Canada MSB – Compliance as a Service

Monthly compliance outsourcing packages for Canada MSB companies. Three tiers cover FINTRAC representation, a Compliance Officer, AML programme delivery and full-service operational support.

✓ Toronto-based compliance specialists
✓ Compliance Officer appointed to FINTRAC
✓ No onboarding fees for MAXCORP clients

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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. 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	€2,500	€5,000	€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.	✓	✓	✓
Compliance Officer (Standard and Premium) In Standard solutions, Compliance Officer services are subject to a monthly cap of 20 hours.
Fractional Compliance Officer (MLRO)A seasoned compliance professional designated as your official Compliance Officer with FINTRAC. Oversees the implementation of your written compliance program. Well-versed in navigating the relevant regulatory frameworks and ensuring your business meets the necessary compliance requirements and standards for operation.	—	✓	✓
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 Foundation and Standard)
Fintech AdvisoryStrategic advice on flow of funds, operational models, and positioning within the digital finance landscape.	Ad-hoc	Ad-hoc	✓
Crypto AdvisoryGuidance on crypto business models, token management, blockchain technology, and introductions to crypto-friendly partners (liquidity providers, banks, customers).	Ad-hoc	Ad-hoc	✓
Legal SupportAccess to fintech legal services covering privacy policies, terms of service, service agreements, NDAs, and regulatory clarifications.	Ad-hoc	Ad-hoc	2 hours/month

Foundation

Canadian Presence and FINTRAC Liaison

€2,500 /mo (indicative)

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.

Foundation services (all tiers)

Canadian physical presence. MSB 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 advisory. Ongoing advisory services, including responding to AML-related questions, providing compliance guidance, and helping you meet ongoing AML obligations.
FINTRAC liaison services. Our Canadian-resident compliance professional acts as your authorised representative with FINTRAC.
Document notarization services. Notarisation of documents on your behalf as needed for corporate filings, banking, and regulatory submissions.
Corporate registry filing assistance. Assistance with basic changes (directors, officers, addresses, company name) with your corporate registry and FINTRAC.
Corporate document maintenance. Updating your minute book and corporate records to ensure compliance.

Advisory services: ad-hoc

Fintech advisory. Available ad-hoc. Strategic advice on flow of funds, operational models, and positioning within the digital finance landscape.
Crypto advisory. Available ad-hoc. Guidance on crypto business models, token management, blockchain technology, and partner introductions.
Legal support. Available ad-hoc. Fintech legal services covering privacy policies, terms of service, service agreements, NDAs, and regulatory clarifications.

Standard

FINTRAC-appointed Compliance Officer with Compliance Support

€5,000 /mo (indicative)

Best fit for: MSBs ready to launch or operate. 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.

Includes everything in Foundation, plus:

Compliance Officer

Standard solutions include a monthly cap of 20 hours of Compliance Officer services.

Fractional Compliance Officer (MLRO). A seasoned compliance professional designated as your official Compliance Officer with FINTRAC. Oversees the implementation of your written compliance program. Well-versed in navigating the relevant regulatory frameworks and ensuring your business meets the necessary compliance requirements and standards for operation.

Compliance support

Expert connections. Introductions to our network of specialists, including outsourced CTOs, outsourced CCOs, and fintech and crypto-experienced accountants.
Vendor selection. Thorough 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 procedures. Refining 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 consulting. Operational 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 updates. Ongoing notification of changes to Canadian AML regulations and FINTRAC requirements.

Operational support: consulting intensity

Onboarding assistance: consulting on banks, PSPs, liquidity providers, FX providers and other service providers needed to deliver your services. Subject to our Vendor Selection approval.
Client onboarding (KYC): guidance on your client onboarding system and implementation.
Transaction monitoring: guidance on setting up transaction monitoring systems for detection of suspicious transactions per FINTRAC requirements.
Training and education: access to a library of self-serve online training materials and testing, plus an annual live training session.
Regulatory filing: templates and guidance for self-filing FINTRAC and related reports, walking you through the process.
Record-keeping: consulting on record-keeping requirements and best practices for efficient record-keeping per FINTRAC requirements.

Advisory services: ad-hoc

Fintech advisory. Strategic advice on flow of funds, operational models, and positioning within the digital finance landscape.
Crypto advisory. Guidance on crypto business models, token management, blockchain technology, and introductions to crypto-friendly partners.
Legal support. Access to fintech legal services covering privacy policies, terms of service, service agreements, NDAs, and regulatory clarifications.

Premium

FINTRAC-appointed Compliance Officer with Full-service Delivery and Advisory

€8,500 /mo (indicative)

Best fit for: 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.

Includes everything in Standard, with operational items upgraded to full-service:

Operational support: we conduct it for you

Onboarding assistance: we conduct onboarding with banks, PSPs, liquidity providers, FX providers and other service providers on your behalf.
Client onboarding (KYC): setting up and administering your client onboarding process.
Transaction monitoring: setting up and administering transaction monitoring systems for detection of suspicious transactions per FINTRAC requirements.
Training and education: customised live training sessions for client staff on compliance, AML, and regulatory changes, followed by customised testing.
Regulatory filing: full-service filing of necessary regulatory documents on your behalf.
Record-keeping: performing the record-keeping function on your behalf.

Advisory services: included

Fintech advisory ✓ included. Strategic advice on flow of funds, operational models, and positioning within the digital finance landscape.
Crypto advisory ✓ included. Guidance on crypto business models, token management, blockchain technology, and introductions to crypto-friendly partners (liquidity providers, banks, customers).
Legal support: 2 hours/month included. Access to fintech legal services covering privacy policies, terms of service, service agreements, NDAs, and regulatory clarifications. Further hours at €450/hr.

Currency & taxes. All prices in EUR, billed in EUR, exclusive of taxes and out-of-pocket disbursements.
Volume. Listed prices apply to typical engagements. For high business or transaction volumes, package terms may need adjustment.
Ad-hoc rate. €450 per hour. Applies to Standard clients accessing fintech, crypto, or legal advisory, and to Premium clients beyond the included 2 hours of legal services per month.
Minimum term. 3-month minimum on all packages, then continues monthly until cancelled with 30 days’ notice.
Setup fees. Waived for clients who acquired their Canadian MSB through MAXCORP. For other clients, a one-time onboarding fee may apply, quoted on request.

Enquire about a Compliance Outsourcing Package

Contact us for a tailored compliance scope

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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