Licensing & compliance

Registration and compliance

Bestari Markets Ltd. is registered with the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) as a Money Services Business.

Our registration

Our MSB registration number is N300000833. It covers foreign exchange dealing, money transferring and dealing in virtual currencies, and is valid until 30 November 2028.

You can confirm our registration by searching for "Bestari Markets" or "N300000833" in FINTRAC's public Money Services Business registry.

Our corporate details can be checked in the Corporations Canada federal corporation search under corporation number 1747424-5.

Registration with FINTRAC is not an endorsement or licence to operate as a bank. Bestari Markets Ltd. does not accept deposits, and funds are not insured by CDIC.

Registration record
Legal name
Bestari Markets Ltd.
Jurisdiction
Canada (CBCA)
Corporation No.
1747424-5
Incorporated
2025-11-14
FINTRAC MSB No.
N300000833
MSB registration valid
2026-06-30 to 2028-11-30
Registered activities
Foreign exchange dealing
Money transferring
Dealing in virtual currencies
AML / ATF program

How we meet our obligations

As a Money Services Business, we are subject to the Proceeds of Crime (Money Laundering) and Terrorist Financing Act and its regulations.

01

Compliance officer

A designated compliance officer is responsible for our anti-money laundering and anti-terrorist financing program.

02

Know your client

We verify the identity of clients and, where required, beneficial owners and third parties.

03

Risk assessment

We assess money laundering and terrorist financing risk across our clients, services and geographies.

04

Record keeping

We keep transaction and client records for at least five years, as the regulations require.

05

Reporting

We file large cash, large virtual currency, electronic funds transfer and suspicious transaction reports with FINTRAC where required.

06

Sanctions screening

We screen clients and transactions against Canadian sanctions and listed-person lists, and can refuse any transaction.

Our right to decline

We may refuse, delay or reverse any transaction when we cannot verify a client's identity, when information provided is incomplete or inconsistent, or when we suspect the transaction may be connected to money laundering, terrorist financing, fraud or sanctions evasion.

If you have a concern about a transaction or our compliance practices, email support@duriancard.com with "Compliance" in the subject line.