This page summarises Ardenpay's regulatory status, AML/CFT programme, sanctions controls, and operational restrictions. Detailed policy documents are available to clients during onboarding.
Regulatory status
Ardenovirex Inc., trading as Ardenpay, is registered with the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) as a Money Services Business. The registration includes authorisation to deal in virtual currency.
Registration as an MSB does not constitute an endorsement of the registrant by FINTRAC, nor a guarantee of the integrity, financial standing, or business practices of the registrant.
Compliance programme
Our programme is designed around FINTRAC requirements and reflects FATF recommendations applicable to virtual asset service providers. It is reviewed periodically and adjusted to reflect changes in regulation, typology, and our own client base.
Identification and verification of every client, with documentation appropriate to risk. Beneficial ownership identified for corporate entities. Source of funds and source of wealth documented for transactions above defined thresholds. Enhanced due diligence applied to higher-risk relationships.
Continuous screening of clients, beneficial owners, counterparties, and beneficiaries against major sanctions lists (including OFAC, UN, EU, UK, OSFI) and politically exposed persons databases. Screening conducted at onboarding, on an ongoing basis, and prior to each release.
Risk-based transaction monitoring covering both fiat and on-chain activity. Patterns inconsistent with the established profile of the client are reviewed by the compliance team. Suspicious transactions are reported in accordance with applicable law.
Implementation of the FATF travel rule for virtual asset transfers, including the collection and transmission of originator and beneficiary information for qualifying transactions, in accordance with applicable Canadian regulation.
Records relating to client identification, transactions, compliance reviews, and reporting are retained for the periods required by applicable law and made available to authorities on lawful request.
A designated Chief Compliance Officer oversees the programme. Compliance training is delivered to all relevant personnel on appointment and refreshed periodically. The programme is subject to independent review.
Restrictions
The following list is illustrative and is supplemented by jurisdictional and counterparty restrictions communicated during onboarding.
Policy documents
The contractual basis on which we provide services.
How we collect, use, and protect personal information.
Summary of our anti-money laundering and counter-terrorism financing programme.
The risks associated with digital asset transactions.
How we use cookies and similar technologies on this site.
Contact our compliance team directly for regulatory matters.
