Compliance
Who we are, and how we are regulated.
Veloflow is a brand of 1001678107 ONTARIO INC., an Ontario corporation registered with the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) as a money services business.
Registration details
Registered- Legal name
- 1001678107 ONTARIO INC.
- Operating name on the registry
- 1001678107 ONTARIO INC.
- Brand
- Veloflow
- MSB registration number
- N300204521
- Registration status
- Registered
- Registered since
- September 23, 2026
- Registration valid until
- September 24, 2028
- Registered services
- Money transferring
- Incorporated in
- Ontario, Canada
- Ontario corporation number
- 1001678107
- Business address
- 113 Lily Pond StreetKanata, Ontario K2M 0J3Canada
Our compliance program
Customer verification
We verify every business customer, its directors and beneficial owners before opening an account.
Transaction monitoring
Transactions are screened and monitored, and suspicious activity is reported to FINTRAC as the law requires.
Sanctions screening
Customers, payers and recipients are screened against Canadian and international sanctions lists.
Record keeping
We keep the records required by the Proceeds of Crime (Money Laundering) and Terrorist Financing Act.
Please note
Registration with FINTRAC does not mean that FINTRAC endorses or licenses a business. Veloflow is not a bank, and funds held with us are not insured by the Canada Deposit Insurance Corporation (CDIC).
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