Money services businesses with revoked registration
Consult the list of money services businesses with revoked registration from the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC). Understand their legal obligations and the circumstances to revoke registration.
Note: Registration with FINTRAC does not indicate that FINTRAC endorses or licenses the business. It indicates only that the business has satisfied the legal requirements to register.
On this page
- Legal obligations of money services businesses
- Circumstances to revoke registration
- List of businesses with revoked registration
- Related links
Legal obligations of money services businesses
Money services businesses operating in Canada have legal obligations under the Proceeds of Crime (Money Laundering) and Terrorist Financing Act (the Act) and associated Regulations, including:
- keeping records
- verifying their clients' identity
- implementing a compliance regime
- reporting certain types of financial transactions to FINTRAC
- registering their business with FINTRAC
Circumstances to revoke registration
FINTRAC verifies the compliance of businesses subject to the Act and has the legislative authority to revoke a money services business' registration.
FINTRAC can deny or revoke a registration if a money services business or a foreign money services business:
- is not eligible for registration
- does not answer a clarification request within 30 days
- does not respond, in a timely manner, to demands for information from FINTRAC
- does not notify the Centre of updates to their operating information (name or address)
- fails to provide assistance to the Centre
If a registration is denied or revoked, businesses may request a review of their file within 30 days. Consult Reviews and appeals.
List of businesses with revoked registration
Search results
| Organization Names (Legal and Operating) | Business Address | Services Offered | MSB Registration Status | MSB Registration Number | MSB Initial Registration Date YYYY/MM/DD | MSB Registration Expiry Date YYYY/MM/DD | MSB Registration Cessation Date YYYY/MM/DD | MSB Registration Revocation Date YYYY/MM/DD | Jurisdiction of Incorporation | Incorporation Number | Incorporation Date YYYY/MM/DD | Foreign MSB Indicator | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| DATATABLE | |||||||||||||||||||||
For up-to-date information on the most recent registration status of money services businesses, please refer to the Money Services Business Registry.
Related links
- Money Services Business Registry
- Guidance for money services businesses
- Conducting transactions with a money services business
- Date Modified: