A fractional Chief Compliance Officer for your MSB
Don’t settle for a name on a form. Appoint a real Chief Compliance Officer who actively runs your AML program, handles FINTRAC, supports your banking, and gives you straight answers, for a fraction of a full-time hire.
$1,999 – $3,999 CAD per month, scope-dependent, versus $25,000+/mo for a full-time hire.
Your CCO, on day one
- Act as your named Chief Compliance Officer for FINTRAC and banking purposes
- Develop and maintain your AML and anti-terrorist financing compliance program
- Keep your program aligned with current regulations and industry standards
- Monitor regulatory updates and notify you of relevant changes
- Guide you through KYC, EDD, transaction monitoring, and STR reporting
FINTRAC consulting, done right
What is a fractional CCO?
A fractional Chief Compliance Officer is a senior compliance professional who serves as your named CCO on an ongoing, part-time basis. You get the experience, regulator relationships, and daily oversight of a full compliance department, without the cost of building one.
Canadian MSBs are regulated by FINTRAC and expected to maintain an anti-money-laundering program that is both documented and genuinely operational. Banks go further, they want proof your compliance program is actively managed before they’ll onboard you or keep you. A fractional CCO is how growing MSBs meet that bar without a $25,000-a-month salary.
With Comply North, your fractional CCO isn’t a name lent to a form. It’s a partner running your program, so you can focus on the business.
The math
Senior compliance leadership, without the salary
Full-time in-house CCO
$25,000+/mo
total compensation
- Salary, benefits, bonus, and payroll taxes
- Months to recruit, risk of a bad hire
- One person’s knowledge and availability
- You still own training and coverage
Comply North fractional CCO
from $1,999/mo
scope-dependent, no payroll
- A named CCO plus a full compliance team
- Start in days, not months
- 10+ years of direct FINTRAC experience
- Scales up or down with your business
What’s included
What your Chief Compliance Officer manages
Complete compliance leadership and operational support. Whether you need full oversight or targeted help, we adapt to your business model and risk profile.
Chief Compliance Officer for MSBs
Do you need a fractional CCO?
If any of these sound like you, it’s time to put a real compliance officer in the seat.
How it works
From gaps to fully managed, fast
- 1
Compliance review
We begin with a full compliance review, evaluating your current policies, risk exposure, and operational controls.
- 2
Close the gaps
We identify immediate gaps and update your program to meet both FINTRAC and banking expectations.
- 3
Ongoing support
We support your team on an ongoing basis, implementation, reporting, reviews, and training.
- 4
Evolve with you
As your business evolves, we update your program, support new product launches, and adjust controls as needed.
Trusted across high-risk sectors
A CCO who knows your industry
FAQ
Fractional CCO questions, answered
What is a fractional CCO?
A fractional Chief Compliance Officer is a senior compliance expert who acts as your named CCO on a part-time, ongoing basis, for a fraction of the cost of a full-time hire. You get the seniority, regulator relationships, and daily oversight of a full compliance department without carrying one on payroll.
Can you act as our named CCO for FINTRAC and banking?
Yes. We are appointed as your named Chief Compliance Officer for FINTRAC and banking purposes, and we actively manage your AML/ATF program, not just lend our name to a form. Banks and regulators want proof your program is operated, and that is exactly what we deliver.
How much does a fractional CCO cost?
Our CCO package runs from $1,999 to $3,999 CAD per month depending on scope and risk, versus $25,000+ per month in total compensation for a full-time in-house hire. You get senior expertise and a full team for a fraction of the cost.
Is this real FINTRAC consulting, or just a name on a document?
Real consulting. We run your program day to day: monitoring regulatory change, guiding KYC, EDD, transaction monitoring and STR reporting, preparing you for audits, and answering compliance questions as they arise. You get a strategic partner, not a checkbox.
Do all MSBs need a Chief Compliance Officer?
FINTRAC expects every registered MSB to appoint a compliance officer and maintain a documented, operational AML program. For most small and mid-size MSBs, a fractional CCO is the most practical and affordable way to meet that expectation properly.
From the blog
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