About AlphaDelta | AML Experience Under Regulatory Scrutiny

The Firm

Who We Are

AlphaDelta is an independent AML advisory firm specializing in independent AML effectiveness reviews and senior advisory for Canadian reporting entities.

Our work draws on senior experience building and owning AML programs, defending them during audits and regulatory examinations, and conducting examinations as a regulator.

That perspective shapes how we assess whether programs operate effectively in practice, challenge assumptions and support decisions that must be clear, practical and defensible.

Our experience spans major regulated sectors, including financial institutions, securities dealers, money services businesses (MSBs), fintechs, mortgage businesses, life insurance and real estate.

Our Purpose

Why AlphaDelta Exists

AlphaDelta was created to operate at the level where regulatory posture is formed - where legal obligations, business realities, executive priorities and operational decisions come together.

The firm was built to provide guidance grounded in lived accountability. That means understanding not only the regulation, but also the relationships and trade-offs involved in leading an AML program: advising executives, working across legal, compliance, technology and marketing teams, engaging regulators and defending decisions when they are challenged.

AlphaDelta extends that experience beyond a single institution, creating a platform through which senior AML expertise can help multiple Canadian reporting entities strengthen their programs, navigate scrutiny and make better decisions.

The objective is not simply to identify deficiencies or produce recommendations. It is to help organizations develop programs, leadership capability and regulatory positions that work in practice and can withstand scrutiny.

Our Perspective

The AlphaDelta Perspective

AlphaDelta’s perspective is grounded in direct experience across the regulatory lifecycle.

The firm is informed by:

building and owning AML programs;
defending programs during audits and regulatory examinations;
conducting examinations as a regulator;
executive governance, board reporting and remediation;
regulatory policy development and industry advisory work.

This experience provides a practical understanding of how obligations are interpreted, controls are tested, findings are formed and management decisions are evaluated under scrutiny.

Founder

Andrew Morris

Founder & Principal

Andrew Morris is the Founder and Principal of AlphaDelta Advisory Group and an AML and compliance leader with nearly two decades of experience across regulatory, executive and program-owner roles.

He has served as an IIROC (CIRO) examiner, Chief Compliance Officer and enterprise AML program owner, and has built and defended programs under FINTRAC, IIROC/CIRO, OSC, OSFI and independent audit scrutiny.

Andrew’s experience spans securities dealers, money services businesses, trust and loan companies, insurance, real estate, wealth management and armoured transport. This includes designing and implementing Canada’s first national AML/ATF program for the armoured-car sector, from regulatory interpretation through national rollout and board-level governance.
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Andrew also serves as faculty and program co-chair at Osgoode Professional Development. He has contributed to public-private AML policy dialogue through Finance Canada and FINTRAC forums, represented industry on the Advisory Committee on Money Laundering and Terrorist Financing (ACMLTF), and participated in the FATF Private Sector Consultative Forum from 2022 to 2025.

AlphaDelta reflects the accumulation of this regulatory, operational, executive and supervisory experience - applied through independent review and senior advisory support.

When was your last AML effectiveness review?