Money Service Business compliance programs
MSBs face the sharpest compliance edge in Canada: banking de-risking, mandatory 24-month registration renewals, and far higher penalties under the 2026 reforms. We build ‘bank-ready’ programs that keep your payment rails open.
The MSB compliance landscape in 2026
Money service businesses occupy a uniquely exposed position in the AML/ATF framework. The cross-border nature of MSB operations creates elevated terrorist-financing risk, and the 2026 reforms have sharply increased both the burden and the cost of failure.
Banking de-risking and the mandatory 24-month registration renewal create recurring, high-stakes obligations, with the new penalties applying at every step. We help you see exactly where your exposure lies.
FINTRAC treats MSBs as high-risk for terrorist financing via cross-border flows, and real-time sanctions screening is non-negotiable. The right program protects your operations.
We build ‘bank-ready’ programs
AA+ Solutions acts as your banking liaison, building a ‘bank-ready’ AML/ATF program that satisfies global financial institutions and FINTRAC alike — automated sanctions screening, the 24-month agent verification, MSB registration and renewal, and a cross-border risk framework. Every engagement is tailored to your MSB; contact us for a consultation to scope exactly what your program needs.
What money service businesses need
Compliance Program Design
A complete FINTRAC MSB regime — designed to satisfy both federal requirements and the due-diligence standards of your banking partners.
Policy Writing
MSB-specific AML/ATF policies covering cross-border flows, agent-network management, sanctions screening, and agent verification.
Risk Assessment
A risk assessment that honestly models your MSB’s ATF and AML exposure across products, client segments, corridors, and agents.
Is your MSB program bank-ready — and reform-ready?
Book a free consultation and we’ll assess your compliance program against FINTRAC’s 2026 MSB requirements — and tell you exactly what your banking partners look for.