Compliance & Legal

Regulatory Information & Legal Disclosures

Full transparency into our regulatory registrations, licenses, compliance program, and legal disclosures — as required by applicable federal and provincial law.

Regulatory Status

Licenses & Registrations

BENDIX FOREIGN EXCHANGE CORPORATION holds the following active regulatory registrations and licenses governing our business activities.

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FINTRAC Money Services Business Registration

✓ Active

BENDIX FOREIGN EXCHANGE CORPORATION is registered as a Money Services Business (MSB) with the Financial Crimes Enforcement Network (FinCEN), a bureau of the U.S. Department of the Treasury.

Registration NumberM08472543
Registering AuthorityFINTRAC
MSB CategoryMoney Transmitter
AML & KYC

Anti-Money Laundering & Know Your Customer Program

We maintain a written Anti-Money Laundering compliance program as required by the Bank Secrecy Act.

🔍 Know Your Customer (KYC)

We implement Know Your Customer (KYC) procedures for all users and business clients prior to providing services. Our KYC program includes:

  • Government-issued identity document verification
  • Address verification
  • Enhanced due diligence for higher-risk customers
  • Business entity verification for corporate clients
  • Beneficial ownership identification for business accounts

🛡️ Anti-Money Laundering (AML)

Our AML compliance program includes policies, procedures, and internal controls designed to detect and report suspicious activity. The program includes:

  • Transaction monitoring and screening
  • Suspicious Activity Report (SAR) filing as required by law
  • Currency Transaction Reporting (CTR) for applicable thresholds
  • OFAC sanctions screening
  • Ongoing employee AML training
  • Independent testing and program review
Risk Disclosure

Cryptocurrency Risk Disclosure

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IMPORTANT RISK DISCLOSURE — PLEASE READ CAREFULLY
Cryptocurrency services involve significant financial risk. The information below describes material risks associated with digital assets and our services.

Market Risk

The value of digital assets, including cryptocurrencies, can fluctuate significantly and unpredictably. You may lose some or all of the value of your digital assets. We do not guarantee profits or investment returns of any kind.

Regulatory Risk

The regulatory environment for digital assets continues to evolve. Changes in law or regulation may adversely affect your ability to use our services or the value of digital assets.

Technology Risk

Blockchain networks and digital asset technologies involve technical risks, including potential vulnerabilities, software bugs, and network outages that may affect your ability to access or transfer digital assets.

No Deposit Insurance

Digital assets held through our services are not FDIC-insured, SIPC-protected, or guaranteed by any government entity or insurance program. Unlike bank deposits, you may lose your digital assets entirely.

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No Investment Advice: BENDIX FOREIGN EXCHANGE CORPORATION is not a registered investment advisor. Nothing on this website or within our services constitutes investment advice, a recommendation, or an offer to buy or sell any security or digital asset. You should consult a qualified financial advisor before making any financial decisions.
Compliance Contact

Regulatory & Compliance Inquiries

For regulatory, compliance, or legal inquiries, please contact us directly.

Compliance Department

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Address 300-360 Bay Street,
Toronto,Canada,M5H2V6
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Phone +14162031489