Virtual Asset Service Provider Compliance in Canada
If your business deals in virtual assets, you may be a VASP, and that label carries real duties. We help you confirm your status and meet the obligations it brings in Canada.
Are You a VASP Under the Rules
A virtual asset service provider is any business that exchanges, transfers, holds, or deals in virtual assets for others. The definition is broad, and many crypto businesses fall inside it without realising. We help you work out whether you are a VASP, so you know which regime applies before you assume you sit outside it.
How Canada Treats a VASP
In Canada, a VASP is treated as a dealer in virtual currency and must register with FINTRAC as a money services business. That classification brings the full anti-money-laundering regime with it, including registration, reporting, and ongoing controls. We help you understand what being classified as a VASP means and put the baseline obligations in place from the start.
Status Assessment
We confirm whether your business meets the definition of a VASP.
Registration Support
We help you register as the money services business a VASP requires.
Baseline Obligations
We map the core obligations that attach once you are a VASP.
Ongoing Compliance
We route you to the AML and exchange controls your activity needs.
Ready to Simplify Your Compliance?
VASPs We Support and Guide
We support crypto exchanges, crypto wallet providers, virtual currency dealers, crypto transfer services, and the other virtual asset service providers confirming their status and obligations under the PCMLTFA in Canada.
We support banks with program design, oversight, & regulatory examination readiness.
We help credit unions meet obligations proportionate to their membership and scale.
We handle registration, renewals, reporting, & controls FINTRAC expects from you.
We cover Bank of Canada registration alongside your anti money laundering obligations.
We establish what your wallet activity triggers, then build only what applies.
We build compliance around what your product does, before volumes and questions arrive.
We register virtual currency dealers and build the reporting their activity demands.
We support financial institutions across registration, program build, and reporting duties.
Why VASPs Choose Our Compliance
Status Clear
We tell you plainly whether you are a VASP, so you never wrongly assume you sit outside the regime.
Regime Mapped
We map exactly what your VASP status pulls you into, so registration and obligations are clear from the start.
Properly Routed
We connect you to the right controls for your activity, so your compliance goes beyond simply knowing your status.
Serving VASPs Across Canada
We support virtual asset service providers right across the whole of Canada, from Toronto and Montreal to Vancouver and Calgary, and foreign VASPs serving Canadian users wherever they are based.
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.
VASP Compliance Questions
Clear answers to the questions virtual asset businesses ask most about their status and compliance obligations in Canada under the PCMLTFA.
What exactly is a VASP?
A virtual asset service provider is a business that exchanges, transfers, holds, or deals in virtual assets on behalf of others.
How does Canada regulate a VASP?
As a dealer in virtual currency. A VASP must register with FINTRAC as a money services business and meet the full regime.
How do I know if we qualify?
If you exchange, transfer, or hold virtual assets for others, you likely qualify. We assess your activity against the definition to confirm.
What obligations come with VASP status?
Registration, reporting, KYC, monitoring, and screening. Being classified as a VASP brings the full anti-money-laundering regime with it.
How does this differ from crypto AML?
This confirms your VASP status and the obligations it triggers. Crypto AML is the ongoing program you then build and run.