Notes to KYC for Card Applicants

High Risk Countries

Based on VISA’s guidelines, we do not process applications for persons who are residents of:

Enhanced Due Diligence (EDD)

Based on VISA’s guidelines, the following are restricted countries whereby EDD must be carried out:

The following countries may attract EDD measures:

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Corporate Governance

FEB maintains a robust compliance program designed to identify, assess, and control risks associated with non-compliance that could result in financial or reputational damage.
The role of Compliance is to monitor, advise, and report on FEB’s adherence to Canadian regulatory requirements. FEB’s policies and procedures are based on the Proceeds of Crime (Money Laundering) and Terrorist Financing Act (PCMLTFA), associated regulations, and guidance issued by the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC).
FEB places regulatory compliance at the highest priority. Our policies, procedures, and internal controls are reviewed regularly to ensure that FEB remains a diligent and responsible member of the Canadian financial services community.