Compliance Center

Before a payment can be processed, the data in the payment is compared to the anti-terrorist sanction lists that are compiled and updated by various governing bodies, such as OFAC and FINTRAC. If there is a match on any of the payment details, the payment is flagged for a possible compliance violation and the Compliance Officer is notified that there is a case that they must review. The Compliance Officer will then investigate and either block or pass the payment. If they block the payment, it will not be processed; if they pass it, it continues to the next step in the workflow.

Note: Currently, payments that are created from Spots, Forwards, or Drawdowns, or that are uploaded through the Cross-Border File Upload feature are not subject to compliance screening.