PCMLTFA · FINTRAC · Bill C-12 specialists

Canada's AML compliance firm

Fractional MLRO, independent AML audits and MSB compliance services for Canadian businesses registered with FINTRAC.

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Explore our services
 Canada-wide service
PCMLTFA & Bill C-12 specialists
MSBs & fintechs served
Written reports included
Secure. Compliant. Empowered.
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what we do

AML compliance services for Canadian MSBs, PSPs & fintechs

ComplyFactor provides AML compliance services to regulated businesses across Canada, from independent FINTRAC effectiveness reviews to fractional MLRO support and MSB registration. Each service is built around the PCMLTFA and FINTRAC's published requirements.

AML Audit - ComplyFactor

Independent AML Audit

FINTRAC effectiveness review with a written report, severity-rated findings and a remediation roadmap.

Fractional MLRO - ComplyFactor

Fractional MLRO

Senior MLRO expertise on a flexible basis, covering PCMLTFA reporting obligations.

Fractional Compliance Officer - Fractional MLRO - ComplyFactor

Fractional Compliance Officer

Outsourced compliance officer for Canadian MSBs and PSPs, working to FINTRAC requirements.

MSB Registration

FINTRAC MSB registration support from application through your first compliance review.

AML Compliance Program

Risk-based AML compliance program design for Canadian businesses under the PCMLTFA.

AML Advisory

AML guidance from Canada-based specialists, including FINTRAC examination preparation.

30 min
Free initial consultation
1 business day
Reply to every enquiry
2 years
Maximum gap between required effectiveness reviews
40×
Maximum rise in FINTRAC penalty limits since 26 March 2026
INTERNATIONAL CLIENTS

Helping International Fintechs Enter the Canadian Market

ComplyFactor supports international entrepreneurs, investors and financial-services companies seeking to establish a presence in Canada's regulated financial sector.

Whether you are based in the UAE, India, Cyprus, Germany, Turkey, Ukraine or another market, we help you work out which route fits your business activities, ownership structure and Canadian regulatory requirements.

Acquire an Existing Business

Explore available FINTRAC-registered Canadian MSB companies through our acquisition network. We help buyers evaluate registration status, corporate records, AML compliance risks and post-acquisition requirements before proceeding.

Establish a New Business

Get support assessing Canadian MSB or Foreign MSB registration requirements, preparing FINTRAC documentation and developing the AML compliance arrangements appropriate for your business.

Not Sure Which Route Fits Your Business?

Your company and ownership structure
Business activities and Canadian customers
Canadian MSB versus FMSB requirements
FINTRAC, RPAA and AML obligations
Banking and operational readiness

We help international founders assess these factors before choosing an acquisition or new registration route.

Discuss Your Market Entry Plan
why choose us

Why Canadian businesses choose ComplyFactor

We are a specialist AML compliance firm. Our work is helping Canadian MSBs, PSPs and fintechs meet their FINTRAC obligations.

Canadian Business choose ComplyFactor
Remote-first
delivery across Canada

Canada-wide AML specialists

We serve regulated businesses across Canada, including Ontario, BC, Alberta and Quebec. Delivery is remote-first, so location does not limit who we can work with.

PCMLTFA & Bill C-12 specialists

Our services are built around the PCMLTFA and FINTRAC guidance, not adapted from UK or US frameworks. We prepare clients for FINTRAC examinations and test their programs against FINTRAC's published requirements.

Focus on MSBs and fintechs

We work mainly with MSBs, PSPs, virtual currency businesses and fintechs. Banks, insurers and accountants are outside our core focus.

Written reports included

Every engagement includes a written report or other deliverable, prepared for senior management.

Remediation support

We provide prioritized action plans for the problems we find, and we can help your team implement the fixes.

Industries we serve

Who we work with in Canada

We work with Canadian businesses that are reporting entities under the PCMLTFA and must maintain an AML compliance program, including MSBs registered with FINTRAC.

Money Services Businesses (MSBs)

Currency exchange, remittance, cheque cashing.

Payment Service Providers (PSPs)

RPAA-regulated payment firms.

Crypto & VASP Companies

Virtual currency dealers registered with FINTRAC as MSBs.

Finance & Leasing Companies

Subject to PCMLTFA obligations since April 1, 2025.

Since April 2025

Financing and leasing entities have been subject to PCMLTFA obligations since April 1, 2025. If your business is in this category, ComplyFactor can help you set up your compliance program and arrange your first independent review.

Talk to us
Bill C-12 · Royal Assent March 26, 2026

What Bill C-12 changed for FINTRAC penalties

Since 26 March 2026, Bill C-12 has raised the maximum FINTRAC penalties to up to 40 times the previous limits. A serious violation can now carry a penalty of up to $4,000,000, and a very serious violation up to $20,000,000 for an entity.

Book your independent review
Violation
Before 26 Mar 2026
Since 26 Mar 2026
Minor
Up to $1,000
Up to $40,000
Serious
Up to $100,000
Up to $4,000,000
Very Serious (entity)
Up to $500,000
Up to $20,000,000
Cumulative cap, multiple violations, entity
:
Greater of $20M or 3% of gross global revenue for the previous financial year
Violation
Before 26 Mar 2026
Since 26 Mar 2026
Minor
Before 26 Mar 2026:
$1,000
now:
$40,000
Serious
Before 26 Mar 2026:
$100,000
now:
$4,000,000
Very Serious (entity)
Before 26 Mar 2026:
$500,000
now:
$20,000,000
Social proof
“
As a fast-moving fintech infrastructure platform, we needed compliance support that could match the pace and complexity of our business. ComplyFactor gave us a clear, practical framework for AML, KYB/KYC, risk controls and regulatory readiness — without slowing down our operations.
Anton Lobintsev
“
Had an awesome experience working with Saeed and the team at ComplyFactor. They were very thorough with the AML audit and helpful with getting things done right and on time — will recommend anytime.
Tobi Oduah
Co-founder, Rolla Finance
Written
report with every engagement
PCMLTFA
and Bill C-12 specialists
Remote-first
delivery across Canada
4
Jurisdictions covered
client impact

Press coverage of our clients

We support fintechs, PSPs and stablecoin issuers with their compliance programs. Their launches have been covered by publications including Forbes, PYMNTS and Crypto News.

Our Clients in the News
Forbes
PYMNTS
Crypto News
crypto.news
Forbes
Crypto News
Stablecoins
Mosta · MainUSD

Mosta launches MainUSD: a regulated dollar built for global settlement

Mosta's MainUSD is a fully backed, multi-chain USD stablecoin for business payments, built for settlement. It is an example of the regulated digital-asset infrastructure ComplyFactor helps bring to market.

Read on Forbes
Read on Crypto News
PYMNTS
B2B payments
SquareFi

SquareFi launches stablecoin infrastructure for cross-border B2B payments

Emerging from stealth with $250M in transaction volume, SquareFi connects business accounts, cards and crypto into one compliant rail for global money movement.

Read on PYMNTS
crypto.news
Remittances
Zoth

Bakkt & Zoth partner to target the South Asia remittance market with stablecoins

Zoth's partnership with Bakkt builds compliant stablecoin payment rails across high-volume US, South Asia, Middle East and Africa remittance corridors.

Read on crypto.news
our team

The people who work on your engagement

Our team combines compliance, regulatory and legal expertise across Canadian and international frameworks.

Mauricio: BSA AML Compliance Officer
Mauricio
BSA AML Compliance Officer
Elson: Regulatory Compliance Specialist
Elson
Regulatory Compliance Specialist
David: Director, Legal Services
David
Director, Legal Services
Francisco: Regulatory Compliance Specialist
Francisco
Regulatory Compliance Specialist
Insights & resources

Canada AML compliance: latest insights

Stay current with FINTRAC regulations, PCMLTFA updates, and AML compliance guidance for Canadian MSBs and PSPs.

View all insights
Beneficial ownership verification in Canada
RPAA

AI risk under the RPAA: what the Bank of Canada expects from PSPs

No AI-specific RPAA rules exist. How shadow AI, prompt injection, agent permissions, provider concentration and AI fraud fit the duties PSPs already have.

Read more
Beneficial ownership verification in Canada
CANADA

82 Revocations: How MSBs Are Losing Their FINTRAC Registration

FINTRAC revoked 82 MSB registrations in 2025-26, up from 12 the year before, and linked the rise to unanswered clarification requests and information demands. Learn the legal grounds, how revocation differs from expiry, and six controls that protect your registration.

Read more
Beneficial ownership verification in Canada
CANADA

$247M in a Year: What FINTRAC's Record Penalties Mean for MSBs

FINTRAC's 2025–26 annual report shows a record $247M+ in penalties across 35 notices, with $198M+ issued to MSBs. This article covers how a few large crypto cases drove the total, which failures recur, and six evidence checks for MSBs.

Read more
Get started

Book a free Canada AML consultation

Tell us about your business and we'll confirm which services you need. The call is free, has no obligation and takes 30 minutes.

Free, no obligation, 30 minutes
Senior consultant on every engagement
Aligned with PCMLTFA & FINTRAC standards
+1 807 806 0444 · Suite 211, 320 Matheson Blvd West, Mississauga, ON

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