Important: To view and manage FINTRAC compliance review items in Finmo, you must have designated "compliance manager" access.
The FINTRAC compliance review page gives compliance managers a centralized view of all deals requiring regulatory review. It consolidates key FINTRAC-related data and statuses into a single, interactive table, making it easier to monitor progress, identify outstanding requirements, and ensure all compliance obligations are met before closing.
Definitions
All information displayed in the FINTRAC compliance review is sourced from the "Fraud & Risk Assessment" section within the deal. Use the definitions below to understand what each column represents and how to interpret the values.
Risk & Assessment
FINTRAC Risk Level
Indicates the overall risk rating of the deal: Low, Medium, or High.
This value is set by the broker and pulled from the Overall Risk Level in the Fraud & Risk Assessment tab.Risk Assessment Completed
Shows the percentage of completion of the Fraud & AML Risk Assessment.
This reflects how many required questions have been completed by the broker and helps identify incomplete assessments.Third-Party Determination
Indicates whether the Third-Party Determination field has been completed.Yes: The field has been filled out
No: The field is blank
Note: Third Party Determination is a free-text field. The Compliance Review page only confirms whether it has been completed—it does not display or validate the content.
Identity Verification (IDV)
IDV Completed
Indicates whether identity verification has been completed for all borrowers on the deal.Yes: All borrowers have at least one IDV record
No: One or more borrowers are missing ID verification
IDV Method Used
Displays the method(s) used to verify borrower identity.
This is based on the selection made during the "Know Your Client" (KYC) check.Supported methods include:
Persona
Equifax
Government Photo ID
Credit File
Dual Source
Affiliate/Member
Credit Consent Checks
All Consents Gathered
Indicates whether all borrowers have provided credit bureau consent.Yes: Consent has been obtained from all borrowers
No: At least one borrower is missing consent
All Credits Pulled
Indicates whether a credit report has been pulled for every borrower.Yes: Credit reports are available for all borrowers
No: One or more borrowers are missing a credit pull
How to access the "Compliance review" page
1. From the left-hand navigation menu, click on "Compliance review".
2. Once selected, a table will appear showing all deals.
3. Scroll horizontally (left to right) across the table to view all FINTRAC compliance-related data points, including:
FINTRAC risk level
Province
Compliance status
Last received
Agents
Team
Closing date
IDV completed
IDV method used
All consents gathered
All credits pulled
Third-party determination
Risk assessment completed
4. The table is sortable and you can also use filters to quickly narrow down results and focus on specific deals or compliance statuses.
Should you have any questions please click on the chat bubble in Finmo or email support@finmo.ca.