What activities does the FINTRAC registration cover?

Foreign exchange dealing, money transferring, and related OTC liquidity activities under Canada's Proceeds of Crime (Money Laundering) and Terrorist Financing Act (PCMLTFA).

Compliance & Regulatory

Registered, verifiable, and ready to counterparty

Name: Trove Payment Limited
Address: 1975 C115 Abbotsford, BC, V2S 3N3, CA

We run a full PCMLTFA programme under a FINTRAC Money Services Business registration. This page lays out where we stand, how we screen, and how often we review — the public version. Procurement-grade documentation goes to licensed counterparties during onboarding.

Verify on the FINTRAC registry → Request compliance pack

Registration specifics

Regulator

FINTRAC (Canada)

MSB registration no.

C10001321

Incorporation

British Columbia — BC1536964

Registered office

1975 C115 Abbotsford, BC, V2S 3N3, Canada

Trove Payment Limited is registered with the Financial Transactions and Reports Analysis Centre of Canada under the Proceeds of Crime (Money Laundering) and Terrorist Financing Act (PCMLTFA). The registration authorises foreign exchange dealing, money transferring, and OTC liquidity activities, and is publicly verifiable on the FINTRAC registry.

Our PCMLTFA programme

Every counterparty relationship operates inside a documented AML/CFT programme aligned to Canadian requirements. The core controls:

Know Your Business (KYB)Verification of legal entity, licensing status, ownership and control before any flow begins.
Customer Due Diligence (CDD)Risk-rated due diligence on counterparties, with enhanced measures (EDD) for higher-risk profiles.
PEP & adverse media screeningScreening of beneficial owners and controllers against politically-exposed-person and adverse-media datasets.
Sanctions screeningCounterparty and transaction screening against applicable sanctions lists, refreshed on an ongoing basis.
Transaction monitoringOngoing monitoring for unusual or suspicious activity, with escalation and reporting pathways.
Travel RuleCapture and transmission of originator and beneficiary information across applicable transfers.
Recordkeeping & reportingRetention and regulatory reporting consistent with PCMLTFA obligations.

Onboarding due-diligence checklist

What a licensed counterparty provides during KYB. Provided once; refreshed periodically under our review cadence.

Corporate & licensing evidenceCertificate of incorporation, regulatory licence or registration, and proof of registered address.
Ownership & controlUBO register, directors, and org/control structure.
AML programmeYour AML/CFT policy, named compliance officer, and screening approach.
Operating profileCorridors, expected volumes, settlement currencies and source of funds.

Ongoing audit & monitoring cadence

Continuous — sanctions and transaction screening applied in real time across flows.
Periodic counterparty review — risk-rated refresh of KYB/CDD on a cycle set by counterparty risk.
Programme review — internal review of policies, controls and screening configuration.
Independent review — effectiveness review of the AML programme consistent with PCMLTFA expectations.

Specific review intervals, thresholds and screening vendors are disclosed to onboarded counterparties under NDA.

Compliance FAQ

Is Trove a licensed money services business?

Yes — registered with FINTRAC (Canada) as an MSB, registration C10001321, incorporated in BC under BC1536964, publicly verifiable on the FINTRAC registry.

What activities does the registration cover?

Foreign exchange dealing, money transferring, and related OTC liquidity activities under the PCMLTFA.

Does Trove apply the Travel Rule?

Yes. Originator and beneficiary information is captured and reported in line with Travel Rule obligations.

Can Trove provide a compliance pack for procurement?

Yes. A counterparty compliance pack is shared during onboarding. Some documentation is reserved for onboarded counterparties under NDA.