Compliance


*Please note:The above and below-mentioned rates are not ROSCO Trading Int'l Ltd. rates. They are mid-market rates derived from the mid-point between the "buy" and "sell" rates from global currency markets for the purpose of client information only. To obtain our rates, please contact us at 416-229-0000.

 
Policies & Procedures

Agreement
By accessing and using ROSCOTRADING.CA (hereinafter "ROSCO TRADING INTERNATIONAL Ltd. ") web site, you agree to accept and be bound by these terms and conditions (hereinafter "the Terms") as set out below. As well, you consent to the monitoring of your activities while visiting our site. Any illegal activities will be reported to the appropriate authorities. If you do not agree to comply with all of the following, please do not use this site.

Products & Services
Our products and services, without exception, are offered subject to the terms governing their use in any applicable agreements, and subject to any terms, conditions, restrictions, limitations of disclaimers posted in the Site.

Changes to Rates, Services & Products
Information, offerings and services provided through this site may be changed at any time, without notice. Posting of change to this page shall constitute full and complete notice and disclosure of applicable terms and conditions effective immediately. As a user of the Site, you agree to read and review this posting regularly and that each use of/or access to the Site will constitute complete acceptance of all currently posted Terms.

Local Jurisdiction
Roscto Trading Intl Itd . complies with local, provincial and national laws of Ontario, Canada. The information posted in this Site does not constitute an offer or invitation to buy, sell or negotiate any currency, product or service, to any person in any jurisdiction where such offer or invitation may not legally be made or is not authorized. We cannot provide legal information applicable to all jurisdictions. Please consult with your financial adviser or lawyer.

E-mail Communications
Any unprotected E-mails over the Internet is subject to possible interception or loss, or alteration. ROSCO Trading International Ltd. is not responsible for, and will not be liable to any party for any damages in connection with any E-mail sent to or sent by ROSCO Trading International Ltd..

Pricing & Reserved Rights
Price and availability of all products and services in this Site are subject to change without notice. ROSCO Trading International Ltd. reserves the right to limit quantities, over and above the order limits specified in the site.
 
Money Laundering Prevention
ROSCO Trading International Ltd. has developed anti-money laundering policies to ensure that company personnel comply with applicable laws and regulations when engaging in foreign exchange services to clients.

ROSCO Trading International Ltd. adheres to the International Money Laundering Abatement and Anti-Terrorist Financing Act of 2001 and regulations based on that legislation. The company's anti-money laundering policies and procedures are designed to meet the requirements of the legislation by minimizing the opportunity for customers to engage in money laundering activities through transactions in the Forex markets.

What am I asked to do?
You may find that you are asked to confirm your identity and other personal details. ROSCO Trading International Ltd. has established special verification systems involving your bank account or payment card to prove your identity. To safeguard the integrity of our payment system, your ROSCO Trading International Ltd. account may also be subject to periodic transaction limits depending on your user status.

When?
You could be asked to confirm your identity whether you are applying to be a new customer or have been a customer for some time. While our identity verification systems are designed to minimize any inconvenience to you, the verification process may take several days to complete.

Why?
Crime and terrorism needs cash. Criminals turn the "dirty" cash made from drug trafficking, smuggling, and robbery into clean money by using false identities or taking the names of innocent people - like you. Making sure that people are who they say they are is essential in the fight against crime and terrorism. This does not mean in any way that suspicion is falling on you. Any information about your identity is held confidentially and will help stop your identity being used falsely.

Who is involved?
Government and all organizations involved in financial services, are all are united in their determination to stop the spread of financial crime as part of the international effort to crack down on financial crime - protecting us all against crime and terrorism.
Your co-operation is vital to the successful fight against crime and terrorism.

Your co-operation is vital to the successful fight against crime and terrorism.

  • We may be required to verify your identity and address.
  • We are required to keep full records of all transactions together with identification provided.
  • We are required to monitor any unusual or suspicious transactions of any size.
  • We have a legal obligation to report to the government of Canada any suspicious transaction.

Identification Requirements 
In accordance with Canadian Federal Law, identification must be presented of all cash transactions equal to or exceeding $3000 Canadian Dollars in value. Acceptable forms of identification include passport, driver's license, birth certificate, permanent resident card, or similar government issued identification. Ontario Health card can not be accepted. All identification must be current and original (no photocopies). Credit Cards are not considered proper identification. Furthermore, all cash transactions equal to or exceeding $10,000 Canadian Dollars, must include a declaration completed by the customer. For a complete description of the Financial Transactions and Reports Analysis and Canadian Federal Law requirements please visit FINTRAC (The Financial Transactions and Reports Analysis Centre of Canada) Website at: http://www.fintrac.gc.ca/intro_e.asp

Who Is FINTRAC:
The Financial Transactions and Reports Analysis Centre of Canada, or FINTRAC, is Canada's financial intelligence unit, a specialized agency created to collect, analyze and disclose financial information and intelligence on suspected money laundering and terrorist activities financing . Created in July 2000, the Centre is an integral part of our country's engagement in the global fight against money laundering and the financing of terrorist activities.

ROSCO Trading International Ltd. is fully committed to protecting the privacy and confidentiality of your personal information in order to provide you with the services you have requested and to determine whether you meet the criteria of the service which you have selected.

Privacy Policy
We are committed to protecting your privacy. We will only use the information that we collect about you lawfully. ROSCO Trading International Ltd. will not pass your details to any third party that does not have a legal right to request access to such data. Your privacy is considered in all aspects of our business. We maintain systems to protect the security of your information and to protect your information from unauthorized access.