Regulatory Status
NOVARC Canada Inc. operates within the Morphic Financial Group and applies an internal control framework appropriate to its services in Canada.
Canadian Compliance & Security
An institutional control framework, applied with Canadian rigour.
NOVARC applies internal risk management, AML/KYC, transaction monitoring and sanctions monitoring procedures as part of its own control framework. The following sections set out how NOVARC operates in Canada.
AML / KYC Framework
All counterparties complete institutional customer due diligence under NOVARC's internal AML/KYC framework, covering identity verification, beneficial ownership review, source-of-funds analysis and scheduled periodic refresh.
Sanctions Monitoring
Continuous screening of counterparties and transactions against applicable sanctions lists, supported by a documented escalation and reporting framework.
Risk Management
NOVARC's own counterparty, market, operational and technology risks are governed through documented internal policies, exposure limits and independent review cycles. Risk management refers to NOVARC's internal risk management — NOVARC does not provide risk management services to clients.
Security Controls
Layered security architecture, segregated key management with recognised custody partners, least-privilege access controls and continuous monitoring.
Customer Due Diligence
Enhanced due diligence applied to higher-risk relationships, with documented rationale, ongoing monitoring and senior compliance sign-off.