Guides to FINTRAC and RPAA compliance.
Plain-English answers to the questions we hear most, checked against FINTRAC and the Bank of Canada.
All guides
How to register an MSB in Canada
A step-by-step guide to registering a money services business with FINTRAC, from checking whether you need to, to staying registered.
Read the guide CostsHow much does MSB registration cost in Canada?
FINTRAC charges nothing to register. The real costs are elsewhere. Here's what to budget for, and what our fixed fees cover.
Read the guide Foreign MSBForeign MSB registration in Canada
No office in Canada doesn't mean no obligations. When a foreign business must register with FINTRAC, and what it needs once it does.
Read the guide ReportingFINTRAC reporting for MSBs: which report, and when
Suspicious transactions, large cash, international transfers and virtual currency: what each FINTRAC report covers and how long you have.
Read the guide RPAAWhat is the RPAA, and do you need to register?
The Retail Payment Activities Act brought payment service providers under Bank of Canada supervision. Who's covered, what registration involves and what comes after.
Read the guide Virtual currencyRegistering a crypto business with FINTRAC
Virtual currency dealers register as money services businesses. What that means for crypto exchanges and dealers, at home and abroad.
Read the guide Effectiveness reviewThe two-year effectiveness review: a checklist
What FINTRAC requires from your review, what to test, and how to report it, in a checklist you can work through.
Read the guide ExaminationPreparing for a FINTRAC examination
FINTRAC has been in touch, or soon will be. How examinations work, what's requested, and what to do first.
Read the guide AcquisitionBuying an MSB in Canada: what to check
Acquiring a company that's already registered with FINTRAC can be a fast route into Canada. What to check before, and what to do after.
Read the guide Compliance officerOutsourced or in-house compliance officer?
Every business FINTRAC regulates needs a compliance officer. Whether to hire, appoint from within or outsource, and what FINTRAC expects either way.
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