client information during onboarding, so nothing slips through.
KYC
Client Intake Forms
Collect all required client information during onboarding, so nothing slips through.
Personalized outreach
Onboarding Checklists
Confirm every FinTRAC-required step is completed before you start work.
Personalized outreach
Onboarding Checklists
Confirm every FinTRAC-required step is completed before you start work.
Outbound automation
Client Information Updates
Recurring workflows to keep individual and entity client records current.
Outbound automation
Client Information Updates
Recurring workflows to keep individual and entity client records current.
Active campaign
Suspicious Transaction Reporting
A structured process to gather the right information and submit an STR when something doesn’t look right.
Active campaign
Suspicious Transaction Reporting
A structured process to gather the right information and submit an STR when something doesn’t look right.
More Workflows Coming Soon!
We’re building additional compliance and operational workflows based on what firms like yours need most.
Frequently Asked Questions
The most-searched payroll support topics - answered by our team.
Is PaymentEvolution a Good Payroll Solution for Small Canadain Businesses?
How Do I Run Payroll in Compliance With Canadian Laws?
Which Payment Methods Can I Use on PayEvo?
Can I Customize Payroll Settings For Different Employee Types?
Is PaymentEvolution better than ADP, Wagepoint, or Humi?
Frequently Asked Questions
The most-searched payroll support topics - answered by our team.
What Is The FinTRAC Self-Assessment?
Why Do I Need This Assessment?
What Are Workflow Templates & How Do They Help?
Can I Request Specific Templates?
Do I Have to Use PayEvo to Benefit From This?
Frequently Asked Questions
The most-searched payroll support topics - answered by our team.
Is PaymentEvolution a Good Payroll Solution for Small Canadain Businesses?
How Do I Run Payroll in Compliance With Canadian Laws?
Which Payment Methods Can I Use on PayEvo?
Can I Customize Payroll Settings For Different Employee Types?
Is PaymentEvolution better than ADP, Wagepoint, or Humi?
Canada's most loved payroll, HR, and benefits
Canada's most loved payroll, HR, and benefits
Trusted by thousands of businesses, PaymentEvolution is Canada's largest and most loved cloud payroll, HR and benefits management service. Accountants, bookkeepers and financial institutions in Canada rely on us for payroll expertise and payroll services for their clientele. See why over 20,000 businesses trust us every day.
Trusted by thousands of businesses, PaymentEvolution is Canada's largest and most loved cloud payroll, HR and benefits management service. Accountants, bookkeepers and financial institutions in Canada rely on us for payroll expertise and payroll services for their clientele. See why over 20,000 businesses trust us every day.
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Company
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