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Money services businesses with revoked registration

From: Financial Transactions and Reports Analysis Centre (FINTRAC)

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.

On this page

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:

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 registration if a money services business or a foreign money services business:

Number of revoked registrations (updated in February 2023)

Number of revoked registrations by quarter
Fiscal year Quarters Number of revoked registrations
2022-2023 Quarter 3 (between October 1 and December 31) 30
2022-2023 Quarters 1 and 2 (between April 1 and September 30) 32
Total not applicable 62

List of businesses with revoked registration (updated in February 2023)

The following entities:

Quarter legend


List of money services businesses or foreign money services businesses with revoked registration
Name Money services business registration number Location Revocation date
(Fiscal year / Quarter)
967 Exchange Ltd. M22281704 Toronto, Ontario 2022–2023 – Quarter 3
2139 Exchange Ltd. M22014636 Toronto, Ontario 2022–2023 – Quarter 3
Ado Trading Investment Limited M21897753 Markham, Ontario 2022–2023 – Quarter 3
AMAFX Market Global Group Ltd M20129318 London, United Kingdom 2022–2023 – Quarter 3
ASJ Forex Global Limited M21266580 Ottawa, Ontario 2022–2023 – Quarter 3
Bane Global Limited M20383745 Toronto, Ontario 2022–2023 – Quarter 3
BTCUSDT Investment Limited M20270479 London, United Kingdom 2022–2023 – Quarter 3
Cyber Agent America Inc. M20270693 Toronto, Ontario 2022–2023 – Quarter 3
Desi Global Limited M20141136 Toronto, Ontario 2022–2023 – Quarter 3
DMZ Financial Ltd. M22416401 Vancouver, British Columbia 2022–2023 – Quarter 3
E1 Investment Inc. M19581629 Vancouver, British Columbia 2022–2023 – Quarter 3
Felence Ltd M21657420 London, United Kingdom 2022–2023 – Quarter 3
Frédo BR Inc. M13758357 Montréal-Nord, Quebec 2022–2023 – Quarter 3
Geniopay Inc. M22313641 Saint-Clet, Quebec 2022–2023 – Quarter 3
Hong Kong Fortune Forex Group Limited M21455352 Toronto, Ontario 2022–2023 – Quarter 3
Kayser System Limited M21093076 Vancouver, British Columbia 2022–2023 – Quarter 3
Kuber Forex Inc. M16061625 Markham, Ontario 2022–2023 – Quarter 3
Leizan Capital Limited M22358519 North York, Ontario 2022–2023 – Quarter 3
Max UU Exchange Ltd. M22504200 Toronto, Ontario 2022–2023 – Quarter 3
Medal Global Ltd M20935205 Toronto, Ontario 2022–2023 – Quarter 3
MTRO Pay Holdings Ltd M21214299 Vancouver, British Columbia 2022–2023 – Quarter 3
OnRamp Technologies Limited M22699011 Vancouver, British Columbia 2022–2023 – Quarter 3
ORO Labz Ltd M22981181 Vancouver, British Columbia 2022–2023 – Quarter 3
Parapay Holdings Limited M21684691 Vancouver, British Columbia 2022–2023 – Quarter 3
QP Solutions Canada Ltd. M21448576 Vancouver, British Columbia 2022–2023 – Quarter 3
Trading Terminal Limited M21086498 Surrey, British Columbia 2022–2023 – Quarter 3
Transferclear Holdings Ltd M20090691 Vancouver, British Columbia 2022–2023 – Quarter 3
Trade Technology Limited M19182363 Vancouver, British Columbia 2022–2023 – Quarter 3
UX777 Exchange Ltd. M22461728 Toronto, Ontario 2022–2023 – Quarter 3
Wins Coin Exchange Ltd. M22065605 Toronto, Ontario 2022–2023 – Quarter 3
9207694 Canada Inc M18846616 Mississauga, Ontario 2022–2023 – Quarters 1 and 2
AAO Technologies M20466610 London, United Kingdom 2022–2023 – Quarters 1 and 2
B2C2 Ltd M20088465 London, United Kingdom 2022–2023 – Quarters 1 and 2
Blue Sky Metaverse Limited M20644803 Ajax, Ontario 2022–2023 – Quarters 1 and 2
CBMH Company Limited M21318800 Saskatoon, Saskatchewan 2022–2023 – Quarters 1 and 2
Cikkey Service Centre Limited M22494772 Toronto, Ontario 2022–2023 – Quarters 1 and 2
Cryptos OTC Trading Platform Limited M22006975 Toronto, Ontario 2022–2023 – Quarters 1 and 2
EBroker Global Group Ltd. M20543182 Toronto, Ontario 2022–2023 – Quarters 1 and 2
Fareach Group Limited M19162443 St John’s, Newfoundland 2022–2023 – Quarters 1 and 2
FM Technology Ltd M22383780 London, United Kingdom 2022–2023 – Quarters 1 and 2
Hengry Global Capital Limited M21944449 Mississauga, Ontario 2022–2023 – Quarters 1 and 2
Henordy Limited M20169681 Ottawa, Ontario 2022–2023 – Quarters 1 and 2
Homeopathy Limited M20274917 Kowloon Bay, Hong Kong 2022–2023 – Quarters 1 and 2
Huixing Global Group Limited M20366023 Hamilton, Ontario 2022–2023 – Quarters 1 and 2
Hung Ding Financial Management CO Ltd M20526201 Vancouver, British Columbia 2022–2023 – Quarters 1 and 2
IPS Internationnal M21597483 Bordeaux, France 2022–2023 – Quarters 1 and 2
ISC Exhange Limited M21533739 Scarborough, Ontario 2022–2023 – Quarters 1 and 2
Jaehe Tech Limited M19066464 Ottawa, Ontario 2022–2023 – Quarters 1 and 2
NALA Payments Limited M20700712 London, United Kingdom 2022–2023 – Quarters 1 and 2
Odin Service Group Limited M20558078 London, United Kingdom 2022–2023 – Quarters 1 and 2
Qihui Technology Inc M22478396 Oshawa, Ontario 2022–2023 – Quarters 1 and 2
Regina Forex M21068549 Brampton, Ontario 2022–2023 – Quarters 1 and 2
STF Trading Group Limited M19318200 Toronto, Ontario 2022–2023 – Quarters 1 and 2
Tiandin Limited M20138183 London, United Kingdom 2022–2023 – Quarters 1 and 2
Unison Corporation Limited M20355047 Toronto, Ontario 2022–2023 – Quarters 1 and 2
Wuyu Technology Limited M20907606 Saskatoon, Saskatchewan 2022–2023 – Quarters 1 and 2
Xingang Exchange Limited M20117825 Vancouver, British Columbia 2022–2023 – Quarters 1 and 2
Xmeta Exchange Ltd M22532955 Toronto, Ontario 2022–2023 – Quarters 1 and 2
Yakka Global Markets Limited M20769894 London, United Kingdom 2022–2023 – Quarters 1 and 2
Yingtu Group Limited M20891751 Ottawa, Ontario 2022–2023 – Quarters 1 and 2
Zac Management Ltd M20693164 Eden Island, Seychelles 2022–2023 – Quarters 1 and 2
Zhenbi Exchange Ltd M20195645 Kelowna, British Columbia 2022–2023 – Quarters 1 and 2

For up-to-date information on the most recent registration status of money services businesses, please refer to the Money Services Business Registry.

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