MSB Registration & Renewal
Fast, fully-managed FINTRAC registration for Canadian MSBs
Get registered or renewed with FINTRAC quickly and painlessly. We handle the full process end to end, with a 100% approval guarantee.
Who needs to register as an MSB in Canada?
MSB registration in Canada is a legal requirement for businesses that handle foreign exchange, money transfers, prepaid cards, or virtual currency. Failing to register properly can shut your business down before it even begins. We provide a full-service registration experience so it’s done right the first time.
- Currency exchange
- Money transfers (domestic or international)
- Issuing or redeeming money orders, traveller’s cheques, or prepaid cards
- Dealing in virtual currencies like Bitcoin or stablecoins
- Operating crypto exchanges or ATMs
What’s included
What’s included in our MSB registration service
A full-service, hands-off experience that ensures your registration is done right the first time.
How it works
A clear, managed process
- 1
Kickoff & discovery
We begin with a kickoff call to gather your business information. This step typically takes a few days.
- 2
Prepare & submit
We prepare and submit your MSB registration package to FINTRAC on your behalf.
- 3
Manage the review
We actively manage the review, staying in regular contact with FINTRAC. Most clients are approved in six to eight months, faster than the usual eight to twelve.
- 4
Approval & handoff
Once approved, we deliver your registration certificate, confirmation documents, and a tailored AML policy suite to support banking and compliance reviews.
Why choose Comply North
We specialize in helping businesses navigate Canada’s financial compliance landscape with clarity and confidence, from startups to high-volume platforms.
- Proven track record with new and renewing MSBs
- 100% approval guarantee, or your money back
- Direct, known contacts at FINTRAC
- Tailored AML documentation included
Top-tier expertise at a fraction of the typical cost.
We combine direct regulator experience, personalized service, and fair, fixed-fee pricing, so you always know what you’re paying for.
Get startedExplore other services
Bank Onboarding Package
Banking is the toughest step. We make it simple, with deep relationships across Canadian and international institutions and a proven track record of getting MSBs onboarded.
Chief Compliance Officer Package
Don’t settle for a checkbox solution. Appoint a real CCO who actively manages your compliance, ongoing advisory, FINTRAC reporting support, and AML programs tailored to your business.
RPAA Registration
Entering the Canadian PSP market? We navigate the RPAA framework for you and build a detailed application to the Bank of Canada. We recently got one of our clients registered in as little as four months, which is unheard of.
FAQ
MSB Registration & Renewal questions, answered
How long does MSB registration with FINTRAC take?
On their own, registrations often take eight to twelve months. We actively manage the review and stay in direct contact with FINTRAC, and most of our clients are approved in six to eight months.
Do you guarantee MSB approval?
Yes. Our MSB registration carries a 100% approval guarantee. If your registration is not approved, you do not pay.
What activities require MSB registration in Canada?
Currency exchange, money transfers, issuing or redeeming money orders or prepaid access, dealing in virtual currency, and cheque cashing all require FINTRAC MSB registration.
Do you provide a Canadian address for correspondence?
Yes. We provide a Canadian address for regulator correspondence as part of the service, which is essential for foreign MSBs.
From the blog
Related reading on msb registration & renewal
FINTRAC The Ultimate Guide to Building an MSB Compliance Program: FINTRAC Guide 4 Explained
Running a Money Services Business (MSB) in Canada means more than just moving money. It means taking responsibility for keeping the financial system safe from money laundering and
FINTRAC FINTRAC MSB Registration in Canada: Your Complete Step-by-Step Guide
Starting a money services business (MSB) in Canada is exciting, but before you can move a dollar, you need to deal with your first regulatory requirement, FINTRAC MSB registration.
FINTRAC ALERT: Private ABM Acquirer Services Must Register with FINTRAC and Comply by October 1, 2025
Introduction: FINTRAC Expands AML Rules to Private ABM Acquirers On October 1, 2025, private automated banking machine (ABM) acquirers will become subject to the Proceeds of Crime
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