FINTRAC MSB registration · Canada
Get your MSB registered with FINTRAC in 30 days
Complete application package built from 20+ successful registrations.
Zero rejections. Free consultation.
Why MSB applications get rejected
Vague business description
FINTRAC needs precise activity descriptions, not marketing pitches. Vague language triggers clarification requests that delay processing for weeks.
Incomplete application
Missing fields, undisclosed beneficial owners, or incorrect entity references cause FINTRAC to return your application. Every revision cycle costs 2–4 weeks.
Wrong MSB category
Crypto exchange, foreign exchange, money transfer — each category has different requirements. Selecting the wrong one can invalidate your registration or trigger enforcement later.
What you get
- Business activity analysis and correct MSB category selection
- Full FINTRAC application preparation — every field, every document
- Beneficial ownership and control documentation
- Agent and mandatary disclosure where applicable
- All FINTRAC correspondence handled on your behalf
- Registration confirmation and public registry verification
How it works
Free consultation — we assess your business model and identify all registrable MSB activities.
We prepare and file — complete application package with precise activity descriptions and all supporting documents.
Registered MSB — your business is on FINTRAC's public registry, ready for compliance and banking.
FAQ
With proper preparation, approximately 30 days from initial assessment to active registration on FINTRAC's public registry. The key variable is documentation quality — our applications are designed to pass on the first submission.
FINTRAC's registration portal is available online, but DIY registration is the most common cause of delays and rejections. Precise, regulatory-aligned answers are required for every field — a wrong category or vague description can result in months of back-and-forth.
Yes. Under the PCMLTFA, every MSB must have a complete AML/ATF compliance program. FINTRAC can examine it at any time, including shortly after registration. We recommend developing it in parallel with registration.
In many cases, yes. Under the PCMLTFA, a foreign company directing MSB services at persons in Canada must register regardless of where it's incorporated. We work with international founders regularly.
MSB registration is with FINTRAC for AML/ATF obligations. RPAA registration is with the Bank of Canada for operational risk and fund safeguarding. Many payment businesses need both. They are separate frameworks with different requirements.
Get In Touch
Ready to register your MSB?
Free 30-minute consultation. No obligations.
Toronto, Ontario, M5B 1Y4, Canada