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Are you an MSB in Canada? Better check with FINTRAC

MSB registration eligibility changes

Recently, the Proceeds of Crime (Money Laundering) and Terrorist Financing Act (PCMLTFA) was modified to further tighten and define the criteria of who is ineligible to register as a money services business (MSB) and a Foreign MSB with FINTRAC.

Please consult our web page on Who is not eligible to register?for further details. 

FINTRAC is committed to working with businesses to assist them in meeting their legislated compliance obligations. 

Please direct your questions on MSB registration to msb-esm@fintrac-canafe.gc.ca.

As Canada’s financial intelligence unit, and its AML/ATF regulator and supervisor, FINTRAC plays a key role in helping to protect the safety of Canadians and the security of Canada’s economy.

Categories: Anti-Money Laundering FINTRAC Updates Money Services Businesses

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