AML/ATF Statement

Scope and Regulatory Alignment

SavPay (9499-8390 Québec Inc.) maintains internal controls designed to detect, prevent, and escalate potential money laundering and terrorist financing activity.

Our program aligns with applicable Canadian obligations, including requirements under the Proceeds of Crime (Money Laundering) and Terrorist Financing Act and partner program obligations of Moneris Solutions Corporation, Fiserv Canada Ltd., and Nuvei Corporation.

KYC and Record Retention

• Merchant due diligence at onboarding, including business verification and beneficial ownership checks.
• Risk-based review of business activity and transaction patterns.
• Retention of required merchant onboarding records for a minimum period consistent with policy and applicable requirements.
• Enhanced due diligence applied to high-risk merchant categories as defined by our processor partners.

Monitoring, Escalation, and Governance

SavPay applies ongoing monitoring controls and internal escalation procedures for unusual merchant behaviour and potentially suspicious activity.

Staff are trained on AML/ATF awareness and controls, and the program is reviewed periodically by compliance leadership. Suspicious transaction reports are escalated through the appropriate processor channels.

Questions

AML/ATF compliance questions can be directed to info@savpay.ca. For concerns related to the underlying processor's systems, SavPay will route the inquiry to the appropriate Moneris, Fiserv, or Nuvei compliance team.

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