MTFX Compliance
At MTFX our infrastructure is built on compliance. We believe that compliance is an essential requirement to managing our client and business relationships. As foreign exchange brokers we take our compliance seriously and integrate compliance policies and procedures into all our operations.
The MTFX Compliance and legal department works closely with government agencies and our bankers to combat the threats of anti-money laundering and terrorist financing. Our compliance program has been developed around the framework of the proceeds of crime (Money Laundering) and Terrorist Financing Act (“PCMLTFA”). For added control we monitor the Office of Foreign Asset Control (OFAC) guidelines as a means of enhancing our compliance regime.
MTFX is committed to provide ‘industry best’ standards. Our compliance regime is reviewed and audited on a yearly basis to ensure that our practices and procedures not only meet but exceed regulatory requirements. Our goal is to provide a secure business partner for our clients and ensure that everything we do is centered on our corporate values of integrity, ethics and trust.
In Canada, MTFX is registered as a Money Services Business with the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC). FINTRAC is an independent government agency whose mandate is to facilitate the detection, prevention and deterrence of money laundering and terrorist financing activities. FINTRAC collects, analyzes and discloses financial intelligence on suspected money laundering and terrorist financing activities.
