AML & Compliance Overview — Nexus (Public Summary)
Effective: October 12, 2025
Controller: Spark Tech Hub Ltd. (operating as Oneremit)
Applies to: Nexus tuition payment services under Canadian AML/CTF regulations
Who we are
Spark Tech Hub Ltd., operating as Oneremit, is a FINTRAC-registered Money Services Business (MSB Reg. No. C100000025).
Our program (summary)
• Risk-based AML/CTF program aligned with Canada’s PCMLTFA and FINTRAC guidance. • KYC/Verification: identity, address, and tuition documentation as appropriate; sanctions and PEP screening. • Monitoring & reporting: transaction monitoring; suspicious/threshold reporting where required; escalation and holds where risk is identified. • Record-keeping: retention of required records for at least five (5) years (longer in some cases), available for regulator review. • Training & audit: staff training and independent effectiveness reviews. • Sanctions: screening against Canadian and international lists; we restrict activity involving sanctioned persons or jurisdictions.
What this means for you
• We may ask for ID and tuition documents (e.g., invoice/offer letter, proof of funds) and may pause or decline transactions that don’t meet our requirements. • We only support bank transfers; we require you to include the payment reference provided (e.g., NXS-259-102-7) so funds can be posted quickly. • We’ll notify you of status and delivery; most payments complete in 24–48 hours on business days, subject to verification and banking hours.
How to contact compliance
• Compliance: compliance@oneremit.co • Support: support@oneremit.co
