Ready-Made Canadian MSB License as a Market Entry Tool
If you are looking to get an MSB license Canada, this page explains what that process actually involves in regulatory and operational terms. In Canadian law, an MSB license in Canada refers to mandatory federal MSB registration with FINTRAC for a Money Services Business under the PCMLTFA/PCMLTFR framework, which defines permitted activities, compliance duties, and ongoing supervision. FINTRAC itself frames this as MSB/FMSB registration and compliance obligations, not a classic discretionary “license.”
MSB activities FINTRAC expects you to register for include (among others) money transfers, foreign exchange, issuing/redeeming money orders or traveller’s cheques (or similar), and dealing in virtual currency (plus some other categories in FINTRAC’s glossary/definitions).
This guide covers three practical paths founders typically consider: acquiring a ready-made Canadian MSB for sale, applying for MSB registration in Canada from scratch, or structuring a compliant entry for international businesses targeting Canadian clients. We explain how each option works, what FINTRAC expects in practice, and where banking, compliance, and timing constraints usually arise.
You will find a clear explanation of what a money services business license in Canada allows, how transfers and renewals work, what costs actually drive budgets, and when a ready-made MSB makes more sense than a new application.A Money Services Business (MSB) license in Canada empowers your business with direct entry into a regulated market. This ready-made license enables you to provide services such as currency exchange and money transfers with immediate compliance and enhanced trust from clients. This ready-made license facilitates a quick entry into the financial sector, ensuring full compliance with Canadian regulations. Obtaining an MSB license can elevate your company’s credibility, allowing you to offer services such as currency exchange and money transfers with confidence.
Table of Contents
Subtype
MSB
Jurisdiction
Canada
Category
Payment Institutions
Type
Business Licenses
Key Takeaways for Obtaining an MSB License in Canada
- FINTRAC registration defines the regime. A Canadian MSB operates under federal AML registration, not a discretionary licence, with clearly defined activities, reporting duties, and supervisory reviews.
- Ready-made MSBs transfer faster—but not responsibility. Buying an existing MSB avoids initial registration timing, but buyers inherit renewal cycles, compliance history, and post-transfer update obligations.
- Recent 2025 reforms raise the bar. New FINTRAC modernization measures introduce stricter agent and mandatary oversight from October 2025 and expand sanctions-related escalation and reporting requirements.
- Crypto activity is regulated but scrutinised. Virtual currency dealing is expressly covered under the MSB framework, triggering shorter reporting timelines and higher banking and monitoring expectations.
- Regulator fees are not the cost driver. FINTRAC charges no registration fee; real costs come from compliance staffing, AML tooling, effectiveness reviews, and banking onboarding.
- Banking is independent of registration. FINTRAC status does not guarantee accounts with Canadian banks, making compliance maturity and transaction logic critical for onboarding.
- Foreign founders have multiple entry paths. International groups can buy a ready-made Canadian MSB, apply for registration from scratch, or register as a Foreign MSB, depending on how services are directed at Canada.
- Legasset supports both routes. We assist with acquiring ready-made MSBs and with new FINTRAC registrations, aligning structure, compliance, and timing with the chosen business model.
Available Canadian MSB Licenses for Sale
Ready-Made Canadian MSB for Sale #1
- Business Type: MSB registered company located in Canada
- Location: British Columbia
- Year Established: Upon request
- AML Policies: Up-to-date and compliant with Canadian law, crafted and reviewed by Canadian legal experts
- AML Audit: Recently conducted with outstanding results
- Active corporate accounts with a Canadian bank.
- Active corporate account with an Electronic Money Institution (EMI).
- Active EMI account for processing customer funds, including bank card transactions.
- Foreign exchange dealing
- Money transferring
- Dealing in virtual currencies
- Payment services provider PSP
Ready-made MSB License Canada for Sale #2
- Business Type: MSB registered company located in Canada
- Location: British Columbia
- Year Established: 2024
- AML Policies: Up-to-date and compliant with Canadian law, crafted and reviewed by Canadian legal experts
- AML Audit: Recently conducted with outstanding results
- Banking Relationships: Without a bank account
- Foreign exchange dealing
- Money transferring
- Dealing in virtual currencies
- Payment services provider PSP
Active Canadian FMSB License with Estonian Company for Sale #3
- Incorporated in: Estonia
- MSB Registered in: Canada
- Initial Registration: January 2024
- Valid Until: November 2026
Licensed for:
- Foreign Exchange
- Money Transferring
- Virtual Currency Activities
- PSP (Payment Service Provider)
Included in the Offer:
- Ownership Transfer
- Company Name Change
- Addition of New Permissions
- Full documentation
- Clean and ready-to-operate structure
Assistance with RPAA onboarding (for an additional price).
Perfect for launching international financial services with a compliant MSB base in Canada.
MSB License Canada for Sale #4
Fully operational Canadian money remittance business available for acquisition:
- 12-year track record, MSB licensed & FINTRAC registered
- Proprietary online platform with omnichannel capabilities (online, cash, door-to-door, bank credit)
- Partners with financial institutions across 132+ countries, thousands agent/correspondent locations
- Team of 20 professionals
- Compliance-ready, turnkey acquisition, scalable infrastructure, strong institutional and agent network
Brand-New MSB Ready for Sale #5
- Established 2025, turnkey digital presence with website, branded email, and integrated eKYC (SumSub)
- Regulatory steps underway: FINTRAC registration and RPAA application with Bank of Canada
- Banking ready: operational corporate account in place
- Services: virtual currency, PSP, currency exchange across 39+ currencies, potential for crypto and gateway services
- No transactional history or liabilities, clean slate for go-to-market strategy
- First-mover advantage under RPAA, full infrastructure and compliance aligned with Canadian standards
- Ideal for fintechs or payment innovators seeking fast, low-effort market entry
MSB License in Canada for Sale #6
Fast-growing fintech startup in cross-border remittance and FX.
- Proprietary platform, in-house technology, scalable and secure
- Primary corridors: Canada, USA, EU (Spain, Portugal)
- Banking: accounts with RBC and DC Bank, strong operational backbone
- Services: international money transfers, competitive FX, low-cost pricing
- Regulatory: RPAA pending for expanded compliance and market trust
- Lean, profitable, and ready for growth in North American and European corridors
Understanding the MSB License in Canada
In Canada, MSBs are regulated under the Proceeds of Crime (Money Laundering) and Terrorist Financing Act. Registration is handled by FINTRAC, Canada’s federal AML supervisor. FINTRAC does not issue a discretionary licence, but maintains a mandatory registry of MSBs and enforces compliance obligations.
The market continues to use the term “MSB license in Canada” because registration is a legal prerequisite to operate. From a buyer’s perspective, the practical effect is similar to a licence: activities are defined, supervision applies, and non-compliance triggers penalties.
MSB vs Foreign MSB (FMSB): Structural Choice Matters
FINTRAC distinguishes between:
- Domestic MSB: an entity with a place of business in Canada providing MSB services.
- Foreign MSB (FMSB): an entity without a Canadian place of business that directs services at Canada and serves Canadian clients.
Directing services includes Canadian-focused marketing, Canadian domains, or onboarding Canadian residents. This distinction is critical when comparing ready-made Canadian entities with offshore structures, as compliance scope, banking expectations, and supervisory attention differ materially.
What FINTRAC Registration Typically Requires in Practice
Whether applying for a new Money Service Business Canada registration or acquiring a ready-made MSB license for sale, FINTRAC expects the same core information set to be accurate, complete, and internally consistent. In practice, registration quality is assessed across the following areas:
- Corporate details
Legal entity information, incorporation jurisdiction, registered address, and places of business in Canada, if any. - Ownership and control structure
Ultimate beneficial owners, controlling persons, and senior management, including transparency of ownership chains and source-of-funds narratives. - Declared MSB activities
Precise selection of MSB categories such as money transfers, foreign exchange, or virtual currency dealing. Activities outside the declared scope are treated as non-compliance. - Compliance officer designation
Identification of a responsible compliance officer with sufficient authority and availability to manage AML obligations. - Operational profile
Expected transaction types, client geography, delivery channels, and use of agents or third-party service providers. - Banking and settlement arrangements
Disclosure of existing or intended accounts used for MSB operations, even though FINTRAC does not approve banks directly. - Compliance framework readiness
Confirmation that AML policies, risk assessment, training, and reporting processes exist or are in place before operations begin.
Inaccurate or overly generic submissions often lead to clarification requests after registration or during examinations, particularly for crypto-related or cross-border models.
Recent FINTRAC Regulatory Updates Affecting MSBs (2025–2027)
Canada has introduced a series of FINTRAC modernization measures that materially affect MSBs and FMSBs from 2025 onward. These changes do not alter the core registration model, but they increase operational and governance expectations, particularly for agent-based and cross-border businesses.
- Agent and mandatary oversight (effective October 1, 2025)
MSBs and FMSBs that use agents or mandataries must implement formal eligibility verification, including review of criminal record checks for relevant individuals. These checks are required before engaging new agents and must be refreshed periodically. Transitional rules apply to agents engaged before October 1, 2025, with legacy relationships expected to be aligned within FINTRAC’s transition timelines. - Sanctions-related reporting enhancements (2025)
Reporting entities are now subject to strengthened obligations related to sanctions evasion. Where there are reasonable grounds to suspect that a transaction or attempted transaction relates to a sanctions evasion offence, reporting to FINTRAC must be made as soon as practicable. In addition, new regulatory instruments introduce a dedicated sanctioned property reporting concept under the AML framework. - Broader modernization context
These updates form part of a wider reform agenda that also enables expanded private-to-private information sharing and aligns Canada’s AML regime with international standards. For buyers of ready-made MSBs, these changes increase the importance of diligence around agent usage, monitoring logic, and policy currency.
Permitted Activities Under a Canadian MSB Registration
Core FINTRAC-Covered Activities
A registered MSB license Canada may carry out only the activities declared to FINTRAC, typically including:
- money transfers,
- foreign exchange dealing,
- issuing or redeeming money orders or similar instruments,
- dealing in virtual currency.
Activities outside the registered scope are treated as non-compliance, even if common in other jurisdictions.
What a Canadian MSB Does Not Authorise
A FINTRAC-registered Money Service Business Canada does not automatically have the right to:
- accept deposits,
- issue payment cards,
- hold safeguarded client balances like an EU EMI,
- offer lending or investment services.
This distinction is important to avoid misaligned expectations from buyers or banking partners.
Virtual Currency and Crypto-Related MSB Activity in Canada
Virtual currency dealing is explicitly captured under the Canadian MSB regime. Firms handling crypto-to-fiat, fiat-to-crypto, or crypto-to-crypto exchange activities fall within FINTRAC supervision.
Crypto-focused MSBs face enhanced expectations around transaction monitoring, source-of-funds logic, and reporting. Large Virtual Currency Transaction Reports apply once thresholds are met, with shorter submission timelines than cash reports. In practice, crypto activity increases banking scrutiny and requires stronger compliance documentation from day one.
How Foreign Founders Can Get an MSB License in Canada
Most buyers of Canadian MSBs are non-resident founders or international groups, and Canadian regulation allows this—provided the structure matches how services are offered to Canadian clients. There is no citizenship or residency requirement to buy an MSB in Canada or to obtain MSB registration in Canada, but the entry route matters.
Option 1: Buying a Ready-Made Canadian MSB License
Foreign founders often choose a ready-made MSB license for sale where a Canadian entity is already registered with FINTRAC. This route is typically used when immediate market entry is required or when counterparties expect an existing regulatory footprint.
After acquisition, FINTRAC must be notified of updated ownership, control persons, and business details within statutory timelines. The buyer also inherits the registration renewal cycle and must ensure compliance continuity from day one.
Option 2: Applying for MSB Registration in Canada from Scratch
International founders may also apply for an MSB license in Canada by incorporating a Canadian entity and registering it with FINTRAC before commencing operations. This route provides a clean compliance history but requires more upfront preparation, including policies, governance, and operational readiness.
Legasset assists foreign clients with this process, including structuring, compliance documentation, and alignment with FINTRAC expectations, where a ready-made entity is not the preferred solution.
Option 3: Foreign MSB (FMSB) Registration Without a Canadian Entity
In some cases, a foreign company without a Canadian place of business must register as a Foreign MSB (FMSB) if it directs services at Canada. This applies where Canadian clients are actively targeted or onboarded, even if operations remain offshore.
FMSB registration carries similar AML obligations but differs in substance expectations and banking realities. Choosing this route incorrectly is a common cause of delays and supervisory follow-ups.
Practical Note for International Clients
For foreign founders, the decision between buying an MSB in Canada, registering a new Canadian MSB, or operating as an FMSB should be made early. Banking access, compliance staffing, and transaction flows differ materially across these options and directly affect timelines and cost.
Ready-Made MSB for Sale vs New FINTRAC Registration
Why Buyers Choose Ready-Made Canadian MSBs
A ready-made MSB license Canada for sale allows immediate entry with an existing registration footprint. This can shorten time-to-market and reduce initial uncertainty around FINTRAC onboarding.
However, registration alone is not the decisive factor. Buyers value entities where compliance frameworks, reporting discipline, and governance structures are already in place or can be validated.
What Changes After Acquisition
Acquiring a registered MSB does not freeze regulatory obligations. FINTRAC requires updates to ownership, control, and key operational details within defined timeframes. Clarification requests after a transfer are common, particularly where business models evolve.
The buyer also inherits the two-year registration cycle, including the next renewal deadline. Due diligence must therefore cover not only status, but timing and compliance continuity.
Recent FINTRAC reforms from 2025 onward have increased post-acquisition compliance expectations, particularly for agent-based models.
Registration Validity, Renewals, and Lifecycle Obligations
FINTRAC MSB registration is valid for two years and must be renewed before expiry. Failure to renew or update material changes can result in registration lapse or enforcement action.
For ready-made entities, understanding renewal timing is operationally important. An acquisition shortly before renewal requires immediate compliance attention, not passive ownership.
Eligibility and Buyer Suitability Under FINTRAC Rules
Not all persons or entities are eligible to control or operate an MSB. FINTRAC excludes applicants and controllers with certain criminal convictions, including serious fraud, organised crime, and terrorism-related offences.
This eligibility framework explains why buyer due diligence is unavoidable. Ownership transparency and credible source-of-funds narratives are assessed not only by sellers, but indirectly by the regulator.
Compliance Framework Required for a Canadian MSB
Mandatory Compliance Program Elements
Every Canadian MSB must maintain a documented compliance program that includes:
- a designated compliance officer,
- written AML policies and procedures,
- a business-specific risk assessment,
- staff training,
- an independent effectiveness review at least every two years.
These elements must be operational, not theoretical. FINTRAC examinations focus on implementation quality, not document volume.
Reporting and Record-Keeping Obligations
Canadian MSBs are subject to strict reporting rules, including:
- large cash transaction reporting,
- large virtual currency transaction reporting,
- suspicious transaction reporting.
Records and report copies must generally be retained for five years. Reporting timelines differ by report type, making procedural accuracy critical.
Banking and Payment Rail Reality for Canadian MSBs
Banking remains one of the most underestimated constraints for MSBs in Canada. Registration with FINTRAC does not guarantee account access with Schedule I banks.
In practice, banks assess compliance maturity, transaction profile, geographic exposure, and virtual currency involvement. Many MSBs rely on alternative PSPs or EMIs, particularly during early operational stages.
RPAA vs FINTRAC MSB: Where the Line Is
The Retail Payment Activities Act (RPAA) governs certain payment service providers but does not replace FINTRAC MSB registration. Most MSBs fall outside RPAA unless they perform regulated payment functions beyond traditional MSB activity.
Confusing these regimes leads to incorrect structuring and delayed launches. Proper analysis is required before assuming RPAA obligations apply.
Costs of a Canadian MSB License: Real Drivers
FINTRAC does not charge a registration fee for MSB licence Canada. Cost expectations should instead focus on:
- compliance personnel,
- AML tooling,
- external reviews,
- governance support,
- banking onboarding.
This distinction explains why advertised “cheap MSB licenses” rarely reflect operational reality.
Eligibility and Practical Suitability for a Canadian MSB
Eligibility under the MSB licence Canada regime depends less on corporate form and more on ownership transparency, governance credibility, and operational readiness. FINTRAC rarely rejects aligned structures outright, but it consistently challenges weak compliance logic, unclear controllers, and unrealistic business models.
Ownership & Controllers
FINTRAC reviews ultimate beneficial owners and controlling persons for integrity, competence, and criminal history. Complex or layered ownership structures are acceptable, but only where UBO tracing and source-of-funds explanations are clear and internally consistent.
Governance & Key Individuals
A designated compliance officer is mandatory and must be functionally capable, not nominal. Crypto-facing or cross-border models increase expectations around experience and availability for follow-up questions.
Operational Readiness
Applicants and buyers must demonstrate realistic transaction flows, customer profiles, and geographic exposure. FINTRAC focuses on how policies operate in practice, not on template documentation.
Banking & Proof-of-Funds
While FINTRAC does not require a specific bank, proof of operational funding and credible banking strategy is often reviewed indirectly during compliance assessments and post-registration follow-ups.
Pros & Cons of a Ready-Made Canadian MSB
+ No regulator application fee. FINTRAC does not charge a registration fee, so acquisition costs relate to compliance setup and operations rather than government charges.
+ Transfer permitted without re-registration. Ownership changes are allowed, provided FINTRAC updates are filed on time, avoiding a full re-application cycle.
+ Federal AML supervision. A single national supervisor applies consistent rules across Canada, reducing interpretative risk compared to multi-regulator regimes.
+ Crypto activity explicitly covered. Virtual currency dealing is formally regulated under the MSB framework, giving clearer compliance boundaries than many alternative jurisdictions.
+ Recognised AML framework. FINTRAC supervision is well understood by banks and counterparties, which supports credibility when onboarding partners outside Canada.
– Banking not guaranteed. Canadian banks assess MSBs independently of FINTRAC status, and account opening often requires parallel PSP or EMI solutions.
– Ongoing compliance intensity. Reporting thresholds, timelines, and effectiveness reviews create continuous operational obligations, not a one-off setup exercise.
– Inherited compliance exposure. Buyers assume responsibility for past compliance quality, which may require remediation after acquisition.
– Limited functional permissions. An MSB does not allow deposit-taking, safeguarding, or card issuing, limiting scalability without additional licences.
– Renewal and update discipline required. Two-year registration renewals and mandatory change notifications create time-sensitive regulatory checkpoints.
How to Acquire or Obtain a Canadian MSB
There are two legitimate entry paths: acquiring a ready-made Canadian MSB for sale, or applying for FINTRAC registration from scratch. The right route depends on timing, risk tolerance, and compliance capacity.
Step-by-Step Licensing Process in Canada
- Step 1: Business Model Scoping 1-2 weeks
Define activities, client types, geography, and whether virtual currency services are involved.
Key focus: activity scope alignment with FINTRAC categories.
Timeline: 1–2 weeks. - Step 2: Entry Path Selection immediate
Choose between a ready-made MSB transfer or a new FINTRAC registration application.
Key consideration: urgency vs clean-slate compliance.
Timeline: immediate decision point. - Step 3A: Ready-Made MSB Transfer (If Applicable) 2-3 weeks
Conduct legal and compliance due diligence, execute ownership transfer, and prepare FINTRAC updates.
Key documents: NDA, KYC, corporate records, compliance file.
Timeline: typically weeks, depending on deal complexity. - Step 3B: New FINTRAC Registration (Alternative Path)
Prepare registration data, compliance program, and submit MSB registration before operations begin.
Key documents: policies, risk assessment, governance details.
Timeline: depends on readiness and follow-up queries. - Step 4: Post-Entry Compliance Alignment ongoing
Update registration details, address clarification requests, and align reporting workflows.
Key focus: reporting accuracy and record keeping.
Timeline: ongoing.
Total estimated timeline and costs
- From scoping to operational readiness, timelines vary based on entry path and business complexity. The main MSB license Canada cost drivers are compliance staffing, tooling, governance support, and banking onboarding, not regulator fees.
Legasset’s Role in Canadian MSB Projects
- We support both purchasing ready-made Canadian MSB for sale and new FINTRAC registration applications, depending on client objectives. Our involvement typically covers structuring, due diligence, regulatory alignment, and post-entry compliance support, ensuring that the chosen route matches operational reality rather than marketing assumptions.
How Legasset Structures Ready-Made MSB Transactions
Our role typically covers pre-screening, structured due diligence, and controlled ownership transfer. We focus on aligning regulatory reality with buyer objectives, rather than presenting registration as a standalone asset.
Support may extend to post-transfer compliance alignment, depending on the buyer’s business model and risk profile.
Post-Licensing Compliance Obligations
I. AML, CDD and Monitoring
MSBs must apply customer due diligence, beneficial ownership checks, transaction monitoring, and suspicious activity reporting proportionate to their risk profile.
II. Reporting & Record Keeping
FINTRAC reporting is threshold-driven and time-bound. MSBs must operationalise large cash and large virtual currency reporting, including the 24-hour aggregation concept. Record keeping is not limited to onboarding files. MSBs must retain copies of reports and supporting records for the prescribed retention period, which is a routine focus of examinations and banking due diligence.
MSB compliance becomes operational when reporting deadlines and record retention are embedded into daily workflows. The table below summarises the FINTRAC-trigger points that most often affect audits, banking reviews, and post-acquisition clean-ups.
| FINTRAC Obligation | Trigger and Deadline |
|---|---|
| Large Cash Transaction Report (LCTR) | When you receive CAD 10,000+ in cash in one or multiple transactions within 24 hours; submit within 15 calendar days. |
| Large Virtual Currency Transaction Report (LVCTR) | When you receive virtual currency worth CAD 10,000+ in one or multiple transactions within 24 hours; submit within 5 working days. |
| 24-hour aggregation rule | Multiple transactions may be treated as a single transaction if they occur within a 24-hour period (applies to LCTR and LVCTR). |
| Report copy retention | Keep a copy of each report submitted to FINTRAC for at least 5 years, in line with FINTRAC record-keeping guidance. |
| Registration updates | When MSB registration information changes, inform FINTRAC within 30 days using the prescribed change process. |
III. Governance, Updates and Notifications
Material changes to ownership, control, activities, or contact details must be reported to FINTRAC within required timeframes.
IV. Agent / Mandatary Oversight (Effective October 1, 2025)
MSBs and FMSBs that engage agents or mandataries must maintain documented processes to verify agent eligibility before engagement and on a recurring basis. This includes reviewing criminal record checks for relevant individuals and ensuring agents remain suitable throughout the relationship.
For acquisitions, this creates a post-closing workstream where existing agent relationships must be assessed against the updated rules. Agent-heavy models therefore require additional compliance budgeting and timeline planning.
V. Sanctions-Related Escalations and Reporting (2025 Updates)
Canadian MSBs must treat sanctions evasion risk as a defined escalation category within their AML framework. Where there are reasonable grounds to suspect that a transaction relates to a sanctions evasion offence, reporting must be made promptly, alongside internal documentation and controls.
These changes affect monitoring rules, staff training, and incident handling procedures. Buyers should expect policy updates and additional training requirements where sanctions exposure exists.
VI. Renewals and Effectiveness Reviews
Registration renewal every two years and periodic effectiveness reviews are not formalities; they are substantive checkpoints.
FAQ — Canadian MSB License for Sale
Is a Canadian MSB a license or a registration?
Legally, it is a FINTRAC registration, not a discretionary licence. In practice, it functions as a mandatory authorisation defining permitted activities and compliance scope.
Can a registered Canadian MSB be sold to a new owner?
Yes. Ownership changes are permitted, but FINTRAC must be notified of updated controllers and key details within required timeframes.
How long does it take to acquire a ready-made Canadian MSB?
Transfers can be completed within weeks, depending on due diligence scope and how quickly post-transfer updates are prepared and submitted.
Does a Canadian MSB allow crypto exchange activity?
Virtual currency dealing is permitted if registered as an activity and supported by appropriate compliance controls, reporting, and monitoring.
What are the main ongoing obligations after acquisition?
Maintaining a compliance program, submitting transaction reports on time, keeping records, updating FINTRAC on changes, and renewing registration every two years.
Is banking guaranteed with a Canadian MSB?
No. FINTRAC registration does not ensure bank account approval. Banking depends on risk profile, compliance maturity, and business model.
Can Legasset help with a new MSB registration instead of a ready-made entity?
Yes. We assist both with acquiring ready-made MSBs and with applying for FINTRAC registration from scratch, depending on client needs.
Additional Links and Resources for Canadian MSB Registration
Official overview of MSB and FMSB obligations, registration scope, and supervisory approach in Canada.
II. FINTRAC – MSB Registration Guidance
Explains who must register, when registration is required, and how FINTRAC treats domestic and foreign MSBs.
III. FINTRAC – Compliance Program Requirements
Details mandatory AML program elements, effectiveness reviews, and regulator expectations during examinations.
IV. FINTRAC – Transaction Reporting Guidance
Covers large cash, large virtual currency, and suspicious transaction reporting thresholds and timelines.
V. Government of Canada – Retail Payment Activities Act
Outlines the RPAA framework and helps distinguish PSP obligations from FINTRAC MSB registration.
