Safety of Your Money

The safety of your money is an important consideration when deciding which provider you use to send money internationally.

CanadianForex is part of The OzForex Group which also includes UKForex, NZForex, OzForex, ClearFX and Tranzfers. The Group completes over 300,000 funds transfers per year on behalf of over 100,000 transacting customers, and has annual turnover of US$7 billion.

Since its launch in 1998, the OzForex Group has grown to be one of the world's largest online foreign exchange companies, with dealing rooms in Sydney, London and Toronto. The Group is a strategic investment of Macquarie Bank, Accel Partners and the Carlyle Group.

CanadianForex is registered with FINTRAC (Registration number M08560392).

CanadianForex offers a safe and regulated alternative to the banks for transferring funds. CanadianForex efficiently transfers money from customer to beneficiary via leading financial institutions. CanadianForex does not pay out customer transfers until customers have paid CanadianForex. This means the Company has no settlement risk on transfers. As CanadianForex does not carry any overnight market risk, the Company does not suffer losses resulting from exchange rate movements and so you can feel comfortable that your transfer will reach the recipient on time, every time.

Your funds are held in accounts with major financial institutions and are only released once your outward payment has been sent. CanadianForex is a trusted provider to thousands of customers world-wide who have enjoyed the benefits of excellent rates and low fees without compromising on service.

CanadianForex and other Money Services Businesses are subject to the Proceeds of Crime, Money Laundering and Counter Terrorism Funding Act (PCMLCTF) in Canada. It is a legal requirement that any similar business is registered with FINTRAC and you should check that registration.

You can visit the FINTRAC  website to learn more about the regulatory environment in Canada and to check the Money Services Business Registry for us and any other similar business you may consider.

You may also wish to read the press release for details of Macquarie Bank's Bank's investment in OzForex in 2007, and the subsequent addition of Accel Partners and the Carlyle Group as strategic investors in 2010 in the Media Centre.

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© 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.