FINTRAC — Anti-Money Laundering
Primer Financial is registered with the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) under number M12345678, in compliance with the Proceeds of Crime (Money Laundering) and Terrorist Financing Act (S.C. 2000, c. 17).
As such, we are required to:
- Maintain transaction records for a minimum of 5 years
- Report any cash transaction over $10,000 CAD
- Report suspicious transactions (STR)
- Apply a rigorous KYC program to all clients
- Designate a FINTRAC compliance officer within the company
OSFI — Prudential Supervision
As a non-bank financial entity subject to supervision by the Office of the Superintendent of Financial Institutions (OSFI), Primer Financial maintains:
- A capital ratio compliant with OSFI guidelines B-10 and E-21
- A liquidity risk management program
- Annual audits by an independent accounting firm
AMF · OSC · BCSC — Provincial Regulators
Depending on the client's province of residence, our operations are supervised by:
- AMF Quebec — Autorité des marchés financiers (Securities Act, CQLR c. V-1.1)
- OSC Ontario — Ontario Securities Commission (Securities Act, RSO 1990)
- BCSC B.C. — BC Securities Commission (Securities Act, RSBC 1996)
- ASC Alberta — Alberta Securities Commission
KYC / AML Policy
Our KYC (Know Your Customer) and AML (Anti-Money Laundering) process includes:
- Identity verification: government-issued ID + real-time photo
- Address verification: Canadian proof of residence (< 3 months)
- Enhanced due diligence for transactions > $100,000 CAD
- Sanctions screening: OFAC, UN, FINTRAC lists
- Ongoing monitoring: transaction monitoring throughout the relationship
APR Disclosure
In accordance with the Consumer Borrowing Act (R.S.C. 1985, c. I-15) and the Canadian Criminal Code (s. 347 — criminal interest rate), we disclose:
- The effective APR before signing any contract
- The total cost of credit (interest + fees) in CAD
- The amount of each payment
- The total number of payments
Representative example:
$25,000 CAD loan over 60 months, fixed APR of 6.9%, monthly payment of $493.61 CAD, total cost of credit $4,616.60 CAD.
PIPEDA & Quebec Law 25
Your personal data protection is governed by the Personal Information Protection and Electronic Documents Act (PIPEDA) and, for our Quebec clients, by Act 25 (Quebec Privacy Law).
View our full privacy policy →
Complaint Bodies
If a dispute with Primer Financial is unresolved, you may contact:
- FINTRAC — fintrac-canafe.gc.ca
- AMF Quebec — 1-877-525-0337
- OSFI — 1-800-385-8647
- FCAC — Financial Consumer Agency of Canada — 1-866-461-3222