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.

Advantages of working with Blocons

• Built for FINTRAC examinations. Verification, monitoring and reporting are set up around the points FINTRAC examines and documented so your compliance officer can explain each control.
• Turnkey, no hassle for your team. We take the whole file: structure, AML/CFT policies, filings and regulator questions. You make decisions and sign; we do the rest and contact you only when it matters.
• We take on regulators and banks. Information requests, remarks, bank refusals, delays: we respond, revise, resubmit or appeal at no extra charge until the matter is closed.
• A senior specialist on every file. An experienced specialist leads your project personally, backed by the group's 14 years in corporate law across 50+ countries, so we get right the first time what takes some firms three attempts. Non-standard models are our field: where others say it cannot be done, we look for a lawful route.
• Your project stays yours. Information about founders, beneficial owners, wallets and deals reaches neither competitors nor third parties. We disclose only what the law or the procedure requires, and the contract says so.

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.