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AML/ATF Statement

Summary of anti-money laundering and anti-terrorist financing controls.

Scope and Regulatory Alignment

SavPay (9499-8390 Québec Inc.) maintains internal controls designed to detect, prevent, and escalate potential money laundering and terrorist financing activity.

Our program aligns with applicable Canadian obligations, including requirements under the Proceeds of Crime (Money Laundering) and Terrorist Financing framework and partner program obligations.

KYC and Record Retention
  • Merchant due diligence at onboarding, including business verification and beneficial ownership checks.
  • Risk-based review of business activity and transaction patterns.
  • Retention of required merchant onboarding records for a minimum period consistent with policy and applicable requirements.
Monitoring, Escalation, and Governance

SavPay applies ongoing monitoring controls and internal escalation procedures for unusual merchant behavior and potentially suspicious activity.

Staff are trained on AML/ATF awareness and controls, and the program is reviewed periodically by compliance leadership.

Last updated: November 2024 (internal compliance package reference).