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Compliance

Xagau is an brand name used with a money service business regulated by Canada's FINTRAC Agency. In the course of our business, we will strictly adhere to all rules, regulations, and reporting requirements regarding financial transactions.

We comply, to the fullest extent possible, with any and all regulations, requirements and directives issued by FINTRAC.

This policy statement applies to us as it relates to any of our operations, where we would be deemed to be carrying on business as a Currency Exchange Dealer or as a Dealer in Precious Metals and Stones, as defined by FINTRAC.

We certify that our directors, officers, and employees shall adhere to the rules and regulations as defined by FINTRAC. These include rules and regulations that pertain to:

  •     -ascertaining the identity of our clients;
  •     -beneficial ownership records;
  •     -third-party determinations;
  •     -the identification of politically exposed foreign persons;
  •     -record keeping; and
  •     -reporting of suspicious or attempted transactions, terrorist property or large cash transactions.

This policy statement is approved by the Board of Directors of our corporation.