Proceeds of Crime (Money Laundering) & Terrorist Financing Act (PCMLTFA)
Youverify provides AI-powered AML compliance and fraud prevention solutions tailored for banks and financial institutions in Canada. Our Unified FRAML Platform simplifies KYC and KYB verification, fraud detection, and real-time transaction monitoring, ensuring compliance with FINTRAC and Canadian AML regulations. Protect your organization from financial crime with one intelligent compliance platform.
Businesses are to perform KYC on their customers for hitch-free operations. Regulating bodies include:
Proceeds of Crime (Money Laundering) & Terrorist Financing Act (PCMLTFA)
FINTRAC Reporting
PIPEDA
The Anti-Money Laundering Act (AMLA) of 2010 is the primary legislation law guiding AML and KYC operations in Canada
Stay Compliant with Youverify
Our comprehensive compliance platform ensures your business meets all essential requirements while maintaining operational efficiency across the Canadian market.
Screen businesses against FINTRAC sanctions lists.
Validate Canadian UBOs and corporate structures.
Track crypto transactions for terrorist financing risks.
Detect shell companies and tax evasion schemes.
Monitor casinos, real estate, and MSBs for PCMLTFA compliance.
Automate PIPEDA-compliant data retention and breach alerts.
Ready-to-deploy workflows for CBN, FIC Act, FinCEN, and more.
Auto-updated PEPs, sanctions, and adverse media databases.
SOC 2, ISO 27001, GDPR, and local certifications (NDPR, POPIA,)
Customer & Business Onboarding, Fraud & Risk Insights, and Transaction Monitoring—for seamless local compliance.
See how Youverify optimizes customer and business onboarding for speed, security, and compliance.