Legal
Regulatory & Risk Disclosures
1. Compliance and regulation
Trust begins with transparency.
BURQ FX LTD, operating as BURQ FX, is registered with the Financial Transactions and Reports Analysis Centre of Canada ("FINTRAC") as a Money Services Business.
BURQ FX maintains a risk-based compliance framework designed to meet applicable anti-money-laundering and counter-terrorist-financing requirements under the Proceeds of Crime (Money Laundering) and Terrorist Financing Act and FINTRAC guidance.
Our onboarding process may include verification of corporate ownership and control, directors, authorised persons, source of funds, nature of business and anticipated transaction activity.
2. FINTRAC registration
| Legal entity | BURQ FX LTD |
|---|---|
| MSB registration number | C100000771 |
| Initial registration | 11 August 2025 |
| Registration expiry | 30 November 2027 |
| Registered activities | Foreign exchange dealing, money transferring, dealing in virtual currency, and payment service provider (PSP) activities |
| Jurisdiction of incorporation | Alberta, Canada (Incorporation No. 2026605531, incorporated 4 November 2024) |
| Business address | 315-7 Westwinds Crescent NE, Calgary, Alberta, Canada, T3J 5H2 |
Registration with FINTRAC does not constitute licensing, endorsement or certification by FINTRAC of BURQ FX, its products or services. BURQ FX is not a bank.
3. Risk-based controls
- Know Your Business. Corporate clients undergo risk-based KYB and beneficial-ownership verification.
- Transaction monitoring. Transactions may be monitored and reviewed in accordance with our compliance policies and applicable legal requirements.
- Sanctions screening. Clients and transactions are subject to applicable Canadian and international sanctions and financial-crime screening.
- Enhanced due diligence. Additional information or documentation may be required depending on the customer, jurisdiction, industry or transaction.
- Travel Rule compliance. For qualifying virtual currency transfers, BURQ FX collects and, where applicable, exchanges prescribed originator and beneficiary information with counterparty institutions, in line with FINTRAC requirements.
4. Digital asset and virtual currency risks
Before using any BURQ FX virtual currency or digital-asset service, please read and consider the following:
- Price volatility. The value of digital assets can rise or fall significantly and rapidly, and you could lose some or all of the value of the digital assets you hold or transact in.
- No deposit insurance. Digital assets held or transacted through BURQ FX are not insured by the Canada Deposit Insurance Corporation (CDIC) or any equivalent scheme, and are not backed by any government.
- Irreversibility. Once confirmed on the relevant blockchain network, a digital-asset transaction generally cannot be reversed, cancelled or recalled, including where sent to an incorrect address.
- Liquidity risk. It may not always be possible to buy, sell or convert a digital asset quickly, or at the price you expect, particularly during periods of market stress or network congestion.
- Regulatory risk. The regulatory treatment of digital assets in Canada and other jurisdictions is evolving and may change, which could affect the availability, value or tax treatment of a digital asset.
- Technology and custody risk. Digital assets rely on blockchain networks, wallets and cryptographic keys. Loss of a private key, key compromise, network outage, or a bug or exploit in the underlying protocol may result in permanent loss of assets.
- No investment advice. BURQ FX provides execution and settlement infrastructure only. Nothing on our website or in our communications is investment, financial, tax or legal advice, or a recommendation to acquire, hold or dispose of any digital asset.
- Eligibility. Digital-asset services are available only to eligible business and institutional customers, in jurisdictions and for assets that BURQ FX supports, and are subject to compliance approval at all times.
You should only transact in digital assets that you understand and can afford the risk of losing, and should seek independent advice if you are unsure.
5. Standard disclosure
BURQ FX LTD, operating as BURQ FX, is registered with the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) as a Money Services Business, Registration Number C100000771. BURQ FX is not a bank. Banking, custody, safeguarding, digital-asset and other services, where applicable, may be provided by appropriately regulated third-party financial institutions and service providers. Product and service availability varies by jurisdiction and is subject to eligibility, compliance approval, and applicable laws and regulations. FINTRAC registration does not constitute licensing, endorsement or certification by FINTRAC of BURQ FX, its products or services. Digital assets involve risk, including price volatility, liquidity risk and regulatory risk; digital-asset services are available only where permitted and to eligible customers.
6. Cookies
BURQ FX uses cookies and similar technologies on our website to operate core site functionality, keep our website secure, remember your preferences, and understand how our website is used so we can improve it. Some cookies are essential and cannot be switched off. Others, such as analytics cookies, are used only where you have given the required consent, or as otherwise permitted by applicable law. You can manage or withdraw your cookie preferences through your browser settings. Further detail is in our Privacy Policy.