How Unicorn Currencies is structured and supervised.
Unicorn Currencies Limited is supervised by the Bank of Canada as a Payment Service Provider and registered with FINTRAC as a Money Services Business. In the UK, Unicorn Currencies Ltd is a corporate intermediary and works through FCA-authorised partners where regulated payment or e-money services are required.
Your payment provider should be precise about what it is, what it is not, and which regulated entities are involved when money moves.
Regulatory status
Canada
Unicorn Currencies Limited is a Canadian company supervised by the Bank of Canada as a Payment Service Provider and registered with FINTRAC as a Money Services Business.
- FINTRAC registration
- C100000159
- Business incorporation number
- BC1473865
- Incorporation date
- April 2, 2024
- Registered address
- 5577 153A Street, Suite 207, Surrey BC V3S 5K7 Canada
United Kingdom
Unicorn Currencies Ltd is a UK company and corporate intermediary. Where regulated payment or e-money services are required in the UK, service provision is through FCA-authorised partners.
- UK company number
- 14325478
- Incorporation date
- August 30, 2022
- Registered address
- Silverstream House, Fitzroy St, London W1T 6EB, United Kingdom
- Important boundary
- Unicorn Currencies Ltd is not a bank and is not described as directly FCA-authorised.
Controls and safeguarding
Safeguarding
Client funds are handled through safeguarding arrangements with regulated banking or payment partners. Safeguarding is designed to keep client funds separate from operating funds.
KYB and payment review
Business onboarding, beneficiary setup, payment purpose, sanctions exposure, and transaction context may be reviewed before funds are released.
Partner structure
We work with regulated partners for payment and safeguarding functions where the legal service model requires it. That structure is part of the control framework, not a marketing claim.
Key questions
Is Unicorn Currencies regulated?
Unicorn Currencies Limited is supervised by the Bank of Canada as a Payment Service Provider under the Retail Payment Activities Act and is registered with FINTRAC as a Money Services Business. In the UK, Unicorn Currencies Ltd is a corporate intermediary and works through FCA-authorised partners for regulated payment and e-money services.
Is Unicorn Currencies UK directly FCA-authorised?
No. The UK company is incorporated in the United Kingdom and operates through FCA-authorised partners where regulated payment or e-money services are required. We do not describe the UK entity as a bank, EMI, or directly FCA-authorised payment institution.
How are client funds protected?
Client funds are held through safeguarding arrangements with regulated banking or payment partners. Safeguarding is not the same as deposit insurance, and it is explained separately on the Safeguarding page.
What checks are performed before payments move?
Client onboarding includes KYB and risk assessment. Payments may be screened, reviewed, or held where sanctions, purpose of payment, beneficiary details, source of funds, or transaction context need clarification.
For the plain-English regulatory summary, see How We're Regulated. For client money treatment, see Safeguarding.