Compliance & Security

Our unwavering commitment to regulatory excellence and customer protection.

FINTRAC Registered MSB

PayKorp is officially registered with the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) as a Money Services Business.

Registration Number: MSB-######

This registration demonstrates our commitment to operating within Canadian regulatory frameworks and maintaining the highest standards of compliance.

Regulatory Framework

🏛️ FINTRAC (Financial Transactions and Reports Analysis Centre of Canada)

Canada's financial intelligence unit responsible for detecting, preventing, and deterring money laundering and terrorist financing activities.

  • Regular compliance reporting
  • Transaction monitoring and analysis
  • Suspicious transaction reporting
  • Large cash transaction reporting

📋 PCMLTFA (Proceeds of Crime Money Laundering and Terrorist Financing Act)

Federal legislation that establishes Canada's anti-money laundering and anti-terrorist financing regime.

  • Customer due diligence requirements
  • Record keeping obligations
  • Beneficial ownership identification
  • Ongoing monitoring procedures

Our Compliance Policies

🔍

Know Your Customer (KYC)

Comprehensive identity verification processes ensure we know who our customers are and understand the nature of their business relationships with us.

👥

Customer Due Diligence (CDD)

Risk-based approach to customer assessment, including enhanced due diligence for high-risk customers and politically exposed persons (PEPs).

📊

Transaction Monitoring

Advanced systems monitor all transactions for suspicious patterns, unusual activity, and compliance with regulatory thresholds and requirements.

🛡️

Data Protection & Privacy

Strict data handling procedures ensure customer information is protected according to Canadian privacy laws and international best practices.

📝

Record Keeping

Comprehensive record-keeping systems maintain detailed transaction histories and customer information as required by Canadian regulations.

🎓

Staff Training

Regular compliance training ensures all staff members understand their obligations under Canadian AML/CTF legislation and company policies.

Registered. Regulated. Responsible.

We maintain the highest standards of regulatory compliance to protect our customers and contribute to the integrity of Canada's financial system.

Questions About Our Compliance?

Our compliance team is available to address any questions about our regulatory framework, policies, or procedures. We believe in transparency and are committed to maintaining open communication with our customers about our compliance practices.

Contact Compliance Team