National Supervisory Authority & Licensing Qualification Dossier • North America
FINTRAC
CanadaFinancial Transactions and Reports Analysis Centre of Canada (FINTRAC)
Source / Native Reference: 加拿大金融交易与报告分析中心
- Supervisory tier
- Tier-1
- License classes
- 2
- Licensed records
- 25
- Active / regulated
- 16
Statutory Supervisory Mandate & Scope
Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) (FINTRAC) serves as the statutory financial intelligence, anti-money laundering (AML/CFT), and Virtual Asset Service Provider (VASP) supervisory authority in Canada. Regulated entities must maintain registration in good standing, implement risk-based KYC/CDD screening, comply with FATF Recommendation 16 Travel Rule wire-transfer obligations, and submit suspicious transaction reports (STRs).
Prudential Tier Assessment
Tier-1Tier-1 national Financial Intelligence Unit (FIU) and AML/CFT / Virtual Asset Service Provider (VASP) supervisor in Canada.
National licensing qualifications & statutory authorisation classes (FINTRAC)
Authorisation categories, permitted institutional and retail activities, minimum initial capital adequacy, and ongoing prudential solvency rules enforced by FINTRAC in Canada.
| License class / code | Official designation | Permitted institutional & retail activities | Minimum initial / base capital | Ongoing prudential & solvency rule |
|---|---|---|---|---|
| VASP / DCE Registration | Virtual Asset Service Provider & Custodial Wallet Registration | Fiat-to-crypto exchange, crypto-to-crypto exchange, virtual asset transfer, and custodial wallet administration. | USD $50,000 – $150,000 equivalent share capital (or statutory fit-and-proper + local MLRO presence). | Continuous KYC/CDD onboarding, blockchain analytics transaction monitoring, and annual independent AML audit. |
| MSB / Currency Exchange Registration | Money Services Business & Remittance Registration | Money transmission, foreign currency dealing, and payment instrument issuance. | Subject to state/national surety bond and minimum net worth requirements. | Currency Transaction Reports (CTRs) and Suspicious Activity Reports (SARs/STRs) via goAML / BSA E-Filing. |
Investor compensation, client money segregation & digital-asset regime
Statutory counterparty protections, custody reconciliation mandates, and virtual-asset licensing status under FINTRAC.
AML/CFT Registration Only (Non-Prudential / No Investor Compensation Scheme)
- Maximum coverage per client
- Not covered by statutory investor compensation (FIU/MSB registration supervises AML/CFT compliance rather than prudential solvency)
- Eligible counterparties & scope
- Counterparties must verify whether the entity also holds a separate prudential securities or banking licence.
FINTRAC VASP Custodial Wallet & Client Ledger Separation Rules
- Reconciliation & audit cadence
- On-chain and off-chain omnibus ledger reconciliation; separation of customer virtual assets from corporate treasury.
- Approved custodian requirements
- Multi-signature / MPC hardware security module (HSM) custody and segregated fiat settlement accounts.
FINTRAC Statutory VASP / Digital Currency Exchange Registration
- Travel Rule, custody & stablecoin rules
- Mandatory originator and beneficiary Travel Rule data transmission for virtual asset transfers.
Primary Governing Statutes & Rulebooks
- Anti-Money Laundering and Counter-Terrorist Financing Act of Canada
- FATF Recommendations 15 (Virtual Assets & VASPs) & 16 (Wire Transfer / Travel Rule)
- FINTRAC Mandatory VASP / MSB Registration & Beneficial Ownership Regulations
Regulatory Reporting & Audit Obligations
Prompt filing of Suspicious Transaction Reports (STRs) and Threshold Transaction Reports with FINTRACAppointment of a resident Money Laundering Reporting Officer (MLRO) and annual independent AML/CFT compliance audit5-year retention of KYC identity records and Travel Rule cryptographic counterparty data
Cross-Border Equivalence & Passporting
Territorial registration required in Canada whenever soliciting or onboarding domestic residents.
Supervised institutions & FINTRAC licence records in our database
25 licence records referencing FINTRAC (16 regulated/registered, 7 flagged with warnings/revocations).
| Institution | Licence number | Status | Licensed legal entity | Effective date | Verification |
|---|---|---|---|---|---|
| CANADA | M20179708 | Exceeded scope | CANADA BITGET LIMITED | 2020-04-08 | |
| Satoshi | M16730720 | Regulated | Satoshi Portal Inc. | 2016-03-30 | |
| Okcoin(Global network record) | M20929749 | Exceeded scope | OKCOIN USA INC. | 2020-08-21 | |
| Kraken(Global network record) | M19343731 | Regulated | Kraken | 2019-11-27 | |
| OKCoin Japan(Global network record) | M20929749 | Exceeded scope | OKCOIN USA INC. | 2020-08-21 | |
| Acetop(Global network record) | M20055462 | Registered | ACETOP | 2020-01-06 | |
| BingX(Global network record) | M21534025 | Registered | BINGX CA LIMITED | 2021-12-23 | |
| CEX.IO(Global network record) | Number pending check | Registered | CEX.IO Ltd | — | |
| LBank(Global network record) | M22603388 | Exceeded scope | LBK EXCHANGE LIMITED | 2022-05-10 | |
| MHMarkets(Global network record) | M23343315 | Regulated | MOHICANS MARKETS LIMITED, | 2023-05-19 | |
| Rallyville Markets(Global network record) | M23092517 | Regulated | RALLYVILLE MARKETS SDN.BHD. | 2023-10-11 | |
| UEEx(Global network record) | M22339930 | Exceeded scope | UEEX TECHNOLOGY LTD. | 2022-01-12 | |
| 8V(Global network record) | M23195214 | Regulated | 8V Exchange | 2021 | |
| bitop(Global network record) | M21813989 | Exceeded scope | BITOP LTD. | 2021-07-14 | |
| CLTS(Global network record) | M20467037 | Regulated | CLTS TECHNOLOGIES LTD. | 2020-04-15 | |
| CRYSTAL(Global network record) | M21983070 | Regulated | CRYSTAL BALL MARKETS LLC | 9/27/2021 | |
| CRYSTAL(Global network record) | M21983070 | Regulated | CRYSTAL BALL MARKETS LLC | 9/27/2021 | |
| Currency.com(Global network record) | M20055258 | Exceeded scope | CURRENCY.COM | 2020-08-26 | |
| BITBUY(Global network record) | M20728803 | Regulated | BITBUY TECHNOLOGIES INC. | 2020-02-07 | |
| BITCOIN(Global network record) | M19811620 | Regulated | BITCOIN WELL CANADA LTD. | 12/9/2019 | |
| Black(Global network record) | Number pending check | Regulated | Black Banx Inc. | 2015 | |
| NDAX(Global network record) | M18632135 | Regulated | NDAX CANADA INC. | 2018-03-15 | |
| NETCOINS(Global network record) | M15560893 | Expired | NETCOINS INC. | 2015-01-23 | |
| SHAKEPAY(Global network record) | M17065696 | Expired | SHAKEPAY INC | 2017-02-24 | |
| YESBIT(Global network record) | M19711481 | Regulated | YESBIT TECHNOLOGY LTD. | 2019-03-15 |
FINTRAC (Canada): institutional licensing & due diligence FAQ
Key statutory capital, compensation, custody segregation, and verification answers for compliance teams.
What are the primary licensing classes and minimum capital requirements under FINTRAC (Canada)?
FINTRAC (Financial Transactions and Reports Analysis Centre of Canada (FINTRAC)) supervises financial institutions in Canada under Anti-Money Laundering and Counter-Terrorist Financing Act of Canada and FATF Recommendations 15 (Virtual Assets & VASPs) & 16 (Wire Transfer / Travel Rule). Key statutory authorisation classes include: VASP / DCE Registration (Virtual Asset Service Provider & Custodial Wallet Registration — min. capital: USD $50,000 – $150,000 equivalent share capital (or statutory fit-and-proper + local MLRO presence).); MSB / Currency Exchange Registration (Money Services Business & Remittance Registration — min. capital: Subject to state/national surety bond and minimum net worth requirements.). Ongoing prudential supervision requires strict adherence to capital adequacy and liquidity buffers.
Does FINTRAC provide statutory investor compensation and mandatory client asset segregation?
Under FINTRAC's framework, investor protection is governed by AML/CFT Registration Only (Non-Prudential / No Investor Compensation Scheme) with maximum coverage of Not covered by statutory investor compensation (FIU/MSB registration supervises AML/CFT compliance rather than prudential solvency) (Counterparties must verify whether the entity also holds a separate prudential securities or banking licence.). For client money and custody assets, supervised firms must comply with FINTRAC VASP Custodial Wallet & Client Ledger Separation Rules, performing on-chain and off-chain omnibus ledger reconciliation; separation of customer virtual assets from corporate treasury. with multi-signature / mpc hardware security module (hsm) custody and segregated fiat settlement accounts..
How does FINTRAC regulate digital assets, crypto exchanges (VASPs/CASPs), and stablecoins?
FINTRAC's digital-asset regime is structured around FINTRAC Statutory VASP / Digital Currency Exchange Registration (Active mandatory AML/CFT and VASP registration with public register verification.). Custody and AML/CFT compliance obligations require: Mandatory originator and beneficiary Travel Rule data transmission for virtual asset transfers.
How can I verify an institution's FINTRAC licence number and check our 25 recorded licence entries?
Our database currently tracks 25 licence records referencing FINTRAC (16 marked regulated or registered). To verify a counterparty at the primary source, open FINTRAC's official public register (https://fintrac-canafe.canada.ca/intro-eng), search by the exact reference number and legal entity name, and confirm that the firm's domain and permitted activities match its statutory authorisation.
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Statutory licensing classes, base capital rules, and investor protection summaries for FINTRAC (Canada) are maintained for institutional benchmarking and do not constitute legal advice. Always verify current rulebooks and active firm authorisations directly on FINTRAC’s official public register.