Money Laundering Statement

Service Provider
 
The CanadianForex service is provided by CanadianForex Limited (CN: 674939-9). CanadianForex is registered with FINTRAC (Registration No. M08560392) and is required to comply strictly with the Proceeds of Crime (Money Laundering) & Terrorist Financing Act and associated regulations.
 
Money Laundering
 
The prevention of money laundering is a key focus of regulatory authorities in developed countries. Money laundering regulations are designed to inhibit the movement of funds derived from criminal activity and to restrict the availability of money to fund terrorist activities.
 
CanadianForex is committed to preventing money laundering through its service and complies strictly with the regulatory requirements including taking such measures as the following.

  • Identifying clients.
  • Monitoring and reporting suspicious transactions.
  • Maintaining client records for at least seven years.

Identification and Transactional Information
 
CanadianForex is obliged by legislation to collect identification information from all clients and to verify that information prior to transacting with them. All money transmitters are subject to the same regulations. It is extremely important that you comply promptly and fully with any request we make for identification information, even if it is inconvenient.
 
CanadianForex may also require information as to the nature and purpose of the transaction you are proposing to enter into. The amount of information required will depend on the jurisdictions involved, but any such request for transactional information is equally important and will only be made if it is necessary for CanadianForex to comply with its statutory obligations.
 
Use of Identification Obligation

You should assume that all information provided to CanadianForex could be made available to regulatory authorities in both the country of origin of the funds and in the country to which the funds are being sent.
 
No Cash or Credit Cards
 
In order to reduce the risk that our service could be used for money laundering purposes, we will not accept payment in cash, by cheque or by credit card or debit card. All money is received and remitted by us by electronic means only.
 
Right to Refuse to Process a Transaction

CanadianForex reserves the right to refuse to accept you as a client or to refuse to process any transaction at any stage of our relationship if we have reason to believe that information you have provided to us is false or misleading or that a proposed  transfer may be connected in some way with an illegal activity.
 
Reporting Obligations
 
CanadianForex is obliged to report all suspicious transactions. By using our service for improper purposes, you could expose yourself to criminal prosecution as we are bound to report any suspicion of such activities to the authorities. Examples of suspicious conduct include, but are not limited to:

  • Breaking a large transaction into smaller transactions to avoid reporting thresholds.
  • Providing false or misleading contact details.
  • Providing false identification documents.

CanadianForex does not want your business if the funds are sourced from criminal activity or the nature of the transaction is illegal in any way.

Currency Converter

select
select
Rate: 1.0062
=
Rate: 0.9938
=
Go
See My FX Dashboard for more info

Register Free

Registration is quick and easy. Access live customer rates, free tools and make international payments.

Register today
Already registered? Login
Get free rate alerts
 / 

: Choose ccy pair and enter the exchange rate. An alert will be triggered when the exchange rate is reached and an email will be sent to you. You can unsubscribe any time and your email address is safe – see our Privacy Policy.
Get our free commentary
Commentary: Stay on top of the news with updates from our expert dealers on the latest currency movements. You can unsubscribe any time and your email address is safe – see our >Privacy Policy.
Keep me up to date: RSS

Mobile Forex trading tools

Make money transfers or currency conversions on the go via our mobile site, iPhone or Android apps. Learn more here

Banners

Sitemap

You're in good hands:

© 2011 Copyright CanadianForex Limited

The CanadianForex service is owned and provided by CanadianForex Limited [CN: 674939-9] ("CanadianForex"). Any reference on this page to "we", "us", or "our" is a reference to CanadianForex.

CanadianForex is part of the global OzForex Group and is a wholly owned subsidiary of OzForex Pty Ltd (ACN: 092 375 703), an Australian company, whose shareholders include Accel Partners and the Carlyle Group in the US, and Macquarie Bank in Australia.
 
Where any information is provided by CanadianForex, it is done so without considering the investment objectives, financial situation and particular needs of any person. Before acting on any general advice, you should consider its appropriateness to your circumstances. To the extent permitted by law, CanadianForex makes no warranty as to the accuracy or suitability of any information and accepts no responsibility for errors or misstatements, negligent or otherwise. Any quotes given are indicative only. The information may be based on assumptions or market conditions and may change without notice. No part of the information is to be construed as a solicitation to make a financial investment.

DISCLAIMER: CanadianForex makes no warranty, express or implied, concerning the suitability, completeness, quality or exactness of the information and models provided in this web site. Read full disclaimer.

CanadianForex provides international money transfer services to private clients and business customers. Use our free currency converter, exchange rate charts, economic calendar, in-depth currency news and updates and benefit from competitive exchange rates and outstanding customer service.