tms-Monitor


Easing the burden of FINTRAC compliance for Canadian MSBs

 

AML/ATF Compliance Transaction Management System
**Release 2.1 Includes June 2021 FINTRAC Requirements


Small and medium Canadian Money Services Businesses (MSBs) are saying that PCMLTA legislation and FINTRAC requirements are:
  • Onerous and hard to implement
  • Negatively impacting relationships with their financial institution partner

Complying with FINTRAC requirements has been a major challenge for MSBs

Ever-changing regulations has required the development of homegrown processes and systems to address regulations. This has increased complexity and workload, making MSBs less efficient...

tms-Monitor: Easing the burden of FINTRAC compliance for small and medium Canadian MSBs

Easy to use

Clear and easy navigation ensures easy to learn and easy to use software.    Navigation options available are determined by the type and role of the logged in user.

Custom Client & Transaction Reporting

Build your own Custom Reports based on Client data and transaction activity.  Select the details you want to track.

Custom Transaction Reports

Customize the data shown in your Transaction reports. Spot trends in client Activity.

Custom Monitoring Frequency

Customize Compliance Settings. Specify the interval that Client Reviews and Risk Assessments are performed.

Client Reviews

Set your Monitoring Frequency for High Risk and Low Risk clients. The system will alert you when client reviews are due.

Faster Reviews and Audits

Change logs provide a fast and easy way to demonstrate FINTRAC compliance during annual reviews and Audits.
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tms-Monitor

A software system that helps you achieve compliance with FINTRAC requirements efficiently and confidently – and in a package that is affordable and easy to implement

Eliminate complicated systems and increase efficiency

By consolidating fragmented data systems onto a single platform, you can greatly improve efficiency.
tms-Monitor is a centrally accessed system that encourages the collaboration of your front and back-office staff:

  •   Easily display detailed client history, ongoing relationship notes and alerts to speed-up client processing and reduce data input errors
  •   Secure access to shared data across branches increases productivity and insights into customer activity, and reduces transaction "structuring"
  •   Fast and easy Customized reporting and data exports result in reduction in time required to prepare for FINTRAC exams, annual assessments, biennial reviews and FINTRAC Report submissions
  •   Clear and easy navigation ensures easy to learn and easy to use software

Increase confidence in your compliance regime

tms-Monitor reduces the risk of errors associated with running independent systems and can be customized to fit into your unique compliance regime.

  •   Up-to-date data tracking includes PEP/HIO or business details, Enhanced Measures for high-risk clients and Transaction Assessments that include 24-hour rule, Virtual Currency, Third Parties and Transaction Beneficiary
  •   System notifications ensure you never miss important tasks: expired identifications, important data that is missing, or client reviews that are due
  •   Boost your ongoing monitoring program by customizing and scheduling automated transaction risk assessments to match your monitoring frequency, and including only the areas you need to evaluate
  •   Change logs, Client Review History, and Risk Assessment logs demonstrate your compliance for Biennial Effectiveness Reviews and FINTRAC examinations
Book a demo Download our brochure for details

Customer Testimonial

“tms-Monitor allows me to easily comply with FINTRAC requirements. I love the reporting feature that lets me produce custom reports based on a variety of different criteria. Please introduce this software to other MSBs – they can really benefit from it.”

Eleanor Rogers, Wellington Foreign Exchange


Who is behind tms-Monitor?

Kinsella Computer Consultants Inc. (KCC), the company behind tms-Monitor, is an IT services company. KCC’s line of business includes client server business applications, and website design and web application development. In operation since 1994, KCC has a long history and list of clients in the private and public sectors.

Installation, Data Imports and ApplicationCustomization: Our support team can help you get you started and will modify the software according to the specific needs of your MSB (Money Services Business) or industry sector. Call today for an estimate.


© 2020-2022   Kinsella Computer Consultants Inc.   All Rights Reserved.    Operating in Kingston, Ontario  CANADA