As of mid-2026

FINTRAC's Most Wanted

Failing to take prescribed special measures for high-risk clients

Welcome back compliance friends! We're at Number 7 on our list of FINTRAC's Most Wanted monetary penalties.

Since the beginning of last year six companies were penalized with: Failing to take prescribed special measures for high-risk clients.

Some of these companies may have, in fact, identified that their clients are higher risk but they didn't do anything differently once they uncovered the red flags.

In the eyes of regulators, high risk isn't just a label you slap on a file — it's a trigger for a completely different set of rules.

You can't treat a PEP or a high-roller type of entity the same way you would treat a standard retail customer.

If you aren't applying enhanced monitoring or specialized transaction rules — maybe enhanced due diligence (EDD) — then your high risk clients just become a huge regulatory vulnerability.

This is where Rhizome turns "high risk" into "highly managed."

Our risk assessment engine assigns a score but then that score flows directly into our monitoring system.

When a client is flagged as high risk Rhizome can automatically trigger targeted transaction monitoring rules specifically designed for that profile.

We have machine learning based rules, LLM-based rules, etc.

We also update customer risk scores in real time as alerts are generated or escalated or reports are filed or even external factors that you can define, like say you get a law-enforcement request or a production order, all of this factors in and it has a full immutable audit trail.

Reach out to us to see how we can help with the rest of your compliance program.