Financial Transactions and Reports Analysis Centre of Canada

NetCents Technology Reports Transaction Volume Exceeding $19,000,000 in March

Thursday, April 8, 2021 - 8:23am

The Company has processed over $19,000,000 in transaction volume in March, increasing over February volume by 172% and surpassing January volume by over 122%.

Key Points: 
  • The Company has processed over $19,000,000 in transaction volume in March, increasing over February volume by 172% and surpassing January volume by over 122%.
  • "Our 2021 momentum keeps building with another record month of transaction volume," stated Clayton Moore, Founder and CEO of NetCents Technology.
  • NetCents Technology Inc, the transactional hub for all cryptocurrency payments, equips forward-thinking businesses with the technology to seamlessly integrate cryptocurrency processing into their payment model without taking on the risk or volatility of the crypto market.
  • NetCents Technology is registered as a Money Services Business (MSB) with FINTRAC.

NetCents Technology and Vesto LLC Announce Strategic Joint Venture

Monday, March 1, 2021 - 5:29pm

Vesto LLC - San Francisco, Vesto GmbH - Munich, Vesto Technologies Ltd. - London.

Key Points: 
  • Vesto LLC - San Francisco, Vesto GmbH - Munich, Vesto Technologies Ltd. - London.
  • NetCents intends to work together with regulators to navigate this landscape and resolve with a compliant product.
  • There are many exemptions for specific types of distributions, trades, and other activities and NetCents intends to research these exemptions rigorously.
  • NetCents Technology is registered as a Money Services Business (MSB) with FINTRAC.

NetCents Technology Announces 143% Quarterly Revenue Growth

Wednesday, February 17, 2021 - 8:05am

Of note, the Company increased monthly revenue by 659% year over year from $15,632 in January 2020 to $118,684 in January 2021.

Key Points: 
  • Of note, the Company increased monthly revenue by 659% year over year from $15,632 in January 2020 to $118,684 in January 2021.
  • "The continued growth of our transaction figures is great to see, especially for January which is a slow month for transactions historically," stated Clayton Moore, Founder and CEO of NetCents Technology."
  • NetCents Technology Inc, the transactional hub for all cryptocurrency payments, equips forward-thinking businesses with the technology to seamlessly integrate cryptocurrency processing into their payment model without taking on the risk or volatility of the crypto market.
  • NetCents Technology is registered as a Money Services Business (MSB) with FINTRAC.

RevoluGROUP Canada Inc. Granted Canadian FINTRAC License

Monday, December 7, 2020 - 1:00pm

VANCOUVER, British Columbia, Dec. 07, 2020 (GLOBE NEWSWIRE) -- RevoluGROUP Canada Inc. (TSX-V: REVO ), (Frankfurt: IJA2 ) (the "Company") is pleased to announce that The Financial Transactions and Reports Analysis Centre of Canada ( FINTRAC ) has granted the Company with the Canadian FINTRAC license M20352455 on the 4th of December 2020.

Key Points: 
  • VANCOUVER, British Columbia, Dec. 07, 2020 (GLOBE NEWSWIRE) -- RevoluGROUP Canada Inc. (TSX-V: REVO ), (Frankfurt: IJA2 ) (the "Company") is pleased to announce that The Financial Transactions and Reports Analysis Centre of Canada ( FINTRAC ) has granted the Company with the Canadian FINTRAC license M20352455 on the 4th of December 2020.
  • The granting of the Canadian FINTRAC license represents a major corporate milestone.
  • The recent obtention of the Canadian FINTRAC license in conjunction with the previously presented Pan-European PSD2 license bodes well for the Company's ongoing application process.
  • For further information on RevoluGROUP Canada Inc. (TSX-V: REVO), visit the Company's website at www.RevoluGROUP.com .

Zero Hash Announces Canadian FINTRAC registration; now able to service Canadian residents

Friday, October 30, 2020 - 1:00pm

CHICAGO, Oct. 30, 2020 (GLOBE NEWSWIRE) -- Zero Hash today announced that it has successfully registered as a Canadian Money Service Business (MSB) with the Financial Transactions and Reports Analysis Centre of Canada, better known as FINTRAC, to service Canadian residents.

Key Points: 
  • CHICAGO, Oct. 30, 2020 (GLOBE NEWSWIRE) -- Zero Hash today announced that it has successfully registered as a Canadian Money Service Business (MSB) with the Financial Transactions and Reports Analysis Centre of Canada, better known as FINTRAC, to service Canadian residents.
  • In early 2020, FINTRAC unveiled plans for an enhanced AML regime and the requirement for crypto firms servicing Canadian residents to register as a Money Service Business.
  • Transfer: Transfer the ownership of assets with Zero Hash providing the regulatory framework to serve the entire North American continent.
  • Zero Hash was voted Innovator of the Year by the 2019 Profit & Loss Readers Choice Awards.

RevoluGROUP To Apply for Canadian FINTRAC License

Friday, October 23, 2020 - 8:51pm

In 2018 RevoluGROUP wholly-owned subsidiary RevoluPAY EP S.L petitioned for a proprietary PSD2 license granted to the Company on 21 May 2020.

Key Points: 
  • In 2018 RevoluGROUP wholly-owned subsidiary RevoluPAY EP S.L petitioned for a proprietary PSD2 license granted to the Company on 21 May 2020.
  • Likewise, the Canadian financial sector has established its strength over the years, including, notably, in response to the 2008 financial crisis.
  • Canadian financial institutions were already on the path towards digitization, automation, and virtualization of their services to reduce costs.
  • Today's decision to petition a FINTRAC license is a step RevoluGROUP must take to be prepared for whatever the Canadian Open Banking future brings."

RevoluGROUP Canada Inc. to Apply for Canadian FINTRAC License

Friday, October 23, 2020 - 1:00pm

In 2018 RevoluGROUP wholly-owned subsidiary RevoluPAY EP S.L petitioned for a proprietary PSD2 license granted to the Company on 21 May 2020.

Key Points: 
  • In 2018 RevoluGROUP wholly-owned subsidiary RevoluPAY EP S.L petitioned for a proprietary PSD2 license granted to the Company on 21 May 2020.
  • Likewise, the Canadian financial sector has established its strength over the years, including, notably, in response to the 2008 financial crisis.
  • Canadian financial institutions were already on the path towards digitization, automation, and virtualization of their services to reduce costs.
  • Today's decision to petition a FINTRAC license is a step RevoluGROUP must take to be prepared for whatever the Canadian Open Banking future brings."

Celebrating $200 Million of Institutional Trading, NDAX Expands OTC Desk for Global Investors

Tuesday, September 22, 2020 - 2:45pm

For the members that still do not feel comfortable storing their crypto, NDAX continues to offer the best-in-class custody infrastructure," Hammoud said.

Key Points: 
  • For the members that still do not feel comfortable storing their crypto, NDAX continues to offer the best-in-class custody infrastructure," Hammoud said.
  • However, if a coin isn't listed on the exchange, NDAX Wealth clients can still inquire about trading it and NDAX will work with them to make a match.
  • NDAX is registered with the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) Canada's financial intelligence unit.
  • NDAX is one of Canada's leading crypto exchanges, offering 10 cryptocurrencies with several more soon to be announced.

FCAC Commissioner announces appointment of Deputy Commissioner

Monday, May 11, 2020 - 9:04pm

OTTAWA, May 11, 2020 /CNW/ -Today, the Financial Consumer Agency of Canada (FCAC), announced the appointment of Frank Lofranco as Deputy Commissioner, Supervision and Enforcement.

Key Points: 
  • OTTAWA, May 11, 2020 /CNW/ -Today, the Financial Consumer Agency of Canada (FCAC), announced the appointment of Frank Lofranco as Deputy Commissioner, Supervision and Enforcement.
  • Reporting to the Commissioner, Mr. Lofranco will be responsible for providing strategic leadership and operational oversight for FCAC's supervision and enforcement activities.
  • During his 10 years with FINTRAC, he served in multiple roles including Deputy Chief Compliance Officer.
  • The Financial Consumer Agency of Canada (FCAC) is an independent federal government agency mandated to protect Canadian financial consumers.

EMQ Expands into North America with a New Canadian Gateway

Tuesday, April 7, 2020 - 8:29am

EMQ, a global financial settlement network, announced today its latest gateway expansion in Canada to bolster its presence across North America.

Key Points: 
  • EMQ, a global financial settlement network, announced today its latest gateway expansion in Canada to bolster its presence across North America.
  • The company is also registered with the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) as a Money Service Business (MSB).
  • This will enable EMQ to provide consumers and businesses in Canada with a faster, transparent, and more consistent cross-border payments experience.
  • This will further enhance digital international payment offerings across North America.