B2M Asia is committed to operating as a responsible, compliant financial services provider. We maintain rigorous standards across anti-money laundering, know-your-business verification, sanctions screening, and cross-border regulatory compliance.
B2M Asia Inc. is incorporated under the laws of Ontario, Canada, and operates as a Money Services Business (MSB) registered with the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC). As a registered MSB, we are authorized to provide foreign exchange dealing and cross-border money transfer services to business clients in Canada and internationally.
Our regulatory obligations arise under Canadian federal and provincial law, including:
We also monitor and, where applicable, comply with regulatory requirements in the jurisdictions of our clients and banking partners, including regulations governing cross-border transactions in China, Taiwan, Japan, South Korea, Hong Kong, and the United States.
B2M Asia views compliance not as a regulatory burden, but as a core business value and a foundation of trust with our clients, partners, and regulators. Our compliance program is designed to:
Our Board of Directors and senior management team are directly accountable for the effectiveness of our compliance program and receive regular reporting on compliance performance, regulatory developments, and emerging risks.
B2M Asia maintains a documented Anti-Money Laundering and Counter-Terrorist Financing (AML/CTF) compliance program that meets the requirements set out by FINTRAC under the PCMLTFA. Our AML program includes the following core components:
We have appointed a designated Compliance Officer at the senior management level who is responsible for implementing, overseeing, and reporting on our AML/CTF program. The Compliance Officer has the authority and resources necessary to carry out these responsibilities independently and effectively.
We maintain detailed written AML policies and procedures that govern all aspects of our operations relevant to financial crime risk. These policies are reviewed and updated at least annually or whenever there is a material change in our business, regulatory environment, or risk profile.
We conduct and maintain a written AML/CTF risk assessment of our business, covering the products and services we offer, our client base, the geographic markets we serve, and our delivery channels. This risk assessment informs the design and prioritization of controls within our compliance program.
Our AML compliance program is subject to independent review at least every two years to assess its effectiveness and identify gaps. Review findings are reported to senior management and the Board, and any deficiencies are remediated on a defined timeline.
Before activating any business account, B2M Asia conducts a thorough Know Your Business (KYB) verification process. This process is designed to confirm the legitimacy of each client business, understand the nature of the business and its intended use of our services, and identify the individuals who ultimately own or control the business.
We verify the legal existence and status of each client entity using one or more of the following methods:
We identify and verify all individuals who directly or indirectly own or control 25% or more of the client entity, as well as all directors and authorized signatories. Verification methods include:
Clients assessed as higher risk — including those involving Politically Exposed Persons, complex ownership structures, high-risk jurisdictions, or high transaction volumes — are subject to Enhanced Due Diligence (EDD). EDD may include senior management approval, additional documentation, source of funds verification, and more frequent ongoing monitoring.
KYB is not a one-time process. We conduct periodic reviews of all client accounts based on their risk rating, and we re-verify client information when there are material changes to the business, its ownership, or its transaction patterns.
B2M Asia operates a comprehensive sanctions screening program to ensure that we do not facilitate transactions involving sanctioned individuals, entities, or jurisdictions. Sanctions screening is applied at onboarding and in real time at the point of every transaction.
Our sanctions screening covers the following lists and regimes:
Where a potential match is identified, the transaction or onboarding is immediately paused and reviewed by our Compliance team. Confirmed matches result in the rejection of the transaction, account restriction, and mandatory reporting to the relevant authorities where required by law.
Transactions involving counterparties or beneficiaries in comprehensively sanctioned jurisdictions — including North Korea and Iran — are categorically prohibited regardless of the stated purpose.
B2M Asia operates an automated transaction monitoring system that continuously analyzes payment activity across our platform to detect patterns that may be indicative of money laundering, terrorist financing, fraud, or other financial crime.
Our transaction monitoring program includes:
Cross-border payments involve regulatory requirements in both the originating and receiving jurisdictions. B2M Asia takes a proactive approach to understanding and complying with the regulatory requirements relevant to each currency corridor we support.
Transfers involving the Chinese Renminbi are subject to the foreign exchange controls administered by China's State Administration of Foreign Exchange (SAFE). We ensure all CNY transactions are structured in accordance with SAFE regulations, applicable quotas, and required documentation for trade-related payments.
Cross-border transfers involving New Taiwan Dollars are subject to the foreign exchange regulations administered by the Central Bank of the Republic of China (Taiwan) and reporting requirements under the Foreign Exchange Control Statute. We ensure proper documentation for all TWD transactions.
JPY transactions are subject to the Foreign Exchange and Foreign Trade Act (FEFTA) administered by the Japanese Ministry of Finance. We ensure compliance with applicable reporting thresholds and sectoral restrictions.
Korean Won transactions are subject to the Foreign Exchange Transactions Act (FETA) and oversight by the Financial Services Commission (FSC) and the Bank of Korea. Our KRW transfers are processed in compliance with applicable reporting and documentation requirements.
HKD transactions are subject to oversight by the Hong Kong Monetary Authority (HKMA) and the Anti-Money Laundering and Counter-Terrorist Financing Ordinance (AMLO). B2M Asia ensures compliance with applicable HKMA guidelines.
For all corridors, we require clients to provide appropriate trade documentation — including commercial invoices, purchase orders, bills of lading, and contracts — for transactions above applicable thresholds or where required by the regulations of the receiving country.
B2M Asia's handling of personal and business information is governed by our Privacy Policy, which is designed to comply with the Personal Information Protection and Electronic Documents Act (PIPEDA) and, where applicable, the General Data Protection Regulation (GDPR).
Key data protection measures include:
For full details on our data protection practices, please refer to our Privacy Policy.
As a registered MSB under PCMLTFA, B2M Asia has mandatory reporting obligations to FINTRAC, including:
Information disclosed to FINTRAC is protected under PCMLTFA provisions that restrict how FINTRAC may use and disclose information it receives. We are prohibited by law from disclosing to a client or any other person that we have filed or are considering filing a suspicious transaction report.
Compliance governance at B2M Asia is structured to ensure clear accountability at every level of the organization:
B2M Asia is committed to building and maintaining a strong culture of compliance throughout the organization. All employees and contractors who interact with clients, process transactions, or have access to client data are required to:
Training completion is tracked and reported to the Compliance Officer and senior management. Employees who do not complete required training are subject to disciplinary action.
B2M Asia maintains comprehensive records in accordance with PCMLTFA record-keeping requirements. Our records are retained for the minimum periods specified by law and are stored securely in a format that enables timely retrieval in the event of a regulatory examination or law enforcement request.
Records maintained include:
B2M Asia applies a risk-based approach (RBA) to all aspects of our compliance program, consistent with the guidance of FINTRAC and the Financial Action Task Force (FATF). Under this approach, the level of due diligence, monitoring, and controls applied to any client or transaction is proportionate to the assessed level of risk.
Factors that inform our risk assessment include:
Clients and transactions assessed as higher risk are subject to enhanced scrutiny, additional documentation requirements, senior management approval, and more frequent review. B2M Asia reserves the right to decline or exit any client relationship where the assessed risk exceeds our risk appetite.
B2M Asia selects its banking partners and payment correspondents with care. Before establishing or maintaining a correspondent or partner relationship, we conduct due diligence to satisfy ourselves that the partner maintains AML/CTF standards that are consistent with our own.
Our partner due diligence includes assessment of:
We do not establish or maintain relationships with shell banks or with partners that permit their accounts to be used by shell banks. We do not enter into or maintain correspondent relationships with entities that are known to facilitate money laundering, terrorist financing, or sanctions evasion.
B2M Asia encourages the reporting of compliance concerns, potential violations of law or policy, or suspected financial crime through our internal reporting channels. Individuals — including clients, employees, and third parties — who in good faith report compliance concerns will be protected from retaliation.
Internal compliance concerns may be reported to:
External reporting channels include:
All reported concerns are investigated promptly and confidentially. The identity of the reporting individual will be protected to the fullest extent permitted by law.
If you have questions about our compliance program, our regulatory obligations, or your responsibilities as a B2M Asia client, please contact our Compliance team:
📧 Compliance Inquiries: compliance@b2masia.com
📧 General Contact: info@b2masia.com
🏢 Address: B2M Asia Inc., Toronto, Ontario, Canada
🌐 Website: b2masia.com
This Compliance page is provided for informational purposes and describes B2M Asia's compliance framework in general terms. It does not constitute legal advice. The specific obligations applicable to any client will depend on the nature of their business, the transactions they conduct, and the jurisdictions involved. Clients with specific compliance questions are encouraged to seek independent legal counsel.