Financial crime is more than a compliance obligation, it is a serious business risk that can undermine customer trust, disrupt operations, and stall growth. As regulatory expectations evolve and enforcement intensifies, organizations need more than controls — they need resilient, technology‑enabled programs that deliver defensible outcomes.

Financial crimes, including money laundering, terrorist financing, sanctions breaches, and tax evasion, are becoming more complex, more costly, and more visible. Poorly calibrated financial crimes programs, fragmented data, weak analytics, legacy technology systems, outdated policies, and manual processes can quickly translate into regulatory findings, operational strain, and reputational damage.

KPMG Canada helps organizations prevent, detect, and respond to financial crime risk through integrated advisory, technology, and managed services. We work with you to design and operationalize financial crimes programs, policies, and training that meet Canadian and global regulatory expectations that stand up to scrutiny.

The outcome: stronger compliance, lower cost of operations, and confidence to move forward.

Find out how KPMG's expertise can help you and your company

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Why act now on financial crime? The cost of delay.

Waiting to modernize your financial crime framework increases exposure across four critical dimensions:

Regulatory risk

Fines, remediation, supervisory actions, and personal accountability under PCMLTFA/R, FINTRAC, OSFI guidance, sanctions regimes (SEMA, UN Act, OFAC), and cross‑border expectations.
Operational inefficiencies

Alert backlogs, false positives, manual investigations, and inefficient case handling that consume budgets and obscure true risk.
Proven outcomes

Reduced compliance cost, stronger governance, and regulator‑ready programs.
Missed signals

Fragmented data, weak analytics, and outdated models that increase the likelihood of undetected suspicious activity.

How we can help

Advisory
Managed services
Technology and transformation

Financial crimes advisory

Build resilient AML and sanctions programs aligned to Canadian and global standards.

Program assessment and effectiveness reviews
Enterprise‑wide risk assessment, typology coverage mapping, and customer risk rating
Policy and control design, governance, and target operating models
Gap analysis and remediation planning
Regulatory examination readiness and preparation
Regulatory findings remediation and action plan definition
Employees and board directors’ trainings

The outcome: An AML program that is effective, efficient, and defensible.

Financial crimes managed services

When compliance demands outpace capacity, scale with confidence.

Operations: alert review optimization, backlog remediation, case investigations, KYC refreshes, lookbacks, sanctions and screening support.
Capacity: on‑shore, offshore and global bilingual delivery hubs
Quality and oversight: KPIs, QA, regulator‑grade documentation

The outcome: Predictable costs, clear SLAs, and sustainable performance improvements.

Financial crimes technology and transformation

Modernize AML and sanctions programs to match today’s risks — and tomorrow’s expectations.

Strategy and operating model alignment
Screening framework design, tuning, and model validation
Technology implementation and vendor selection support (RFP/RFI)
Data and analytics: model tuning, calibration, testing and validation.
Data integrity enhancements and reporting automation
Independent challenge and supervisory readiness

The outcome: Lower false positives, higher investigation quality, and credible regulatory reporting.

We can help you:

Assess: Perform rapid, accurate effectiveness reviews to identify risks and value across all program maturity levels.
Design: Create and enhance target operating models, policies, controls, and analytics aligned to risk.
Activate: Implement and deliver technology enablement, including proactive training with change management.
Sustain: Provide managed services, continuous monitoring, and independent review to ensure quality and durability.

Videos

Explore how we help our clients manage risk by browsing the videos below.

Industries we support

Our team has experience helping organizations across many industries in Canada and globally:

Financial institutions
Payments and fintech
Securities brokers
Casinos
Money services businesses

Life Insurers
Pension funds
Real estate brokers
Precious metals dealers
Public sector and regulators

Why choose KPMG’s financial crimes services team?

Global expertise, local insight

Canadian specialists backed by KPMG’s global financial crime network.
End‑to‑end support

From financial crimes advisory and technology to fully managed services.
Reputation and customer trust

Public enforcement actions, onboarding friction, delayed payments, and negative media attention that erode confidence and growth.

Prevent, detect and act — KPMG is your ally against financial crime

Start the conversation. Strengthen your defenses, modernize your financial crimes program, and protect what matters most. Contact our team.

Insights

Integrating business functions with technology and automation.

Learn more

As organizations navigate the complexities of corporate fraud, they need to take proactive steps to implement robust internal controls, promoting an ethical culture, enhancing detection mechanisms, fostering collaboration and transparency, and adapting to technological changes.

Learn more