ProsperityATMs

1454983 B.C. LTD., operating as ProsperityATMs, is committed to maintaining a robust compliance program to combat money laundering, terrorist financing, and other illicit financial activities in alignment with Canadian laws and FINTRAC regulations.

Regulatory Compliance

ProsperityATMs adheres to all applicable Canadian laws, specifically the Proceeds of Crime (Money Laundering) and Terrorist Financing Act (PCMLTFA) and regulations set by FINTRAC.

Our Commitment

We proactively manage AML risks through:

• Comprehensive Risk Assessments: Annually evaluating risks related to customers, geography, and ATM usage.

• Transaction Monitoring: Using advanced blockchain analytics (e.g., Chainalysis via General Bytes) to monitor transactions, detect suspicious activity, and enforce address blacklisting.

• Transaction Limits & Enhanced Due Diligence: Implementing limits and rigorous identity verification processes for high-risk transactions or customers.

Know Your Customer (KYC)

We require valid government-issued identification for transactions exceeding specified limits, securely storing documentation for at least five years.

Reporting Obligations

ProsperityATMs complies with mandatory reporting requirements including:

• Suspicious Transaction Reports (STRs)

• Large Virtual Currency Transaction Reports (transactions over CAD 10,000)

• Terrorist Property Reports

Employee Training

Our staff receives annual AML training to ensure compliance and awareness of evolving AML/ATF practices.

Independent Audits

We conduct annual independent audits of our AML procedures to maintain program effectiveness.

For detailed information, please contact us to request the full AML policy document.