• Regulatory
• Governmental
• Card Associations
• Publications
• Anti-Money Laundering

Nacha – www.nacha.org
Canadian Payments Association – www.cdnpay.ca

Canadian Competition Bureau – www.competitionbureau.gc.ca
Federal Trade Commission – www.ftc.gov

MasterCard – www.mastercard.com
Visa – www.visa.com

Frontier Times – www.frontiertimes.ca – Canada’s Leading Electronic Transactions Journal.

By definition, money laundering is the disguising of financial assets so they may be used without detection of the illegal activity that produced them. Through money laundering, the criminal transforms the monetary proceeds derived from criminal activity into funds of an apparent legal source. The Issuer shall possess the unconditional right to review and/or prevent and/or preclude any and all transactions by clientele, current or otherwise, as facilitator, which may have an adverse affect on its relationships with authorities, affiliates, correspondents and the professional, good standing of the Issuer in general.

iPayline, Inc. in accordance with the Financial Crime Enforcement Network, shall prevail to negate money-laundering practices. By definition, money laundering is the disguising of financial assets so they may be used without detection of the illegal activity that produced them. Through money laundering, the criminal transforms the monetary proceeds derived from criminal activity into funds of an apparent legal source. The Issuer shall possess the unconditional right to review and/or prevent and/or preclude any and all transactions by clientele, current or otherwise, as facilitator, which may have an adverse affect on its relationships with authorities, affiliates, correspondents and the professional, good standing of the Issuer in general.

iPayline, Inc.’s money laundering policy is to ensure that the highest standards of due diligence apply in relation to the "know your client" principles; that we consistently comply with the requirements of legislation and appropriate guidelines in the jurisdictions in which we operate and that we at all times ensure the protection of our staff and safeguard our brand and reputation.

At a minimum, we will:

1. Comply with the requirements of legislation and appropriate guidelines in the jurisdictions in which we operate.
   
   
2. Take reasonable measures to establish the identity of any person for whom it is proposed to provide any services.
   
   
3. Retain certified true copies of identification documentation and transactional documentation of all clients for the requisite period as defined within local legislation.
   
   
4. Report to the relevant authority where there are reasonable and probable grounds to suspect that a money laundering offence has occurred or is being committed.
   
   
5. Ensure that all prospective clients of iPayline, Inc. complete an application form and submit the required documentation as outlined in the application form which is then reviewed by staff prior to their approval as a client.