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General Compliance

Yes, EbixCash World Money Limited is a FINTRAC-registered Money Services Business (MSB) in Canada. We fully comply with Canadian laws, including the Proceeds of Crime (Money Laundering) and Terrorist Financing Act (PCMLTFA) and its associated regulations.

We adhere to strict Anti-Money Laundering (AML) and Counter-Terrorist Financing (CTF) protocols, including:

Verifying customer identity through government-issued ID and proof of address.
Monitoring transactions for unusual or suspicious activity.
Reporting large cash transactions (over CAD 10,000) and suspicious transactions to FINTRAC.
Maintaining detailed records of all transactions as per Canadian regulations.

FINTRAC (Financial Transactions and Reports Analysis Centre of Canada) is the federal agency responsible for monitoring compliance with AML and CTF laws. All our transactions and processes are designed to meet FINTRAC requirements, ensuring transparency and accountability.

Know Your Customer (KYC) Policies

For compliance purposes, we collect and verify the following:

Personal Identification: A government-issued photo ID (passport, driver’s license, etc.).
Proof of Address: A utility bill, bank statement, or other official document showing the customer’s current address.
Purpose of Transaction: A brief explanation of the reason for the transaction.

As per Canadian laws, collecting customer information is mandatory to ensure compliance with AML and CTF regulations, prevent financial crimes, and protect both the customer and the financial system.

No. All customers, regardless of transaction size, must provide basic identification. For larger transactions, additional documentation may be requested.

General Compliance

Know Your Customer (KYC) Policies

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FAQS

General Compliance

1. Is EbixCash World Money Limited a regulated entity?

2. How does EbixCash ensure compliance with AML and CTF regulations?

3. What is FINTRAC, and how does it affect your services?

Know Your Customer (KYC) Policies

1. What customer information is required to use your services?

2. Why do I need to provide this information?

3. Are there any exceptions to these requirements?

Our Services

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