Anti-Money Laundering and Counter-Terrorist Financing Policies

Canada has a national framework in place to detect and deter money laundering (ML) and terrorist financing (TF) and aid in the identification, investigation, and prosecution of ML/TF offences. Similarly, provinces may enact prudential sector-specific regulations to manage a variety of risks, including those that relate to ML/TF offences.

The Proceeds of Crime (Money Laundering) and Terrorist Financing Act (PCMLTFA), require entities and various individuals to implement compliance programs that meet the requirements set out by the Legislation. Under the PCMLTFA, Bitcoin Mart is considered an Money Service Business (MSB) and is responsible for collection, analysis and disclosure of information to assist in the detection, prevention and deterrence of ML/TF activities.

Bitcoin Mart’s AML policies applies to all customers and transactions. The goal of our policies, is to comply with all legislations and proactively identify improvements in this new technology of virtual/ cryptocurrencies.

Bitcoin Mart Ltd. is registered with the Financial Action Task Force of Canada (FINTRAC) under M22727224, dealing in virtual currencies.