Balance registers Balance Trust Company as a qualified custodian.
Read the full announcement.
Streamlined regulatory compliance
for FINTRAC reporting entities
Let us handle your virtual currency record keeping and reporting.
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Automatic LVCTRs
Delegate LVCT reporting to us.
Travel Rule Compliance
We’ve joined TRUST, so you don’t have to.
Sanctions Screening
We enforce sanctions such as OFAC’s.
Money Services Businesses (MSBs) and financial entities choose us for:
Sanctions Program Enforcement
Sanctions Program Enforcement
Observe and enforce sanctions programs such as OFAC’s through our deep integration with Chainalysis.
Automatic LVCTR Submissions
Automatic LVCTR Submissions
Submit Large Virtual Currency Transaction Reports (LVCTRs) by delegating us as a service provider with FINTRAC.
Travel Rule Compliance
Travel Rule Compliance
Address Travel Rule requirements through our integration with Travel Rule Universal Solution Technology (TRUST).
Default Originators and Beneficiaries
Default Originators and Beneficiaries
Streamline Compliance workflows by assigning originators and beneficiaries to wallets and external accounts.
Standardized Compliance Records
Standardized Compliance Records
Export Large Virtual Currency Transaction (LVCT) records and records of VC transfers over $1,000 in standardized format.
Compliance API
Compliance API
Submit and retrieve regulatory compliance information via our API to automate your workflows.
"The regulatory burden for Canadian companies entering the space in 2022 is non-trivial. Depending on the business model, you might be looking at $100k+ in costs for just developing the LVCTR reporting system alone. For early stage startups these costs tend to be prohibitive, creating a barrier to entry and slowing down innovation. We’re happy to provide a solution where submitting LVCTRs is as easy as delegating Balance as your service provider in FINTRAC Web Reporting."
Nuno Silva, Chief Product Officer
Tired of manual
compliance work?
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