CANADA
Canada: MSB Registration & PSP Readiness
Build a compliant Canadian pathway for money services and virtual-asset operations. We support entity setup, FINTRAC-aligned AML framework implementation, and optional PSP readiness planning where payment-activity obligations apply.
Regulatory snapshot
In practice, most clients start with the FINTRAC MSB/FMSB workstream, then add a PSP readiness layer if their payment activities fall into that scope.
MSB / FMSB core
Registration and AML program design for money services and virtual-asset-related activity as applicable to your model.
AML program depth
KYC, risk scoring, monitoring, escalation, records, and reporting workflows tailored to your transaction profile.
PSP readiness (optional)
Additional framework for payment-service activity where operational risk and safeguarding requirements apply.
Engagement options
Ready-made options available upon request.
- Intake Interview and assessment
- FINTRAC Pre-registration
- FINTRAC Registration
- Bank of Canada Registration
- Collection of all the clientʼs corporate and personal information and business related information (based on our BoC registration questionnaires)
- Registering an account with the BoC
- Preparing the registration application
- Drafting of a written compliance program (Incident prevention)
Implementation timeline
A practical sequence used for most Canada engagements.
Scope mapping
Classify activities and confirm whether MSB-only or dual-track readiness is needed.
Entity & governance design
Set legal structure, compliance ownership, and operating model for onboarding readiness.
Registration + AML framework
Prepare submission workflow and implement AML/KYC controls, monitoring, and reporting stack.
Launch readiness
Finalize controls, internal procedures, and operational evidence for production rollout.
Core compliance building blocks
What we typically implement for production-grade readiness.
Governance & accountability
Compliance ownership, internal controls, escalation pathways, and program governance.
KYC & onboarding controls
Identity verification design, risk segmentation, and enhanced due diligence for higher-risk clients.
Monitoring & reporting
Transaction monitoring logic, alert handling, documentation standards, and reporting readiness.
Policy & evidence pack
Written procedures, control matrices, team workflows, and auditable evidence structure.
FAQ
Quick answers for founders evaluating Canada.
Do all businesses need both MSB and PSP tracks?
Not always. We assess your specific activities first and only add the PSP workstream where applicable.
Can non-resident founders use this pathway?
Yes, many projects are structured for international founders, subject to model and operational requirements.
Why is pricing private?
Scope varies materially by business model, controls depth, and launch timing. We scope first to avoid misquoting.
Ready to launch in Canada?
Send your model and target markets — we’ll reply with a private roadmap and next-step plan.
