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Do regulators review your business regularly?

Michael Tan avatar
Written by Michael Tan
Updated over a week ago

Yes. Venn is registered with the Bank of Canada as a payment service provider under the Retail Payment Activities Act (RPAA). The Bank of Canada oversees compliance with the RPAA and has the authority to review our operations, including how we safeguard customer funds. In addition, FINTRAC examines us for compliance with Canada’s anti-money laundering and anti-terrorist financing rules. These regulatory frameworks mean that our business is subject to regular oversight and review.

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