Effective date: 01.07.2026
1519822 B.C. LTD, trading as FluxRemit ("Company"), is registered with FINTRAC as a Money Services Business and is subject to the PCMLTFA and its regulations. This Notice explains why we collect customer information and how our compliance obligations may affect the services we provide.
1. Customer Identification
Before providing services, we are required to verify the identity of customers and, where applicable, beneficial owners, directors, and authorised representatives, using government-issued identification and other documentation as required under the PCMLTFA regulations.
2. Source of Funds and Source of Wealth
Depending on the customer's risk profile and transaction activity, we may request information regarding the origin of funds used in transactions and the customer's overall source of wealth, supported by documentation such as bank statements, business records, or tax documents.
3. Ongoing Monitoring
We conduct ongoing monitoring of customer relationships and transaction activity to identify transactions that are unusual, unexpected, or inconsistent with what we know about a customer. Where such activity is identified, we may request additional information before processing a transaction, and, where required, will file a Suspicious Transaction Report with FINTRAC.
4. Reporting Obligations
As a registered MSB, we are subject to reporting obligations under the PCMLTFA, including large cash transaction reporting, international electronic funds transfer reporting for transactions of CAD 10,000 or more, and suspicious transaction reporting, which has no minimum threshold. In certain circumstances, we may be legally prohibited from informing a customer that a report has been made (tipping off is a criminal offence under the PCMLTFA).
5. Sanctions Screening
We screen customers and transactions against sanctions lists maintained under Canadian law, including lists administered under the United Nations Act, the Special Economic Measures Act, and the Justice for Victims of Corrupt Foreign Officials Act, as consolidated by the Office of the Superintendent of Financial Institutions (OSFI). We will refuse, restrict, or terminate services where a sanctions concern arises.
6. Politically Exposed Persons and Enhanced Due Diligence
Customers who are politically exposed persons, heads of international organisations, their family members or close associates, or who otherwise present elevated risk, are subject to enhanced due diligence, which may include senior management approval and additional source of funds verification, consistent with FINTRAC requirements.
7. Virtual Currency
Our FINTRAC registration includes virtual currency dealing as a registered service category. Where virtual currency functionality becomes available, additional verification relating to wallet ownership and transaction screening will apply, as described in our Cryptocurrency Risk Disclosure.
8. Recordkeeping
We retain identification, transaction, and due diligence records for the periods required under the PCMLTFA and its regulations, generally not less than five years from the date the relevant record was created or the business relationship ended.
9. Refusal, Restriction, or Termination
We reserve the right to refuse, delay, restrict, or terminate services where we are unable to satisfy applicable compliance requirements or where we identify legal, regulatory, or financial crime risk.
10. Customer Obligations
Customers must provide accurate and complete information, notify us promptly of material changes, and cooperate with our reasonable requests for information. Providing false or misleading information may result in refusal of service, account restriction, or reporting to competent authorities.
Contact
Compliance Department, 1519822 B.C. LTD, trading as FluxRemit.
Email: operation@flux-remit.com
Address: 1771 Robson Street, Vancouver, BC V6G 3B7, Canada
