| Package overview | Foundation | Standard | Premium |
|---|---|---|---|
| Positioning | Canadian Presence and FINTRAC Liaison | FINTRAC-appointed Compliance Officer with Compliance Support | FINTRAC-appointed Compliance Officer with Full-service Delivery and Advisory |
| Best fit for | Clients who have just acquired a ready-made MSB and need Canadian substance for bank onboarding plus FINTRAC liaison for regulatory dealings. Internal compliance ownership retained by the client. | MSBs ready to launch or operate. Canadian Compliance Officer officially appointed to FINTRAC, plus compliance support, with operational items delivered at guidance and consulting intensity. Strong fit for early-stage MSBs preparing to onboard their first clients. | MSBs wanting full-service compliance delivery. Same scope as Standard plus active administration of client onboarding, transaction monitoring, regulatory filing, and record-keeping. Adds fintech, crypto, and legal advisory. |
| Indicative monthly price | USD 2,500 | USD 5,000 | USD 8,500 |
| Foundation services (all tiers) | |||
| Canadian physical presenceMSB location registered at our Canadian law firm address with substance confirmation, suitable for payment processors and similar. This is a higher level than a virtual address; a virtual address only fulfils basic requirements. | ✓ | ✓ | ✓ |
| Ongoing Canadian AML advisoryOngoing Canadian AML advisory services, including responding to AML-related questions, providing compliance guidance, and helping you meet ongoing AML obligations. | ✓ | ✓ | ✓ |
| FINTRAC liaison servicesOur Canadian resident compliance professional acts as your authorised representative with FINTRAC. | ✓ | ✓ | ✓ |
| Document notarization servicesNotarisation of documents on your behalf as needed for corporate filings, banking, and regulatory submissions. | ✓ | ✓ | ✓ |
| Corporate registry filing assistanceCorporate registry filing assistance for basic changes (directors, officers, addresses, company name) with your corporate registry and FINTRAC. | ✓ | ✓ | ✓ |
| Corporate document maintenanceUpdating your minute book and corporate records to ensure compliance. | ✓ | ✓ | ✓ |
| Canadian Compliance Officer (Standard and Premium) | |||
| Fractional Canadian Resident Compliance Officer (MLRO)A seasoned Canadian compliance professional designated as your official Compliance Officer with FINTRAC. Oversees the implementation of your written compliance program. Well-versed in navigating Canadian regulatory frameworks and ensuring your business meets the necessary compliance requirements and standards for operation within Canada. | — | ✓ | ✓ |
| Compliance Support (Standard and Premium) | |||
| Expert ConnectionsIntroductions to our network of specialists, including outsourced CTOs, outsourced CCOs, and fintech and crypto-experienced accountants. | — | ✓ | ✓ |
| Vendor SelectionThorough vetting of potential vendors against your business needs and AML compliance standards. Covers financial institutions, AML solution providers, and technology partners, with informed recommendations on who to partner with. | — | ✓ | ✓ |
| AML Policies and ProceduresRefining your AML policies and procedures for compliance with Canadian AML regulations and your business’s risk profile. Includes transaction monitoring and report filing practices. | — | ✓ | ✓ |
| Compliance ConsultingOperational reviews of marketing, client onboarding, and new service offerings against AML standards. Goes beyond the day-to-day Q&A covered by ongoing AML advisory. | — | ✓ | ✓ |
| Regulatory UpdatesOngoing notification of changes to Canadian AML regulations and FINTRAC requirements. | — | ✓ | ✓ |
| Operational Support (Standard at advisory intensity, Premium at full-service) | |||
| Onboarding AssistanceOnboarding with banks, payment service providers, liquidity providers, FX providers, and other service providers needed to deliver your services. Subject to our Vendor Selection approval. | — | Consulting | Conducting (we do it for you) |
| Client OnboardingHow you verify and accept new MSB clients (KYC, risk scoring, documentation). | — | Guidance on your client onboarding system and implementation. | Setting up and administering your client onboarding process. |
| Transaction Monitoring SupportDetection of suspicious transactions per FINTRAC requirements. | — | Guidance on setting up transaction monitoring systems. | Setting up and administering transaction monitoring systems. |
| Training and EducationCompliance and AML training for your staff. | — | Access to a library of self-serve online training materials and testing. Annual live training session. | Customised live training sessions for client staff on compliance, AML, and regulatory changes, followed by customised testing. |
| Regulatory Filing SupportSubmission of FINTRAC and related regulatory reports. | — | Templates and guidance for self-filing, walking you through the process. | Full-service filing of necessary regulatory documents on your behalf. |
| Record-KeepingDocument retention and audit trail maintenance per FINTRAC requirements. | — | Consulting on record-keeping requirements and best practices for efficient record-keeping. | Performing the record-keeping function on your behalf. |
| Advisory Services (included in Premium, ad-hoc for Standard) | |||
| Fintech AdvisoryStrategic advice on flow of funds, operational models, and positioning within the digital finance landscape. | — | Ad-hoc, USD 450/hr | ✓ |
| Crypto AdvisoryGuidance on crypto business models, token management, blockchain technology, and introductions to crypto-friendly partners (liquidity providers, banks, customers). | — | Ad-hoc, USD 450/hr | ✓ |
| Legal SupportAccess to fintech legal services covering privacy policies, terms of service, service agreements, NDAs, and regulatory clarifications. | — | Ad-hoc, USD 450/hr | 3 hours/month |
Tell us your current MSB stage, services offered and target client volumes, and we will confirm the right package and any scope adjustments. Every Canadian MSB compliance engagement we run is delivered by our legal and compliance team, with a documented programme covering FINTRAC obligations, AML policy and record-keeping. Contact us through the form below and we will get back to you with a tailored response.
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Contact us to discuss your compliance scope with our Canada country manager or to arrange an online meeting.
