Compliance
Fincross is building its compliance framework around AML/ATF controls, responsible risk management and clear separation of Canadian regulatory requirements.
Regulatory clarity
FINTRAC MSB registration and Bank of Canada PSP/RPAA registration are separate processes. FINTRAC relates to money services business and AML/ATF obligations. Bank of Canada PSP/RPAA registration relates to retail payment supervision, operational risk, incident response and safeguarding where applicable.
Fincross will not offer regulated services through this website until the applicable requirements, registrations and operating controls are completed.
Customer due diligence
Identity verification, customer risk rating, beneficial ownership checks and enhanced due diligence triggers.
Screening and monitoring
Sanctions, PEP/HIO, adverse media, transaction monitoring and escalation of unusual or suspicious activity.
Records and training
Documented policies, audit-ready records, compliance training and periodic review of the AML/ATF program.