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Regulator Performance Overview
275
46
26
3
0
1
Insurance coverage protecting client deposits and funds
Requirement for client funds to be held separately from company funds
Medium
Tier 3
Money services business registration; foreign exchange dealers; remittance; virtual currency dealer
Detailed assessment of regulatory capabilities and effectiveness
Detailed breakdown of the 6 key regulatory performance indicators
Value and prestige of licenses issued by this regulator
Effectiveness of regulatory framework and enforcement
This regulator shows below average performance with an overall score of 46.
Strongest performance in Institutional
Transparency Level: medium
Global Tier: tier3
Founded in 2000, the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) is the nation's financial intelligence unit (FIU), operating under the Proceeds of Crime (Money Laundering) and Terrorist Financing Act (PCMLTFA) and its associated regulations.
As a standalone agency located in Ottawa, FINTRAC is an independent government agency with a mandate to identify, deter, and prevent money laundering, terrorist financing, and other threats to the country's financial security.While it is independent, FINTRAC is accountable to Canada's Department of Finance.
Protection against negative account balances in trading
Access to qualified investment professionals and advisory services
Government-regulated
North Korea – UN-sanctioned countries
Registration free; compliance costs
Canada
canada
North Korea – UN-sanctioned countries
Money transfer; currency exchange; remittance
Online portal available
Complaints to FINTRAC or Office of the Privacy Commissioner
N/A
Information not available
Contact regulator for details
International Organization of Securities Commissions
Member of the global body that brings together the world's securities regulators
Financial Action Task Force
Member of the inter-governmental body that sets standards for combating money laundering
Commitment to international standards for anti-money laundering and counter-terrorism financing
Institutional strength and organizational capability
Risk assessment and management protocols
Investor protection measures and safeguards
Client fund protection and insurance coverage
Brokers authorized and regulated by this authority
United KingdomUnited KingdomUnited Kingdom+6 more licenses
United StatesUnited StatesUnited Kingdom+4 more licensesUnited States
Canada
Australia+2 more licensesCanadaUnited States
South Africa+2 more licenses
Hong KongAustralia
New Zealand+2 more licensesAustraliaAustraliaCanada+1 more licensesUnited StatesUnited KingdomCanadaAustraliaCanada
VanuatuAustraliaCanadaCanadaCanadaUnited StatesUnited StatesUnited StatesCanada+1 more licensesCanadaUnited States
