RemitX™ - Global Money Transfer

Delivering services in the financial services sector and especially on a global scale means that RemitX as a brand of FIRST GLOBAL DATA must be compliant with the legislative guidelines in each country within which it delivers services. Compliance spans the spectrum of privacy laws, the handling of confidential information, to a rigorous anti-money laundering (AML) and anti-terrorist financing regime.

First Global Data Corporation/RemitX’s current reach spans approximately 44 countries, and First Global Data Corporation/RemitX ensures that it is fully compliant with the legislative requirements in each of these countries including Shariah Law.

First Global Data Corporation/RemitX has incorporated compliance checks and balances into its system with the intent of automating and thus minimizing the human error component which should serve to maintain the highest level of compliance. Measures include:

New registrant OFAC, OSFI, or equivalent database verifications. This automated measure is taken to ensure that new customers of First Global Data Corporation/RemitX are not on terrorist or money laundering watch lists.

Identity verification. First Global Data Corporation/RemitX has automated this process where services are available. This automated measure runs in the background to validate new registrant information against commercially available records and databases. In some cases, these measures extend to validation of new customer credit ratings. Where automated measures are not available, First Global Data Corporation/RemitX has developed process measures within its system which ensure that manual verifications are made.