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FINTRAC revokes 32 registrations of money services businesses between April and September 2022

Money services businesses (MSBs) operating in Canada have legal obligations under the Proceeds of Crime (Money Laundering) and Terrorist Financing Act (PCMLTFA) and associated Regulations, including keeping records, verifying their clients’ identity, implementing a compliance regime, reporting certain types of financial transactions to the Centre and registering their business with FINTRAC.

FINTRAC verifies the compliance of businesses subject to the Act and has the legislative authority to revoke a money services business’ registration as per sections 11.1(2) and 11.17(2) of the PCMLTFA. A registration can be denied or revoked if the MSB does not reply to a clarification request or if the MSB is not eligible for registration.

Between April 1 and September 30, 2022, FINTRAC revoked the registrations of 32 money services businesses. The following entities did not meet the requirements of the PCMLTFA and associated Regulations, and are not eligible for registration as money services businesses or foreign money services businesses with FINTRAC:

NAME MSB REGISTRATION NUMBER LOCATION
9207694 CANADA INC M18846616 MISSISSAUGA, ONTARIO
AAO TECHNOLOGIES M20466610 LONDON, UNITED KINGDOM
B2C2 LTD M20088465 LONDON, UNITED KINGDOM
BLUE SKY METAVERSE LIMITED M20644803 AJAX, ONTARIO
CBMH COMPANY LIMITED M21318800 SASKATOON, SASKATCHEWAN
CIKKEY SERVICE CENTRE LIMITED M22494772 TORONTO, ONTARIO
CRYPTOS OTC TRADING PLATFORM LIMITED M22006975 TORONTO, ONTARIO
EBROKER GLOBAL GROUP LTD. M20543182 TORONTO, ONTARIO
FAREACH GROUP LIMITED M19162443 ST JOHN’S, NEWFOUNDLAND
FM TECHNOLOGY LTD M22383780 LONDON, UNITED KINGDOM
HENGRY GLOBAL CAPITAL LIMITED M21944449 MISSISSAUGA, ONTARIO
HENORDY LIMITED M20169681 OTTAWA, ONTARIO
HOMEOPATHY LIMITED M20274917 KOWLOON BAY, HONG KONG
HUIXING GLOBAL GROUP LIMITED M20366023 HAMILTON, ONTARIO
HUNG DING FINANCIAL MANAGEMENT CO LTD M20526201 VANCOUVER, BRITISH COLUMBIA
IPS INTERNATIONNAL M21597483 BORDEAUX, FRANCE
ISC EXCHANGE LIMITED M21533739 SCARBOROUGH, ONTARIO
JAEHE TECH LIMITED M19066464 OTTAWA, ONTARIO
NALA PAYMENTS LIMITED M20700712 LONDON, UNITED KINGDOM
ODIN SERVICE GROUP LIMITED M20558078 LONDON, UNITED KINGDOM
QIHUI TECHNOLOGY INC M22478396 OSHAWA, ONTARIO
REGINA FOREX M21068549 BRAMPTON, ONTARIO
STF TRADING GROUP LIMITED M19318200 TORONTO, ONTARIO
TIANDIN LIMITED M20138183 LONDON, UNITED KINGDOM
UNISON CORPORATION LIMITED M20355047 TORONTO, ONTARIO
WUYU TECHNOLOGY LIMITED M20907606 SASKATOON, SASKATCHEWAN
XINGANG EXCHANGE LIMITED M20117825 VANCOUVER, BRITISH COLUMBIA
XMETA EXCHANGE LTD M22532955 TORONTO, ONTARIO
YAKKA GLOBAL MARKETS LIMITED M20769894 LONDON, UNITED KINGDOM
YINGTU GROUP LIMITED M20891751 OTTAWA, ONTARIO
ZAC MANAGEMENT LTD M20693164 EDEN ISLAND, SEYCHELLES
ZHENBI EXCHANGE LTD M20195645 KELOWNA, BRITISH COLUMBIA

Consult the money services businesses registry for up to date information on registered money services businesses.

Date Modified: