Anti-Money-Laundering & Compliance

Vero Pay operates as a registered Money Services Business (MSB) with FINTRAC, the Financial Transactions and Reports Analysis Centre of Canada. Our written AML program covers client identification, ongoing monitoring, record-keeping and regulatory reporting, and is embedded directly into the platform rather than bolted on afterwards.

Onboarding runs through an 8-stage KYC process that verifies identity and screens every client against sanctions and politically-exposed-person (PEP) lists before any trading or payments are enabled. Screening and transaction monitoring continue for the life of the relationship, and unusual activity is escalated for review and, where required, reported.

Compliance controls are enforced in software: sensitive actions require maker-checker approval, payouts require four-eyes release, withdrawals go only to whitelisted addresses after a 24-hour cooldown, and every decision is recorded in a hash-chained, tamper-evident audit log over a continuously reconciled double-entry ledger. Learn more about Vero Pay, our security model and the Risk Disclosure.