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Armoured Car Compliance

armoured car compliance. new rules, clear guidance, one team to handle it.

Armoured car companies that transport currency, money orders, traveller's cheques, or other negotiable instruments became subject to PCMLTFA requirements as of July 1, 2024. Most operators have never dealt with these obligations before.

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whatthismeans.

If you transport currency or negotiable instruments, you now face the full suite of FINTRAC obligations — registration, compliance program, named compliance officer, and reporting. These aren't optional, and the first effectiveness review deadline is approaching fast.

  • FINTRAC MSB registration required (if not already completed)
  • A named compliance officer (CAMLO) responsible for implementing the program
  • Written AML/ATF policies and procedures
  • Documented risk assessment and ongoing training for staff
  • LCTR and STR filing for shipments involving $10,000+
  • Record keeping for a minimum of five years
  • Independent effectiveness review due within two years of go-live — mid-2026 for most

howwehelp.

End-to-end compliance for armoured car operators navigating PCMLTFA requirements for the first time.

Named compliance officer (CAMLO)

A CAMS-certified compliance officer on your FINTRAC registration with the authority and knowledge to implement and maintain your AML/ATF program.

Full compliance program build

Written policies and procedures, documented risk assessment, and a training program for staff — everything FINTRAC requires, tailored to armoured car operations.

FINTRAC reporting via Comply+

Filing reports when shipments involve $10,000+ (LCTRs, suspicious transactions) through the Comply+ platform. Structured, accurate, and on time.

Effectiveness review preparation

Your first independent effectiveness review is due within two years of go-live — mid-2026 for most armoured car companies. We prepare and coordinate the entire process.

yourcomplianceteam.

provides strategic oversight and regulatory positioning, drawing on experience building compliance programs for regulated financial entities from the ground up. handles day-to-day compliance execution — policies, controls, staff training, and FINTRAC reporting oversight. Together with Comply+, that's a complete compliance function built for operators who are new to these obligations.
CPACFACAMS
Luke ThibodeauCPA · CFA · CAMSFounder and CEO

Luke is a finance and compliance operator who works hands-on with bitcoin-native companies, fintechs, and MSBs as a fractional CFO and CCO through Rockwell Advisory Group. As former CFO & CCO of Bitcoin Well (TSXV:BTCW), he built and ran the finance, compliance, and governance functions across a publicly listed, multi-entity crypto company from the ground up.

Today he brings that same operational depth to clients navigating treasury management, FINTRAC compliance, financial reporting, and corporate governance. Whether it's standing up a compliance program for a new MSB, managing multi-entity consolidations, or advising on AI strategy through Rockwell AI, Luke operates as an embedded member of the team rather than an outside advisor. He also founded Comply+, a RegTech platform automating FINTRAC reporting for Canadian MSBs, born directly from the pain points he encountered building compliance workflows by hand.

Charles KlineCAMSHead of Compliance

Charles leads compliance and risk for Rockwell Advisory Group, helping fintechs, MSBs, and payments companies build AML and KYC programs, tighten onboarding and monitoring, and stay aligned with FINTRAC and Canadian regulatory expectations. CAMS-certified, he works as an embedded operator: policies, controls, training, audit readiness, and the day-to-day execution that backs them up.

Previously he served as Compliance Officer and Director of Risk & Compliance at Peloton Technologies, running the enterprise AML program (including FCAC and RPAA), leading the RPAA roll-out for a large organization, training analysts on KYC, sanctions, and FINTRAC reporting, leading the first external Compliance Effectiveness Review, and rebuilding onboarding for FINTRAC KYC. Before that he was Head of Underwriting & Risk at Orchard Technologies, building PayFac-ready underwriting and AML frameworks and automated onboarding from early stage through Global Payments partnership. At Lightspeed Commerce (Payments), he scaled underwriting from a solo function to a global team of twenty across North America, EMEA, and APAC while keeping fraud losses below industry benchmarks.

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