CROWDFUNDING PLATFORMS MUST REGISTER
WITH FINTRAC

Following the announcement in April 2022 regarding amendments to the Proceeds of Crime (Money Laundering) and Terrorist Financing Regulations (PCMLTFR) and the Proceeds of Crime (Money Laundering) and Terrorist Financing Administrative Monetary Penalties (PCMLTFAMP) Regulations, Crowdfunding Platforms and some Payment Services are now considered Money Service Businesses (MSB’s) or Foreign Money Service Businesses (FMSB’s). 

Our team of AML experts can help guide your business through the process of registering with FINTRAC. On an on-going basis our team of consultants can help your business with day to day matters in compliance, including training and preparation for FINTRAC examinations.

Contact one of our AML experts today for more information on how we can help your crowdfunding platform register with FINTRAC.