We are proud to announce that Euro Asia Pay was approved as a Money Service Business by the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) under the PCMLTFA.
As stated by FINTRAC, a comprehensive and effective compliance program is the basis of a money service business. For that reason, all employees of EAP and businesses partners were trained under the agency workbook as a way of demonstrating that the required documentation is in place and that employees, agents, and all others authorized to act on our behalf are well trained and can effectively implement all the elements of our compliance program.
The Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) is Canada’s financial intelligence unit. Its mandate is to facilitate the detection, prevention and deterrence of money laundering and the financing of terrorist activities, while ensuring the protection of personal information under its control.