AML Compliance Services for Money Services Businesses
MSB registration expires every two years, together with lapsed registration is among the most common failures we see anywhere. We carefully handle registration, renewal, together with everything the regime expects between them.
- FINTRAC Registered
- Cross-Border Expertise
- Audit Ready
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Registration, Renewal and Continuing Reporting Obligations
A business becomes a money services business by performing defined activities, including foreign exchange dealing, money transferring, issuing or redeeming money orders, and dealing in virtual currency. Performing any one of them triggers registration with FINTRAC before you begin operating, and the registration itself is not permanent. It expires and must be renewed every two years.
Lapsed registration is one of the more avoidable problems in this sector, and it happens because renewal quietly falls off a calendar nobody owns. The continuing obligations are equally demanding. Large cash transactions, electronic funds transfers, and virtual currency transactions each carry reporting duties, and MSBs are examined on reporting accuracy more than on almost anything else.
Compliance Support for MSBs
We deliver FINTRAC registration and biennial renewal management, program development, customer identification procedures, large cash and electronic transfer reporting support, risk assessments, independent effectiveness reviews, and outsourced compliance officer cover for money services 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 MSBs Choose Our Support
We track the renewal cycle for you and build reporting that survives examination, because those two things account for most of the difficulty MSBs actually encounter when dealing with FINTRAC.
Renewal Never Missed
We track your two year registration cycle, so renewal never lapses through a date nobody was watching.
Reporting Genuinely Accurate
We build reporting that holds up, since MSBs are examined on accuracy more than almost anything else.
All Activities Covered
We identify every MSB activity your business performs, because businesses frequently register for one and overlook another.
Agents Properly Managed
We build oversight for agents acting on your behalf, since their conduct remains your regulatory responsibility throughout.
MSBs We Support Across Canada
We are able to support money services businesses in every province and territory across Canada, from single location operators through to large national networks running agents in several provinces at once.
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.
MSB Compliance Questions
Clear answers to the questions money services businesses ask most about registration, renewal, and their ongoing reporting obligations to FINTRAC.
When exactly must we register?
Before you begin operating. Registration with FINTRAC is required in advance rather than something arranged once trading has started.
Does our registration ever expire?
Yes. MSB registration must be renewed every two years, and letting it lapse creates genuine and entirely avoidable problems.
Which activities make us an MSB?
Foreign exchange dealing, money transferring, issuing or redeeming money orders, and dealing in virtual currency among defined activities.
Are we responsible for agents?
Yes. Agents acting on your behalf remain your regulatory responsibility, which means oversight rather than simply a contract.
What reporting do we file?
Large cash transactions, electronic funds transfers, virtual currency transactions, and suspicious transactions, depending on which activities you actually perform.