Understanding Compliance & Regulation for Global Payments

How CCYFX keeps your business fully compliant under FINTRAC and international AML standards

In today’s financial landscape, compliance is not just a box-ticking exercise — it’s the foundation of trust between payment providers, banks, and clients.

Whether you’re a fintech, a corporate service provider, or an international business moving funds between jurisdictions, understanding AML (Anti-Money Laundering) and KYC (Know-Your-Customer) requirements is critical. At CCYFX, compliance is built into every layer of our infrastructure. We operate as a FINTRAC-registered Money Services Business (MSB) in Canada, which means we meet stringent standards for customer due diligence, record-keeping, and transaction monitoring.

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FINTRAC (Financial Transactions and Reports Analysis Centre of Canada) is Canada’s national financial intelligence unit — and every MSB operating under its supervision must follow strict reporting and anti-financial-crime protocols.

When you open an account with CCYFX, you can be confident that:

• All client onboarding follows enhanced KYC and verification standards.
• Transactions are continuously monitored to detect suspicious or unusual activity.
• Your data is handled securely in accordance with Canadian privacy law and GDPR-aligned standards.
• Every partner EMI or correspondent bank we work with also meets comparable AML/CTF frameworks.
  

Compliance isn’t a barrier — it’s what makes your global payment flows credible, safe, and accepted by the world’s most reliable financial institutions.

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Our Transaction Monitoring systems run around the clock to identify unusual activity patterns across jurisdictions and currencies. These automated systems, supported by manual review, help detect potential risks early and maintain a clean operational record with banking partners.

We also perform daily Sanctions and PEP (Politically Exposed Persons) Screening against major international lists, including OFAC, the United Nations, and the European Union. This ensures that no restricted individuals or entities are transacting through our network.

Comprehensive Record-Keeping forms another core pillar of our compliance program. Every transaction and customer record is securely stored for the regulatory retention period, enabling full traceability in accordance with Canadian law.

Finally, we maintain strict Reporting Obligations, including the filing of Suspicious Transaction Reports (STRs) and Large Cash Transaction Reports (LCTRs) whenever required. These processes ensure that CCYFX remains a trusted financial intermediary in the global payments ecosystem.

We make compliance effortless by combining AI-driven verification technology with expert human oversight. This hybrid model ensures both precision and efficiency at every step of the onboarding process. Our compliance team works directly with regulators, banks, and EMIs — preventing issues such as frozen accounts, documentation delays, or rejected files before they occur.

The process is simple. Clients upload their corporate documents through our secure portal, and our compliance division completes verification within 24 to 48 hours. Once approved, your business account is activated for international payments, currency exchange, and multi-currency settlement — all within a regulated environment.

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