Remitclick operates within a full framework of Canadian regulatory oversight.
Remitclick is registered with the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) as a Money Services Business. Registration confirms we meet Canada's legal requirements for anti-money-laundering (AML) and anti-terrorist financing (ATF) compliance, including identity verification, transaction monitoring, and regulatory reporting.
Remitclick is registered with the Bank of Canada under the Retail Payment Activities Act as a Payment Service Provider (PSP). This requires us to maintain safeguards for end-user funds, implement operational risk management, and meet the Bank of Canada's requirements for consumer protection in payment services.
Nigeria corridor payment services are powered by Fincra — a licensed payment infrastructure provider with regulated operations in Nigeria and Canada.
Every transaction is monitored in real time against Remitclick's risk-based AML/ATF framework, as required by FINTRAC. Suspicious transactions are flagged and reported as required by law.
All customers are required to verify their identity before transferring funds. This is a legal requirement under the PCMLTFA and protects the integrity of the payment system for all users.
All customer data and transaction information is encrypted at rest and in transit using industry-standard protocols. Personal information is handled in accordance with Canada's PIPEDA privacy legislation.
Remitclick uses AI-assisted fraud detection and anomaly monitoring to identify unusual account activity. If suspicious activity is detected on your account, our team will contact you directly.
Multi-factor authentication is required for all account access. Role-based access controls ensure your account information is only accessible to you.
Remitclick submits required reports to FINTRAC including Large Cash Transaction Reports and Suspicious Transaction Reports as required by law. Transactions above CAD $10,000 are subject to regulatory reporting obligations.