Security & compliance
Your money is protected. Seriously.
LockNDeal is a registered Money Services Business (MSB) with FINTRAC, Canada's federal financial intelligence authority.
Regulated oversight
The same framework that governs Canadian banks
We operate in full compliance with Canada's Proceeds of Crime (Money Laundering) and Terrorist Financing Act (PCMLTFA). Every transaction on our platform is backed by regulated financial oversight, the same framework that governs banks, currency exchanges and payment processors across Canada.
MSB registered with FINTRAC
LockNDeal is federally registered as a Money Services Business. Your funds are handled under a regulated framework with mandatory compliance obligations, not in a grey area.
AML & KYC protected
We follow strict Anti-Money Laundering and Know Your Customer protocols. Every user is verified, and suspicious activity is monitored and reported as required by law.
End-to-end encrypted
Every payment, code and communication on LockNDeal is encrypted. Your financial data never travels in plain text. Ever.
How escrow protects you
Money only moves when the deal is real
- 01
Buyer locks funds
Money moves into escrow held by LockNDeal, not the seller.
- 02
Funds are frozen
Neither party can move the money while the deal is open.
- 03
Buyer inspects
Nothing is released until the buyer has the item in hand.
- 04
Code releases payment
The seller's unique code is the only way to complete the deal.
Trade with a regulated partner
Every LockNDeal transaction is protected by escrow and federal oversight.