foreignexchangecompliance.builtfordealerswhomovemoney,notpaperwork.
Foreign exchange dealers are classified as MSBs under the PCMLTFA and face the full suite of FINTRAC obligations. FX-specific risks around large cash transactions, cross-border transfers, and structuring patterns require sector-specific compliance knowledge.
therequirements.
FX dealers face unique compliance challenges that generic programs don't adequately address. Large cash volumes, cross-border transfers, walk-in customers, and structuring risk all require tailored controls and monitoring.
- FINTRAC MSB registration and biennial renewal
- Named compliance officer (CAMLO) with authority to implement the program
- Large cash transaction reporting for $10,000+ thresholds
- EFT reporting for cross-border transfers
- Suspicious transaction reporting and third-party determination
- PEP and sanctions screening for all customers
- Record keeping for a minimum of five years
whatweprovide.
The same outsourced compliance model, positioned specifically for FX dealer operations.
Named CAMLO & AML/ATF program
A CAMS-certified compliance officer on your FINTRAC registration with AML/ATF policies and procedures tailored specifically to foreign exchange operations.
Transaction reporting
Large cash transaction reports ($10,000+ threshold), EFT reports for cross-border transfers, and suspicious transaction reports — all filed through Comply+ for accuracy and timeliness.
KYC framework for FX operations
Client identification and verification procedures for walk-in and recurring customers, third-party determination requirements, and PEP and sanctions screening.
Risk assessment & effectiveness reviews
Documented risk assessment reflecting your actual FX activities, products, clients, and geographies. Biennial effectiveness review coordination and preparation.