AML/KYC solutions in Canada from Blocons

Blocons Canada develops and implements comprehensive AML/KYC solutions for cryptocurrency providers, exchanges, and DeFi projects. We set up an automated compliance pipeline: customer verification (PEP lists, sanctions lists), transaction monitoring using new risk scoring algorithms, and timely reporting to FINTRAC and provincial commissions. Ensure legal protection and avoid penalties with Blocons.

Why AML/KYC solutions are needed in Canada

Financial regulators have tightened customer verification and reporting requirements. Without a reliable AML/KYC system, you risk:

• Receiving significant fines from FINTRAC;
• Being subject to sanctions;
• Losing the trust of users and partners.

How Blocons' solution works

1. Setting up customer verification

Blocons integrates digital eID platforms and verification providers for instant identity and PEP/Sanctions status checks.

2. Automated transaction monitoring

We implement monitoring systems based on ML models and FINTRAC's updated risk scoring algorithm to track suspicious transactions in real time.

3. Full reporting to FINTRAC and provincial authorities

Blocons prepares and submits regular reports, including Suspicious Transaction Reports (STR) and Currency Transaction Reports (CTR), in accordance with OSC, AMF QC, and BC Securities requirements.

4. Staff training and compliance officer support

We conduct employee training, develop internal policies and procedures, and support the compliance officer at all stages.

Latest life hacks for 2025

• Use ML model audit evidence for accelerated accreditation with FINTRAC.
• Autofill reporting forms via API connection to RegTech portals.
• Increased flexibility in processing small transactions thanks to new de minimis thresholds from FINTRAC.

Advantages of working with Blocons

• Ready-to-use AML/KYC module with integration of leading international providers.
• Compliance with all FINTRAC and provincial regulatory requirements.
• Support from a compliance officer and regular updates to procedures.

Frequently asked questions

Do I need to show all reports to clients?

No, STR and CTR are only submitted to regulatory authorities; internal data is stored in accordance with our privacy policy.

Can I use my own software for monitoring?

Yes, Blocons integrates your solution or recommends the best turnkey RegTech platforms.

How much does it cost to implement AML/KYC?

The cost depends on the scale of your business and the providers you choose. Blocons will prepare a detailed estimate after the audit.

Leave a request

Want reliable AML/KYC solutions in Canada with Blocons? Leave a request, and we will contact you to start the project.