Fintrac
VANEX is managed and verified by the Canadian regulatory agency FINTRAC(#M19031569) for your peace of mind.
Our Fintrac License
At Vanex Group, we're committed to providing our customers with the best possible currency exchange services. That's why we're proud to be a licensed and regulated money services business under the Financial Transactions and Reports Analysis Centre of Canada (Fintrac). Our Fintrac license ensures that we comply with all relevant Canadian laws and regulations related to money laundering, terrorist financing, and other financial crimes.
What is Fintrac
Fintrac is an independent agency of the Government of Canada that was established in 2000 to help prevent and detect money laundering, terrorist financing, and other financial crimes. Fintrac is responsible for enforcing Canada's Anti-Money Laundering and Anti-Terrorist Financing (AML/ATF) laws and regulations, which apply to a wide range of businesses and industries, including money services businesses like Vanex Group.
Why is a Fintrac License Important?
Fintrac is an independent agency of the Government of Canada that was established in 2000 to help prevent and detect money laundering, terrorist financing, and other financial crimes. Fintrac is responsible for enforcing Canada's Anti-Money Laundering and Anti-Terrorist Financing (AML/ATF) laws and regulations, which apply to a wide range of businesses and industries, including money services businesses like Vanex Group.
Our Fintrac License
At Vanex Group, we take our Fintrac license seriously. Our license number is #M19031569, and we renew it annually to ensure that we continue to meet all relevant AML/ATF requirements. Our compliance program includes ongoing training for our staff, regular risk assessments, and continuous monitoring of our transactions and customer activity.
At Vanex Group, we're committed to providing our customers with the best possible currency exchange services, while also upholding the highest standards of AML/ATF compliance. Our Fintrac license is an important indication of our commitment to transparency, accountability, and integrity. Contact us today to learn more about how we can help you with your currency exchange needs while also complying with all relevant Canadian laws and regulations.