Licensed and Registered in Canada
Enove Technologies Limited operates as a Canadian payments company under federal supervision, with the regulatory permissions and compliance controls our clients expect.
FINTRAC — Money Services Business
Enove Technologies Limited is licensed as a Money Services Business (MSB) by the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC). We maintain a full anti-money laundering and anti-terrorist financing compliance programme under the Proceeds of Crime (Money Laundering) and Terrorist Financing Act.
Bank of Canada — Payment Service Provider
Enove Technologies Limited is registered as a Payment Service Provider (PSP) with the Bank of Canada under the Retail Payment Activities Act, and performs the retail payment activities listed below.
Registered retail payment activities
Under its Bank of Canada PSP registration, Enove Technologies Limited (Canada) is registered to perform the following payment functions.
Electronic funds transfer initiation
The initiation of an electronic funds transfer at the request of an end user.
Payment instruction handling
Authorization or transmission, reception or facilitation of an instruction in relation to an electronic funds transfer.
Clearing or settlement
Clearing or settlement services.
These registrations and registered payment activities apply specifically to Enove Technologies Limited (Canada). Other Enove group entities operate under their own separate licences and registrations in their respective jurisdictions.
How we keep payments safe
Our compliance framework is embedded in the payment flow, not bolted on afterwards.
KYC & KYB onboarding
Identity and business verification, beneficial ownership checks and risk-based customer due diligence before any account is activated.
Sanctions & PEP screening
Continuous screening of customers, beneficiaries and counterparties against Canadian and international sanctions lists.
Reporting & recordkeeping
Large cash, EFT, suspicious transaction and terrorist property reporting, with retention aligned to the PCMLTFA.
Safeguarding & operational risk
End-user funds handling, incident response and operational risk management aligned to the Retail Payment Activities Act.
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