Regulatory Reporting
Compliance. An Integral Part of Our Business Practices
At MTFX we believe that compliance is an essential ingredient to managing a successful business. As a Money Service Business we take our compliance and legal responsibilities seriously and integrate them into our daily operations and everything that we do.
The MTFX Compliance and legal department works closely with government agencies and our bankers to combat the threats of anti-money laundering and terrorist financing. Our compliance program has been developed around the framework of the proceeds of crime (Money Laundering) and Terrorist Financing Act ("PCMLTFA") and guidelines provided by The Financial Transactions Reports Analysis Centre of Canada (FINTRAC).
As a reporting entity, MTFX is obligated to report payments and settlements under the PCMLTFA to FINTRAC based on published reporting guidelines.
Our Chief Anti-Money Laundering Officer is responsible for the adherence of all legislative and reporting requirements under the guidelines set out by PCMLTFA and FINTRAC.
