Regulated in Canada. Built for cross-border scrutiny.
AskPay Ltd is a FINTRAC-registered Money Services Business. Our compliance program is the spine of the product — not a wrapper around it.
FINTRAC-registered MSB
AskPay Ltd operates under Canada's Proceeds of Crime (Money Laundering) and Terrorist Financing Act (PCMLTFA), with registered MSB status and a designated Chief Compliance Officer.
Risk-based controls
Documented program covering customer due diligence, ongoing monitoring, transaction screening, SAR/STR reporting, and annual independent effectiveness review.
Real-time screening
Every counterparty and transaction is screened against OFAC, OSFI, UN, EU, and HMT consolidated lists before any value moves.
Originator & beneficiary data
Structured originator/beneficiary information is captured, validated, and shared with counterparties as required by FATF Recommendation 16.
Privacy & residency
PIPEDA-aligned data handling, Canadian primary residency, encryption in transit and at rest, and least-privilege access for all production systems.
Operational rigour
Role-based access, audit logging, secrets management, and a vulnerability disclosure program. SOC 2 Type II program in progress.
Working with our compliance team
Counterparties receive a structured due-diligence pack including our MSB registration, AML program summary, sanctions methodology, and incident-response posture. We co-sign data-processing and information-sharing agreements where required.
This page is maintained by AskPay Ltd to summarize current controls. It is informational and is not a substitute for the contractual documentation provided during onboarding.