CanadianForex: Difference between revisions
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CanadianForex is a wholly owned subsidiary of OzForex, which is subjected to risk and compliance audits on an annual basis. In Canada, CanadianForex employs the same standards and procedures as its parent company. |
CanadianForex is a wholly owned subsidiary of OzForex, which is subjected to risk and compliance audits on an annual basis. In Canada, CanadianForex employs the same standards and procedures as its parent company. |
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In Australia OzForex has an [[Australian Financial Services |
In Australia OzForex has an [[Australian Financial Services Licence]] (AFSL) issued by the [[Australian Securities and Investments Commission]] (ASIC) to deal and give advice in foreign exchange and derivatives.<ref>AFS License number 226 484 [http://www.search.asic.gov.au/cgi-bin/gfs010c?LICNO=226484&FORMID=licenceeroles&ORIGIN=flb View registration]</ref> |
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In Canada, CanadianForex is a Money Services Business as defined in the [[Proceeds of Crime]] ([[Money Laundering]]) and Terrorist Financing Act (PCMLATF Act) and as such is regulated by [[FINTRAC]] in Canada.<ref> MSB registration.[http://www10.fintrac-canafe.gc.ca/msb-esm/search-recherche/msb-details-11503-eng.html View page]</ref> |
In Canada, CanadianForex is a Money Services Business as defined in the [[Proceeds of Crime]] ([[Money Laundering]]) and Terrorist Financing Act (PCMLATF Act) and as such is regulated by [[FINTRAC]] in Canada.<ref> MSB registration.[http://www10.fintrac-canafe.gc.ca/msb-esm/search-recherche/msb-details-11503-eng.html View page]</ref> |
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==References== |
==References== |
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Revision as of 23:17, 2 February 2011
| Company type | Private |
|---|---|
| Industrie | Financial Services Foreign Exchange |
| Gegründet | 2007, Toronto, Canada |
| Hauptsitz | Toronto, Canada |
Key people | Tom Rundle – CEO Simon Griffin – Head of Strategy and Growth |
| Website | http://www.canadianforex.ca |
CanadianForex Limited is an online foreign exchange and global payments provider based in Toronto, Canada and is a part of the OzForex Group.
CanadianForex launched its North American office in 2008 and provide live exchange rates for over a wide range of major currencies as well as exotic currencies. CanadianForex’s client base includes small to medium businesses that import and export goods, as well as migrants looking to transfer funds between accounts in different countries.
CanadianForex is a supporter of the Canadian Centre for Abuse Awareness[1] and the Central Blues Australian rules football club in Toronto[2].
Company history
OzForex was launched as a foreign exchange information only site in Sydney, Australia in 1998.
In April 2001, the online dealing facility was launched.[3]
August 2005, UKForex was launched from its original office in Blackfriars, London. The opening of the London office saw the launch of the groups’ 24 hour global trading platform, allowing access to live exchange rates and online money transfers 24 hours a day.
In June 2007 Macquarie purchased 51% of OzForex, new CEO Neil Helm joins from Macquarie.[4][5][6]
In July 2007, CanadianForex was launched in Toronto, Canada to focus on North American markets and to help facilitate the groups’ 24 hour system.
September 2008, UKForex moves to its current location in Moorgate, London as both turnover and the number of employees grow.
In 2009 the group completes over 200,000 funds transfers per year with a turnover of close to US$5 billion.
2010 – The group receives minority growth investment from Accel Partners and The Carlyle Group. Representatives from both Accel Partners and Carlyle serve on the OzForex Board of Directors. The company's founders and Macquarie Private Wealth, which is part of Macquarie Group Limited, are together retaining significant ownership of OzForex, Neil Helm continues as CEO.[7]
Group Awards
2005 – Business Review Weekly, BRW Fast 100 Awards [8]
2005 – Deloitte Technology Fast 50 Awards[9]
2006 - Finalist Invest UK Trade and Investment International Business Awards[10]
2008 - OzForex founder Matt Gilmour wins Ernst & Young Entrepreneur of the Year, in the Technology and Emerging Industries category[11]
2009 – Deloitte Fast 500 Technology Asia Pacific Awards and Deloitte Technology Fast 50 Awards[12]
2010 – Deloitte Technology Fast 50 Awards[13]
Canadian Regulation and Licensing
CanadianForex is a wholly owned subsidiary of OzForex, which is subjected to risk and compliance audits on an annual basis. In Canada, CanadianForex employs the same standards and procedures as its parent company.
In Australia OzForex has an Australian Financial Services Licence (AFSL) issued by the Australian Securities and Investments Commission (ASIC) to deal and give advice in foreign exchange and derivatives.[14]
In Canada, CanadianForex is a Money Services Business as defined in the Proceeds of Crime (Money Laundering) and Terrorist Financing Act (PCMLATF Act) and as such is regulated by FINTRAC in Canada.[15]
References
- ^ CCAA website View page
- ^ Central Blues website View website
- ^ OzForex Website. View page
- ^ Ooi, Teresa. “Mac Financial grabs control of OzForex”. The Australian, June 19, 2007. View article
- ^ Swift, Brendan. “OzForex takes on world with MacBank”. The Australian Financial Review, June 19, 2007. View article
- ^ Hextall, Bruce. “Australia’s Macquarie Bank unit acquires 51 pct of OzForex”. AFX News Limited on Forbes.com, June 17, 2007. View article
- ^ Curran, Enda. “Carlyle, Accel Buy Stakes in OzForex”. The Wallstreet Journal, November 23, 2010 View article
- ^ Roberts, Craig. “Ozforex places 6th in the BRW Fast 100”. BRW, October 13019, 2005. View BRW website View article (pdf)
- ^ Bickerstaff, Julia. “2005 Deloitte Technology Fast 50 – Technology leaders sustaining innovation and growth”. 2005. View article (pdf)
- ^ Liddell, Helen; Cahn, Andrew. “UK Trade & Investment International Business Awards 2006”. 2006. View intro (.pdf)View article (pdf)
- ^ Ernst & Young. “2008 National Finalists Eastern Region”. 2008. View article
- ^ Barker, Jolyon; Asaeda, Yoshitaka. “Deloitte Technology Fast 500 Asia Pacific 2009 Ranking and CEO Survey”. 2009. View ranking (pdf)
- ^ Deloitte Website. 2010. View website
- ^ AFS License number 226 484 View registration
- ^ MSB registration.View page