Why does Jetpay need this information?

Business information and identity verification

Jetpay is a registered money services business regulated by FINTRAC Canada. The Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) is the agency of the Government of Canada responsible for facilitating the detection, prevention, and deterrence of money laundering, terrorist activity financing, and other threats to the security of Canada. 

As a registered money services business, Jetpay is subject to the Proceeds of Crime (Money Laundering) and Terrorist Financing Act (PCMLTFA) and associated Regulations. As such, we must identify individuals and confirm the existence of entities for certain activities and transactions. 

The information we collect will not be used for any purpose other than identity verification and will not be shared with any third party

For further information on our client verification requirements please refer to the KYC (Know Your Client) guidelines for money services businesses by FINTRAC Canada.

You can find more details about our internal security standards here.

 


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