FLOURISHING MART LIMITED (FM EXCHANGE), is registered with the Financial Transactions Reports Analysis Centre of Canada ("FINTRAC") as a money service business and it is able to provide foreign exchange dealings and money transfer services to customers resident in Canada.
In accordance with the Proceeds of Crime (Money Laundering) and Terrorist Financing Act (“PCMLTFA”) and associated regulations, FM Exchange has implemented a compliance program that includes:
- Compliance officer: The appointment of a chief compliance officer to supervise the AML/KYC team
- Risk assessment to evaluate all risks related to money laundering and terrorist financing.
- Compliance policies and procedures including AML/Compliance policy, Know Your Customer (“KYC”) procedures, Ongoing monitoring and business relationship, Transaction reporting requirements and Record keeping requirements.
- Compliance training program.
- Regular review of our Policy.
For more information on our AML/KYC policy, please send an email to: fraudmgt@fmexchange.ca
