Compliance & Regulation
Operating with integrity and full regulatory compliance is at the core of everything we do.
FINTRAC Registration
Strefopay is registered with the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) as a Money Service Business (MSB). This registration confirms our compliance with the Proceeds of Crime (Money Laundering) and Terrorist Financing Act (PCMLTFA) and its associated regulations.
As a registered MSB, we are subject to regulatory oversight and maintain rigorous internal controls, policies, and procedures to prevent money laundering and terrorist financing activities.
Our Compliance Framework
We maintain a robust compliance program aligned with Canadian regulatory requirements and international best practices.
Anti-Money Laundering (AML)
We maintain a comprehensive AML program that includes customer due diligence, transaction monitoring, suspicious transaction reporting, and ongoing risk assessments in accordance with PCMLTFA requirements.
Know Your Customer (KYC)
All clients undergo thorough identity verification procedures before accessing our services. We collect and verify identification documents as required by Canadian regulations.
Sanctions Screening
Every transaction is screened against Canadian and international sanctions lists, including those maintained by the United Nations, OFAC, and the Canadian government.
Record Keeping
We maintain detailed records of all transactions and client information for the regulatory minimum period, ensuring full traceability and audit readiness.
Suspicious Transaction Reporting
Our compliance team monitors transactions for unusual activity and files Suspicious Transaction Reports (STRs) with FINTRAC as required by law.
Staff Training
All employees receive regular compliance training on AML/ATF obligations, recognizing suspicious activity, and proper reporting procedures.
Key Regulatory References
PCMLTFA
Proceeds of Crime (Money Laundering) and Terrorist Financing Act — Canada's primary legislation governing money service businesses and anti-money laundering obligations.
FINTRAC Guidelines
We follow all FINTRAC guidelines for MSBs including reporting requirements, record-keeping standards, and compliance program obligations.
Privacy Act
Client information is handled in accordance with the Personal Information Protection and Electronic Documents Act (PIPEDA) and applicable provincial privacy legislation.
Consumer Protection
We adhere to all applicable consumer protection regulations to ensure fair treatment, transparent pricing, and clear service terms for our clients.
Questions About Compliance?
Our compliance team is available to address any regulatory questions or concerns you may have.
Contact Our Compliance Team