MSB registration — virtual currency dealing in Canada

About This Company

The Financial Transactions and Reports Analysis Centre of Canada decides on granting MSB registration to virtual currency dealers under the Proceeds of Crime (Money Laundering) and Terrorist Financing Act. Before signing purchase contracts for this 2025 Canadian company, the buyer conducts targeted checks against official records. Searching the public MSB Registry by organisation name confirms the legal name, business address, registration number, and that the entry displays an active status of Registered. Public records showed 4059 registered entities on 2026-09-24. Counsel checks registered activities on the federal register to confirm that the scope covers virtual currency dealing alongside permitted money remittance. Under section 11.11 of the governing statute, the buyer inspects criminal record checks issued within the preceding 6 months for the incoming CEO, president, all directors, and every 20% shareholder. Convictions for fraud or money laundering disqualify individuals. Checking the calendar against the March 2028 expiry date prevents the authorisation from lapsing into Expired status, which would make further operations unlawful under biennial renewal rules. Legal advisers also verify that past corporate address changes, contact persons, and officer updates were submitted within the mandatory 30-day notification window.