National Supervisory Authority & Licensing Qualification Dossier • Asia-Pacific
Financial Transactions and Reports Analysis Centre of Canada (FINTRAC)
Global JurisdictionSource / Native Reference: 加拿大金融交易与报告分析中心
- Supervisory tier
- Tier-2
- License classes
- 2
- Licensed records
- 31
- Active / regulated
- 22
Statutory Supervisory Mandate & Scope
Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) (Financial Transactions and Reports Analysis Centre of Canada (FINTRAC)) oversees anti-money laundering registration, Virtual Asset Service Provider (VASP) compliance, Money Services Business (MSB) supervision, and financial crime intelligence in Global Jurisdiction.
Prudential Tier Assessment
Tier-2Tier-2 national Financial Intelligence Unit (FIU) and AML/CFT / Virtual Asset Service Provider (VASP) supervisor in Global Jurisdiction.
National licensing qualifications & statutory authorisation classes (Financial Transactions and Reports Analysis Centre of Canada (FINTRAC))
Authorisation categories, permitted institutional and retail activities, minimum initial capital adequacy, and ongoing prudential solvency rules enforced by Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) in Global Jurisdiction.
| 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 Financial Transactions and Reports Analysis Centre of Canada (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.
Financial Transactions and Reports Analysis Centre of Canada (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.
Financial Transactions and Reports Analysis Centre of Canada (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 Global Jurisdiction
- FATF Recommendations 15 (Virtual Assets & VASPs) & 16 (Wire Transfer / Travel Rule)
- Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) Mandatory VASP / MSB Registration & Beneficial Ownership Regulations
Regulatory Reporting & Audit Obligations
Prompt filing of Suspicious Transaction Reports (STRs) and Threshold Transaction Reports with Financial Transactions and Reports Analysis Centre of Canada (FINTRAC)Appointment 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 Global Jurisdiction whenever soliciting or onboarding domestic residents.
Supervised institutions & Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) licence records in our database
31 licence records referencing Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) (22 regulated/registered, 6 flagged with warnings/revocations).
| Institution | Licence number | Status | Licensed legal entity | Effective date | Verification |
|---|---|---|---|---|---|
| Acetop | M20055462 | Registered | ACETOP | 2020-01-06 | |
| Okcoin | M20929749 | Exceeded scope | OKCOIN USA INC. | 2020-08-21 | |
| LBank | M22603388 | Exceeded scope | LBK EXCHANGE LIMITED | 2022-05-10 | |
| CEX.IO | Not supplied | Registered | CEX.IO Ltd | — | |
| Aquanow | M20467037 | Regulated | CLTS TECHNOLOGIES LTD. | 2020-04-15 | |
| Bull Bitcoin | M16730720 | Regulated | Satoshi Portal Inc. | 2016-03-30 | |
| Currency.com | M20055258 | Exceeded scope | CURRENCY.COM | 2020-08-26 | |
| Kraken | M19343731 | Regulated | Kraken | 2019-11-27 | |
| BingX | M21534025 | Registered | BINGX CA LIMITED | 2021-12-23 | |
| OKCoin Japan | M20929749 | Exceeded scope | OKCOIN USA INC. | 2020-08-21 | |
| UEEx | M22339930 | Exceeded scope | UEEX TECHNOLOGY LTD. | 2022-01-12 | |
| 8V | M23195214 | Regulated | 8V Exchange | 2021 | |
| bitop | M21813989 | Exceeded scope | BITOP LTD. | 2021-07-14 | |
| Crystal Ball Markets | M21983070 | Regulated | CRYSTAL BALL MARKETS LLC | 9/27/2021 | |
| Crystal Ball Markets | M21983070 | Regulated | CRYSTAL BALL MARKETS LLC | 9/27/2021 | |
| Netcoins | M15560893 | Expired | NETCOINS INC. | 2015-01-23 | |
| Shakepay | M17065696 | Expired | SHAKEPAY INC | 2017-02-24 | |
| Bitbuy | M20728803 | Regulated | BITBUY TECHNOLOGIES INC. | 2020-02-07 | |
| 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 | |
| Bitcoin Well(Global network record) | M19811620 | Regulated | BITCOIN WELL CANADA LTD. | 12/9/2019 | |
| Black Banx(Global network record) | Not supplied | Regulated | Black Banx Inc. | 2015 | |
| NDAX(Global network record) | M18632135 | Regulated | NDAX CANADA INC. | 2018-03-15 | |
| Yesbit(Global network record) | M19711481 | Regulated | YESBIT TECHNOLOGY LTD. | 2019-03-15 | |
| Apifiny(Global network record) | M20158217 | Regulated | APIFINY ASSET NETWORK INC. | 2020-07-22 | |
| BitNational(Global network record) | Not supplied | Expired | BitNational | 2019-11-7 | |
| Bitvo(Global network record) | M18413926 | Registered | Bitvo Inc. | 2018-06-01 | |
| Veem(Global network record) | M18590192 | Regulated | VEEM INC. | 2018-10-10 | |
| AOBPRO(Global network record) | M22110836 | Regulated | AO BRIDGE INC. | 2022-06-17 | |
| Balance(Global network record) | M20210422 | Regulated | PARADISO VENTURES INC. | 2020-05-22 | |
| LINK IO(Global network record) | LINK TECHNOLOGY LIMITED | Regulated | M23788221 | 2023-04-25 |
Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) (Global Jurisdiction): 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 Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) (Global Jurisdiction)?
Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) (Financial Transactions and Reports Analysis Centre of Canada (FINTRAC)) supervises financial institutions in Global Jurisdiction under Anti-Money Laundering and Counter-Terrorist Financing Act of Global Jurisdiction 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 Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) provide statutory investor compensation and mandatory client asset segregation?
Under Financial Transactions and Reports Analysis Centre of Canada (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 Financial Transactions and Reports Analysis Centre of Canada (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 Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) regulate digital assets, crypto exchanges (VASPs/CASPs), and stablecoins?
Financial Transactions and Reports Analysis Centre of Canada (FINTRAC)'s digital-asset regime is structured around Financial Transactions and Reports Analysis Centre of Canada (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 Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) licence number and check our 31 recorded licence entries?
Our database currently tracks 31 licence records referencing Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) (22 marked regulated or registered). To verify a counterparty at the primary source, open Financial Transactions and Reports Analysis Centre of Canada (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 Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) (Global Jurisdiction) are maintained for institutional benchmarking and do not constitute legal advice. Always verify current rulebooks and active firm authorisations directly on Financial Transactions and Reports Analysis Centre of Canada (FINTRAC)’s official public register.