Quote:
Originally Posted by Chris
As for the exact audit details no I can not and will not go into specific but we are audited by fintrac. www.fintrac.gc.ca |
Isn't that just a compliance organization for anti-money laundering and anti-terrorist activities?
http://www.fintrac.gc.ca/msb-esm/intro-eng.asp
I think when most people see a statement such as "we are audited by the Canadian government" they think something like financial accounting auditing with things such as checks on adequate funding of accounts and protection against misuse of funds or fraudulent activities. This often gives certain protections and guarantees. Among other things usually the government sets up a telephone number where people may contact them and request an investigation should they have a dispute with the financial institution. Do you guys have that type of auditing and regulation? If not your statement could be seen by some as a bit disingenuous.