Since 1998

Licensed provider of company formation and corporate services

Book a call

Canada MSB Compliance Officer and Compliance as a Service

Monthly packages for Canada MSBs: FINTRAC liaison, a Compliance Officer registered with FINTRAC and AML programme support.Delivered by our Toronto-based legal and compliance team.

  • Local Canadian compliance team
  • Compliance Officer registered with FINTRAC
  • 500+ licensing projects
View packages & pricingGet a free assessment

Free, no-obligation assessmentWe reply within 1 business day

From €2,500
Per month, indicative
3 packages
Foundation, Standard, Premium
Toronto
Local office and presence
Day one
CO cover from MSB transfer
3 months
Minimum term, then monthly

Overview

A Compliance Officer and compliance support for your Canada MSB

Every FINTRAC-registered MSB must appoint a Compliance Officer responsible for its AML/CTF compliance programme. For operators without staff in Canada, a fractional Compliance Officer from MAXCORP's Toronto team covers the role and the substance banks look for.

Canada MSB compliance documents in a white folder with a red maple leaf and the MAXCORP logo

  • Canadian physical presence at our Toronto law firm address, with substance confirmation

  • A Compliance Officer designated with FINTRAC who oversees your written compliance programme

  • FINTRAC liaison: our Canadian-resident professional acts as your authorised representative

  • AML policies and procedures refined for Canadian AML rules and your business risk profile

  • Regulatory filing, from templates and guidance for self-filing to full-service filing for you

  • Fintech, crypto and legal advisory, available ad hoc or included in the Premium package

Canada does not require local staff to register an MSB, but banks apply their own substance expectations. A Canadian-resident Compliance Officer, a Toronto address and FINTRAC liaison give your MSB a credible local profile, from the day a ready-made MSB is transferred. We also handle FINTRAC reporting, record-keeping and staff training, from guidance to full service. Your programme stays covered without recruiting in Canada.

Scope

What a Compliance Officer does for a Canadian MSB

Under the PCMLTFA and its regulations, the Compliance Officer is responsible for the MSB's compliance programme. The role starts before the first client is onboarded and continues as ongoing oversight.

Before launch

Pre-operational

Compliance programme

AML policy drafting and setup of the written compliance programme.

FINTRAC

Registration as the designated Compliance Officer and point of contact.

Client onboarding

KYC framework and onboarding procedures.

Monitoring

Design of transaction monitoring rules and sanctions screening logic.

Banking

Support with the AML questionnaire and programme documents banks request.

Once you are live

Operational

Monitoring oversight

Oversight of day-to-day transaction monitoring and alert reviews.

FINTRAC reporting

Filing STRs, LCTRs, LVCTRs and EFTRs within the prescribed deadlines; see Regulatory reporting.

Records

Ongoing due diligence and record-keeping for at least 5 years.

Effectiveness review

Support for the two-year review, carried out by an internal or external auditor: see AML audit.

Examinations and training

Preparation and representation during FINTRAC examinations, plus staff training.

Pricing

Compliance packages for Canada MSBs

Three monthly tiers, from Canadian presence and FINTRAC liaison to a full-service compliance function. Prices are indicative and confirmed after a short scoping call.

Canadian physical presenceMSB location registered at our Canadian law firm address with substance confirmation. A higher level than a virtual address, which only fulfils basic requirements.
Ongoing Canadian AML advisory
FINTRAC liaisonOur Canadian-resident compliance professional acts as your authorised representative with FINTRAC.
Document notarisation
Corporate registry filingsBasic changes (directors, officers, addresses, company name) with your corporate registry and FINTRAC.
Corporate document maintenance
Compliance OfficerA compliance professional designated as your official Compliance Officer with FINTRAC. Standard includes up to 20 hours a month.
Expert connections and vendor selection
AML policies and procedures
Compliance consulting and updates
Bank and provider onboarding
Client onboarding (KYC)
Transaction monitoring
Training and education
Regulatory filing
Record-keeping
Fintech and crypto advisory
Legal supportPrivacy policies, terms of service, service agreements, NDAs and regulatory clarifications. Further hours at €450 per hour.

Foundation

Presence and liaison

For newly acquired MSBs that need Canadian substance and FINTRAC liaison; compliance stays in‑house.

€2,500 / month

Canadian physical presenceMSB location registered at our Canadian law firm address with substance confirmation. A higher level than a virtual address, which only fulfils basic requirements.
Ongoing Canadian AML advisory
FINTRAC liaisonOur Canadian-resident compliance professional acts as your authorised representative with FINTRAC.
Document notarisation
Corporate registry filingsBasic changes (directors, officers, addresses, company name) with your corporate registry and FINTRAC.
Corporate document maintenance
Compliance OfficerA compliance professional designated as your official Compliance Officer with FINTRAC. Standard includes up to 20 hours a month.
Expert connections and vendor selection
AML policies and procedures
Compliance consulting and updates
Bank and provider onboarding
Client onboarding (KYC)
Transaction monitoring
Training and education
Regulatory filing
Record-keeping
Fintech and crypto advisoryAd hoc
Legal supportPrivacy policies, terms of service, service agreements, NDAs and regulatory clarifications. Further hours at €450 per hour.Ad hoc
Send enquiry

Standard

Compliance Officer

For MSBs ready to launch: a Compliance Officer registered with FINTRAC plus compliance support.

€5,000 / month

Canadian physical presenceMSB location registered at our Canadian law firm address with substance confirmation. A higher level than a virtual address, which only fulfils basic requirements.
Ongoing Canadian AML advisory
FINTRAC liaisonOur Canadian-resident compliance professional acts as your authorised representative with FINTRAC.
Document notarisation
Corporate registry filingsBasic changes (directors, officers, addresses, company name) with your corporate registry and FINTRAC.
Corporate document maintenance
Compliance OfficerA compliance professional designated as your official Compliance Officer with FINTRAC. Standard includes up to 20 hours a month.Up to 20 h / month
Expert connections and vendor selection
AML policies and procedures
Compliance consulting and updates
Bank and provider onboardingGuidance
Client onboarding (KYC)Guidance
Transaction monitoringGuidance
Training and educationOnline library + annual session
Regulatory filingTemplates + guidance
Record-keepingGuidance
Fintech and crypto advisoryAd hoc
Legal supportPrivacy policies, terms of service, service agreements, NDAs and regulatory clarifications. Further hours at €450 per hour.Ad hoc
Send enquiry

Premium

Full-service

For MSBs that want the compliance work done for them, with fintech, crypto and legal advisory.

€8,500 / month

Canadian physical presenceMSB location registered at our Canadian law firm address with substance confirmation. A higher level than a virtual address, which only fulfils basic requirements.
Ongoing Canadian AML advisory
FINTRAC liaisonOur Canadian-resident compliance professional acts as your authorised representative with FINTRAC.
Document notarisation
Corporate registry filingsBasic changes (directors, officers, addresses, company name) with your corporate registry and FINTRAC.
Corporate document maintenance
Compliance OfficerA compliance professional designated as your official Compliance Officer with FINTRAC. Standard includes up to 20 hours a month.
Expert connections and vendor selection
AML policies and procedures
Compliance consulting and updates
Bank and provider onboardingDone for you
Client onboarding (KYC)Done for you
Transaction monitoringDone for you
Training and educationCustom live sessions
Regulatory filingFiled for you
Record-keepingDone for you
Fintech and crypto advisory
Legal supportPrivacy policies, terms of service, service agreements, NDAs and regulatory clarifications. Further hours at €450 per hour.2 h / month
Send enquiry

* Pricing is indicative and subject to final confirmation. Prices exclude applicable taxes. Monthly prices in EUR, billed in EUR, excluding out-of-pocket disbursements. Standard includes up to 20 hours of Compliance Officer services a month. Ad-hoc advisory and extra legal hours: €450 per hour. Minimum term 3 months, then monthly with 30 days' notice. Terms may be adjusted for high business or transaction volumes. Setup fees are waived for clients who acquired their MSB through MAXCORP; for others a one-time onboarding fee may apply, quoted on request.

Options

Canadian-resident or non-resident Compliance Officer

FINTRAC does not set a residency requirement for the Compliance Officer, so you can choose. We provide both, depending on your time zone, team structure and banking needs.

Canadian-resident CO

Meets FINTRAC requirements and the due diligence of Canadian banks, most of which expect a Canadian-resident CO when onboarding an MSB. The stronger choice when banking access is a priority from day one.

Can be combined with a registered address at our Toronto office for a full local presence.

Non-resident CO

Allowed, as FINTRAC sets no residency requirement, and practical for operators in European or Asian time zones who want oversight aligned with their working hours.

Requires deep knowledge of Canadian AML/CTF law and is best paired with non-Canadian banking partners, as Canadian banks rarely onboard MSBs without a Canadian‑resident CO.

FAQ

Canada MSB compliance: frequently asked questions

Is a Compliance Officer mandatory for an MSB?

Yes. Every FINTRAC-registered MSB must appoint a Compliance Officer responsible for its AML/CTF compliance programme. Operating without one can lead to administrative monetary penalties.

Does the CO need to live in Canada?

FINTRAC does not require Canadian residency. Most major Canadian banks, however, expect a Canadian-resident Compliance Officer when they onboard an MSB. We provide both options.

What is a fractional Compliance Officer?

An experienced AML professional retained monthly who fulfils the full Compliance Officer role. The regulatory responsibilities are the same as for a full-time hire; only the engagement differs: a retainer instead of employment, an immediate start instead of recruitment, and a scope that grows with your volumes.

How quickly can the service start?

For a new MSB, the service starts before your registration is filed, since the Compliance Officer is named in the application. For a ready-made MSB, it starts on the day of the transfer, so there is no compliance gap. A service agreement defining the scope, reporting and fees is signed before the start.

Can you provide a Canadian business address?

Yes. MAXCORP's Canadian physical presence at our Toronto law firm address is part of every package. It meets FINTRAC registration needs and the address expectations of banks without leasing your own premises.

Do you support foreign MSBs and RPAA providers?

Yes. We work with Canadian MSBs and foreign MSBs registered with FINTRAC. For MSBs also registered under the RPAA with the Bank of Canada, the Compliance Officer's scope can include RPAA obligations, safeguarding oversight and Bank of Canada reporting.

What is the minimum term?

Three months on all packages. After that the service continues monthly until cancelled with 30 days' notice.

Are there setup fees?

Setup fees are waived for clients who acquired their Canadian MSB through MAXCORP. For other clients a one-time onboarding fee may apply, quoted on request.

Contact

Discuss your Canada MSB compliance

Tell us your MSB stage, the services you offer and your expected client volumes, and we confirm the right package and any scope adjustments.

What can we help with?

We reply within 1 business day.

By submitting this form you agree to our Privacy Policy. We use your details to reply to your enquiry.

Send an enquiry

Tell us about your project. We reply with next steps and a budget.

By sending this form, you agree to our Privacy Policy.We use your details to reply to your enquiry.

Book a free call

Open in a new tab

Loading the calendar…

Cookie settings

Choose which cookies we may use. Necessary cookies are always on, because the website cannot work securely without them. Cookie Policy