Regulatory Compliance
As you are aware it is imperative we all do our part to prevent and detect money laundering and terrorist financing activity in the financial community.
Travelex is committed to the prevention and detection of money laundering and terrorist financing. Not only does Travelex endeavour to fully comply with all laws and regulations governing our business in each country where we operate, but we also impose additional policies and procedures to ensure that all our operations meet our own stringent standards.
In Canada, our policies and procedures have been adapted to comply with all applicable laws and regulations, most notably the Proceeds of Crime (Money Laundering) and Terrorist Financing Act.
Our Know Your Customer program is a key policy. In order to meet our obligations, we are required to obtain and maintain specific documentation and information about our clients. As policies are updated occasionally, Travelex may request additional information after initial details are obtained.
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