AML Compliance Services for Cryptocurrency Businesses
Dealing in virtual currency makes a business a money services business in Canada, with registration, reporting, and Travel Rule duties all attached from the very moment you begin trading with any customers.
- FINTRAC Registered
- Cross-Border Expertise
- Audit Ready
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Virtual Currency Under Canadian Reporting Rules
Canada brought virtual currency dealing into the money services business category, which means exchanges, brokers, and businesses transferring crypto for others require FINTRAC registration before operating. That registration carries the same two year renewal cycle as any other money services business, and the reporting obligations attached to virtual currency are specific rather than borrowed from cash.
The Travel Rule is where crypto compliance differs most from everything else. Transfers above the threshold require originator and beneficiary information to accompany the transaction, which is straightforward between two registered exchanges and considerably harder when the counterparty is an unhosted wallet. Building processes that handle both situations is the practical challenge this sector actually faces.
Compliance Support for Crypto Businesses
We deliver FINTRAC virtual currency registration, Travel Rule information frameworks, large virtual currency transaction reporting, wallet and counterparty risk procedures, blockchain analytics integration, independent effectiveness reviews, and ongoing compliance support for crypto businesses.
PSP Registration
End-to-end PSP registration support under Canada's Retail Payment Activities Act framework.
MSB Licensing
Complete MSB licensing and FINTRAC registration for money services businesses nationwide.
Banking
Deliver secure banking compliance solutions supporting regulatory excellence and operational efficiency.
AML Compliance
Build robust AML frameworks ensuring regulatory compliance and effective financial crime prevention.
Regulatory Consulting
Receive strategic regulatory advice supporting sustainable growth and complete compliance confidence.
Transaction Monitoring
Ongoing transaction monitoring and screening to detect and report suspicious activity.
Why Crypto Businesses Choose Us
We genuinely work in virtual currency requirements specifically rather than adapting frameworks written for cash, because transfer reporting and Travel Rule obligations behave nothing at all like traditional banking controls.
Virtual Currency Registration
We handle FINTRAC registration for virtual currency dealing, including the two year renewal cycle that follows it.
Travel Rule Handled
We build processes for transmitting originator and beneficiary information, including where counterparties are unhosted wallets entirely.
Transfer Reporting Built
We design large virtual currency transaction reporting, which follows its own requirements rather than mirroring cash reporting.
Analytics Properly Applied
We integrate blockchain analytics into your monitoring, so on chain evidence supports decisions rather than sitting unused.
Crypto Businesses We Support Nationwide
We support cryptocurrency exchanges, brokers, and virtual asset service providers in every single province and territory across Canada, alongside foreign crypto businesses serving Canadian customers from entirely outside the country.
What Our Clients Say
Canadian financial firms trust ABM Global Compliance to navigate complex regulation with clarity and care. From MSB licensing to ongoing AML support, our clients value our responsiveness, expertise, and genuine commitment to their long-term compliance success.
Let's Talk About Your Compliance Needs
Schedule a Free Consultation
Whether you’re starting a new MSB or need ongoing AML support, our team responds within one business day.
Cryptocurrency Compliance Questions
Clear and direct answers to the questions crypto businesses and virtual asset service providers ask most about their Canadian regulatory obligations.
Do crypto businesses need registration?
Yes. Dealing in virtual currency makes a business a money services business, requiring FINTRAC registration before you begin operating.
What is the Travel Rule?
A requirement that originator and beneficiary information accompanies virtual currency transfers above the threshold, so transactions are not anonymous end to end.
What about unhosted crypto wallets?
They complicate Travel Rule compliance considerably, and you need documented procedures for handling transfers where no counterparty institution exists.
Does our registration ever expire?
Yes. Virtual currency dealing follows the same two year money services business renewal cycle as every other registered activity.
Is blockchain analytics actually required?
Not explicitly, though on chain analysis is increasingly how crypto businesses demonstrate they genuinely understand their transaction exposure.