ComplyFactor helps buyers acquire FINTRAC-registered Canadian MSBs with due diligence before purchase and support for required post-closing compliance updates. Review current opportunities, understand the registered activities and compliance history, and assess the business before you commit.
Our team can review the target MSB’s FINTRAC status, corporate records, AML program, ownership and available compliance documentation, then support the regulatory and compliance work required after acquisition. Scope and deliverables are agreed before the engagement begins.
For buyers who want to acquire an existing Canadian corporation with an active FINTRAC registration, we provide availability checks, due diligence and post-acquisition compliance support.
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For: buyers and investors who want an existing Canadian corporation that already holds an active FINTRAC registration, with professional review before purchase.
We provide: current availability on request, registry and corporate-information verification, full AML and regulatory due diligence on the target, and the post-closing compliance work an acquisition triggers.
Key deliverables: risk-prioritised due-diligence report, registration consistency review, post-acquisition compliance roadmap.
Our Canadian MSB registration service covers everything needed to register an MSB in Canada correctly the first time: the FINTRAC MSB registration itself and the compliance infrastructure that must stand behind it.
Full scope, timelines and pricing approach are on our dedicated Canadian MSB registration service page.
Every package is fixed in scope and fixed in price, agreed in writing before work begins. Choose the route that fits your structure, timeline and risk appetite.
Canadian AML specialisation: FINTRAC and PCMLTFA work is our core practice, delivered from Ontario.
A ready-made Canadian MSB is an existing corporation that already holds an active FINTRAC registration. For buyers who want an established entity rather than a fresh incorporation, it can be a legitimate and efficient way into the market — provided the company is properly assessed before purchase.
Buyers who consider this route typically include international payment groups entering Canada, investors acquiring a FINTRAC-registered MSB as a platform, and operators who value an entity with corporate history. Depending on the specific company, a transaction may include the corporation and its registration, corporate documents, an existing compliance program, and in some cases operating history.
Two things every buyer should understand. First, you acquire the corporation itself: a FINTRAC registration belongs to the entity and cannot be bought separately. Second, an MSB for sale in Canada must be independently reviewed, because registered status says nothing about the quality of its AML program, its reporting history or its suitability for your business model. That review is exactly what we do.
Opportunities are subject to availability, and suitability always depends on your intended business model.
We will confirm what is currently available and what each option would require before and after closing.
If you plan to buy a Canadian MSB, the compliance review is where the real price of the deal becomes visible. Our MSB acquisition due diligence examines the target across the areas a seller's summary and a registry search cannot reach.
The output is a written, risk-prioritised findings report you can take into price negotiation, closing conditions, or a decision to walk away. Corporate, legal, tax and financial due diligence should run in parallel with your own legal and financial advisers; our review covers the AML, FINTRAC and compliance side.
Neither route is always faster or cheaper once the full work is counted. The honest comparison:
We run this comparison against your specific plans in a written route assessment rather than selling one answer.
"Canadian MSB license" is the phrase most people search, and we use it on this page because it matches how the market talks. Officially, Canada does not issue an MSB licence. FINTRAC registers Money Services Businesses and Foreign MSBs under the PCMLTFA: registration is a mandatory federal requirement before you operate, it is free of government fees, and it is not a standalone licence that can be transferred separately from the company that holds it.
Inclusion in the public MSB Registry is also not an endorsement by FINTRAC and does not certify that a business is compliant. In practice, "MSB licence" and "FINTRAC registration" describe the same thing, and everything on this page applies to both terms.
For the complete application process, documents, fees and renewal rules, see our complete FINTRAC MSB registration guide.
No guaranteed approvals, no promised timelines. FINTRAC controls its own processing times. We prepare complete submissions and respond quickly to clarification requests rather than promising regulator outcomes.
Canadian MSB requirements tightened significantly through 2025 and 2026. These are the current rules that shape every registration and every acquisition we work on.
The FINTRAC MSB Registry is public, and checking it directly is the first step before any purchase or partnership. To check MSB registration in Canada, search the registry by name or registration number and confirm the legal and operating names, registered activities, status and expiry date against what you have been told. A company weeks from expiry, or whose registered activities do not match the seller's description, is telling you something.
What the registry cannot prove: the quality of the compliance program, whether reporting obligations were met, whether FINTRAC has issued findings, or whether any bank will serve the business. Registered status is the starting point of due diligence, not the conclusion — which is why a professional compliance review sits between a registry search and a signed purchase agreement.
Closing is the midpoint of an MSB acquisition. Our post-acquisition MSB compliance service turns the company you bought into the company you can operate.
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The same FINTRAC compliance support continues after remediation, through our fractional compliance officer, independent effectiveness review and AML advisory services, so Canadian MSB compliance does not stop at handover.
FINTRAC controls its own processing times, so we prepare complete submissions and respond quickly to clarification requests rather than promising regulator timelines.
We confirm which MSB services apply to your model.
Canadian MSB or FMSB, with structure guidance.
Ownership, management and criminal record checks.
Submission and all correspondence handled.
Program, training, calendar and renewal tracking.
Your model, activities, geographies and timeline.
Availability, consistency and initial red flags.
Full compliance review of the target.
Prioritised issues for negotiation and closing conditions.
Updates, remediation and go-live readiness.
Canadian AML specialisation: FINTRAC and PCMLTFA work is our core practice, delivered from Ontario.
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We work with MSBs, PSPs, fintechs and virtual-currency companies across all current FINTRAC MSB activity types.
Route assessments, due-diligence reports and compliance roadmaps are written, specific and built to be actioned by your team, your lawyers or a bank's onboarding committee.
The same firm that registers or reviews the company carries you through the AML program, fractional compliance officer support, independent effectiveness reviews and ongoing advisory.
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We tell buyers what a ready-made MSB does and does not give them. No guaranteed approvals, no promised timelines, no claims of instant operation.
There are two commercial routes: register a new MSB or FMSB with FINTRAC, or acquire an existing Canadian corporation that already holds a registration. ComplyFactor manages the full registration process and provides due diligence and compliance support for acquisitions. A free consultation confirms which route fits your model.
You can acquire a Canadian corporation that holds an active FINTRAC registration. You are buying the company and its full history, so independent compliance due diligence and post-closing registration updates are essential parts of the transaction.
Availability changes, so we handle it on request. Contact us with your intended activities, target markets and timeline and we will confirm current ready-made MSB availability and what each option would require before and after closing.
It depends on your model and appetite for inherited risk. New registration offers control and a clean record; acquisition offers an existing entity at the cost of heavier due diligence and post-closing work. Our written route assessment compares both against your specific plans.
Search the public FINTRAC MSB Registry by business name or registration number and confirm the legal name, registered activities, status and expiry date against what you have been told. Remember that registered status does not prove the business is compliant.
At minimum: registry and corporate-information verification, review of the AML program and risk assessment, reporting and record-keeping history, compliance officer and agent arrangements, regulatory correspondence, and an assessment of the post-closing updates you would inherit. We deliver this as a risk-prioritised written report.
No. After a change in ownership or control, registration information must be updated with FINTRAC within 30 days, the compliance program usually needs realignment to your business, and banks reassess relationships. Treat claims of immediate operation as a warning sign about the seller.
A Canadian MSB has a place of business in Canada. A Foreign MSB has none but directs money services at people in Canada and provides them to Canadian clients, and it must appoint a Canadian representative for service. Both register with FINTRAC and carry full compliance obligations.
Only if it performs retail payment functions covered by the Retail Payment Activities Act. FINTRAC registration and Bank of Canada PSP registration are separate frameworks, and one does not satisfy the other. We map both and support PSP registration where it applies.
Yes. We handle the FINTRAC registration updates, compliance officer transition, AML program realignment, training, agent verification, remediation and preparation for examinations and bank re-onboarding, then continue with ongoing compliance support if you want it.
Stay current with FINTRAC registration, MSB compliance requirements, PCMLTFA updates, and practical guidance for Canadian MSBs.
Tell us about your business and we'll confirm which services you need — free, no obligation, 30 minutes.
