For information on regulations, please contact the Toll Supervisor at (519) 337-8721.
Anti-Money Laundering Compliance Regime
Blue Water Bridge Currency Exchange is committed to assisting governments combat the threat from money laundering around the world. To that end, we have put in place a Compliance Regime that addresses the requirements of Canada's Proceeds of Crime (Money Laundering) and Terrorist Financing Act. This Compliance Regime requires us to have in place a variety of record keeping, reporting, and customer identification practices. In addition, it requires us to train our staff in these practices, as well as assist them in developing an understanding of how currency exchanges can be victimized by money launderers.
Consequently, we have called upon the Canadian firm, About Business Crime Solutions Inc., to assist us with our compliance preparations. ABCsolutions is the only Canadian company solely dedicated to assisting businesses with their anti-money laundering compliance development. Staffed by individuals with experience in the practical application of money laundering controls and policy, ABCsolutions has assisted us in developing suitable practices, policies and procedures for meeting these requirements. You can visit their website at www.moneylaundering.ca to get a more detailed insight of this company's commitment to help its clients comply.
In particular, the President of ABCsolutions, Chris Walker, has said this about our efforts in this area:
"In my opinion, the activities of Blue Water Bridge Currency Exchange to implement good compliance and due diligence practices are a strong endorsement of their objective to work with government and regulatory authorities to help control the impact and threats from money laundering activities both domestically and internationally. They have made every effort to meet their responsibilities under the law and will continue to do so through their new Compliance Centre --- a resource that will give them a real edge when it comes to being both efficient and effective in maintaining their responsibilities and responding to their customer's questions with respect to those responsibilities."
We agree with Mr. Walker and have committed our company to ensuring that we will put in place all appropriate tools to ensure we live up to this objective. To us, our compliance is an essential component to delivering sound business practices and protecting our clients in the currency exchange market.
Should you have any questions or concerns regarding this matter please contact us directly and we will assist you. You can reach us by calling either: