FINTRAC Crypto Compliance Guide Canada 2025

{ "body": "Crypto exchanges, OTC desks, wallet providers, and token issuers that exchange virtual currency for fiat or other virtual currencies must register as MSBs with FINTRAC. Registration is mandatory regardless of company incorporation jurisdiction.", "heading": "MSB Registration Requirements" }

{ "body": "MSBs must implement a written AML/CFT compliance program including a compliance officer appointment, risk assessment, policies and procedures, ongoing employee training, and independent effectiveness review every two years.", "heading": "AML Compliance Program" }

{ "body": "MSBs must file Large Virtual Currency Transaction Reports for single transactions of CAD 10,000 or more, Suspicious Transaction Reports for suspicious activity, and Terrorist Property Reports where applicable. Reports must be filed within prescribed timeframes.", "heading": "Reporting Obligations" }