MSB registration — foreign exchange and funds transfer in Canada

About This Company

All 10 Canadian provinces and 3 territories recognise FINTRAC registration for federal AML/CTF purposes under the PCMLTFA. International passporting does not exist under Canadian financial legislation. The target company cannot provide payment operations abroad based on this federal status alone. Within Canada, federal registration does not automatically eliminate provincial oversight. In Quebec, the company must satisfy the provincial Money Services Businesses Act supervised by Revenu Québec / AMF. Provincial securities authorities also govern platforms that handle tokens or digital assets. Foreign MSBs registered with FINTRAC can serve Canadian residents cross-border without maintaining physical premises in Canada, but they must appoint a domestic representative for service. Official Atlas classifications confirm that registered entities can perform money remittance, currency exchange, virtual asset transfers, virtual asset exchange and crowdfunding. Statutory initial capital is CAD 0, and FINTRAC levies CAD 0 in application or supervisory fees. Registration remains valid for two years, after which failure to renew results in Expired status, making further operations unlawful. Before signing, the buyer should verify the company's provincial filings and confirm that all addresses match the federal register. Any change of operational location or corporate ownership must be filed with FINTRAC within 30 days.