KAPU Currency Exchange Inc. has updated its Restricted Countries List in accordance with the latest Canadian regulatory requirements, international sanctions, and the company's internal compliance policies.

As a FINTRAC-registered Money Services Business (MSB), KAPU remains committed to maintaining the highest standards of Anti-Money Laundering (AML), Counter-Terrorist Financing (CTF), Know Your Customer (KYC), Customer Due Diligence (CDD), and sanctions screening procedures, ensuring secure, transparent, and compliant currency exchange and international money transfer services across Canada.

Latest Update

Effective immediately:

• Added to the Restricted Countries List: Bosnia and Herzegovina

• Removed from the Restricted Countries List: Algeria

These changes have been implemented across KAPU's compliance, customer due diligence, and transaction review systems.

What This Means for Customers

Transactions that directly or indirectly involve a restricted country or jurisdiction may require enhanced due diligence, additional supporting documentation, extended review times, or may be declined in accordance with Canadian laws, international sanctions, and KAPU's internal compliance policies.

Whether you are exchanging CAD to CNY, CNY to CAD, using KAPU's online currency exchange services, or sending an international money transfer, we encourage customers to verify whether their transaction involves any restricted jurisdiction before proceeding.

KAPU's Commitment to Compliance

KAPU continuously monitors changes to Canadian regulations, international sanctions, and global financial crime risks. Our Restricted Countries List and internal compliance procedures are reviewed and updated regularly to ensure all services remain fully compliant with applicable regulatory requirements.

We remain committed to providing secure, efficient, transparent, and compliant currency exchange and international money transfer services for individuals and businesses throughout Canada.

View the Complete Restricted Countries List

For the complete and most up-to-date Restricted Countries/Regions list, please visit the FAQ section and refer to "Are there any countries where KAPU cannot provide services?"

KAPU regularly updates this list in accordance with Canadian regulations, international sanctions, and our internal compliance policies. Any future changes will be published on our website as they become effective.

Thank you for choosing KAPU Currency Exchange.

KAPU Currency Exchange Inc.