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Money services businesses with revoked registration

From: Financial Transactions and Reports Analysis Centre of Canada (FINTRAC)

Consult the list of money services businesses with revoked registration from the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC). Understand their legal obligations and the circumstances to revoke registration.

Note: Registration with FINTRAC does not indicate that FINTRAC endorses or licenses the business. It indicates only that the business has satisfied the legal requirements to register.

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Legal obligations of money services businesses

Money services businesses operating in Canada have legal obligations under the Proceeds of Crime (Money Laundering) and Terrorist Financing Act (the Act) and associated Regulations, including:

Circumstances to revoke registration

FINTRAC verifies the compliance of businesses subject to the Act and has the legislative authority to revoke a money services business’ registration.

FINTRAC can deny or revoke a registration if a money services business or a foreign money services business:

Number of revoked registrations Updated on December 21, 2023

Number of revoked registrations by quarter
Fiscal year Quarters Number of revoked registrations
2023-2024 Quarters 1 and 2 (between April 1 and September 30) 5
2022-2023 Quarter 4 (between January 1 and March 31) 14
2022-2023 Quarter 3 (between October 1 and December 31) 30
2022-2023 Quarters 1 and 2 (between April 1 and September 30) 37 (adjusted on July 27, 2023)
Total not applicable 86

List of businesses with revoked registration Updated on December 21, 2023

Quarter legend


List of money services businesses or foreign money services businesses with revoked registration
Name Money services business registration number Location Revocation date
(Fiscal year / Quarter)
Banqeo North America M22743722 Vancouver, British Columbia 2022-2023 – Quarter 4
BTG Investment Limited M20540481 Richmond, British Columbia 2022-2023 – Quarter 4
Candle Chart Technique Investments Ltd M20228057 London, United Kingdom 2022-2023 – Quarter 4
Crypto Swap Limited M22691079 Stewiacke, Nova Scotia 2022-2023 – Quarter 4
Domus Payment Solutions Ltd. M22067268 Vancouver, British Columbia 2022-2023 – Quarter 4
Fomoso Global Holdings Co., Ltd. M20044692 Markham, Ontario 2022-2023 – Quarter 4
Integrate Capital Markets Limited M19320894 North York, Ontario 2022-2023 – Quarter 4
Interest Arbitrage Limited M21245696 Markham, Ontario 2022-2023 – Quarter 4
Magua Pay Inc. M21111044 Vancouver, British Columbia 2022-2023 – Quarter 4
Raffles Market Ltd M21382961 Burlington, Ontario 2022-2023 – Quarter 4
Rateshop Inc. M18104959 Mississauga, Ontario 2022-2023 – Quarter 4
Sftimo Blockchain Markets Limited M20985680 Toronto, Ontario 2022-2023 – Quarter 4
Tela Market Limited M21349412 Richmond Hill, Ontario 2022-2023 – Quarter 4
Tranvix Group Inc M22445113 Vancouver, British Columbia 2022-2023 – Quarter 4
967 Exchange Ltd. M22281704 Toronto, Ontario 2022–2023 – Quarter 3
2139 Exchange Ltd. M22014636 Toronto, Ontario 2022–2023 – Quarter 3
Ado Trading Investment Limited M21897753 Markham, Ontario 2022–2023 – Quarter 3
AMAFX Market Global Group Ltd M20129318 London, United Kingdom 2022–2023 – Quarter 3
ASJ Forex Global Limited M21266580 Ottawa, Ontario 2022–2023 – Quarter 3
Bane Global Limited M20383745 Toronto, Ontario 2022–2023 – Quarter 3
BTCUSDT Investment Limited M20270479 London, United Kingdom 2022–2023 – Quarter 3
Cyber Agent America Inc. M20270693 Toronto, Ontario 2022–2023 – Quarter 3
Desi Global Limited M20141136 Toronto, Ontario 2022–2023 – Quarter 3
DMZ Financial Ltd. M22416401 Vancouver, British Columbia 2022–2023 – Quarter 3
E1 Investment Inc. M19581629 Vancouver, British Columbia 2022–2023 – Quarter 3
Felence Ltd M21657420 London, United Kingdom 2022–2023 – Quarter 3
Frédo BR Inc. M13758357 Montréal-Nord, Quebec 2022–2023 – Quarter 3
Geniopay Inc. M22313641 Saint-Clet, Quebec 2022–2023 – Quarter 3
Hong Kong Fortune Forex Group Limited M21455352 Toronto, Ontario 2022–2023 – Quarter 3
Kayser System Limited M21093076 Vancouver, British Columbia 2022–2023 – Quarter 3
Kuber Forex Inc. M16061625 Markham, Ontario 2022–2023 – Quarter 3
Leizan Capital Limited M22358519 North York, Ontario 2022–2023 – Quarter 3
Max UU Exchange Ltd. M22504200 Toronto, Ontario 2022–2023 – Quarter 3
Medal Global Ltd M20935205 Toronto, Ontario 2022–2023 – Quarter 3
MTRO Pay Holdings Ltd M21214299 Vancouver, British Columbia 2022–2023 – Quarter 3
OnRamp Technologies Limited M22699011 Vancouver, British Columbia 2022–2023 – Quarter 3
ORO Labz Ltd M22981181 Vancouver, British Columbia 2022–2023 – Quarter 3
Parapay Holdings Limited M21684691 Vancouver, British Columbia 2022–2023 – Quarter 3
QP Solutions Canada Ltd. M21448576 Vancouver, British Columbia 2022–2023 – Quarter 3
Trading Terminal Limited M21086498 Surrey, British Columbia 2022–2023 – Quarter 3
Transferclear Holdings Ltd M20090691 Vancouver, British Columbia 2022–2023 – Quarter 3
Trade Technology Limited M19182363 Vancouver, British Columbia 2022–2023 – Quarter 3
UX777 Exchange Ltd. M22461728 Toronto, Ontario 2022–2023 – Quarter 3
Wins Coin Exchange Ltd. M22065605 Toronto, Ontario 2022–2023 – Quarter 3
9207694 Canada Inc M18846616 Mississauga, Ontario 2022–2023 – Quarters 1 and 2
AAO Technologies M20466610 London, United Kingdom 2022–2023 – Quarters 1 and 2
B2C2 Ltd M20088465 London, United Kingdom 2022–2023 – Quarters 1 and 2
Blue Sky Metaverse Limited M20644803 Ajax, Ontario 2022–2023 – Quarters 1 and 2
CBMH Company Limited M21318800 Saskatoon, Saskatchewan 2022–2023 – Quarters 1 and 2
Cikkey Service Centre Limited M22494772 Toronto, Ontario 2022–2023 – Quarters 1 and 2
Cryptos OTC Trading Platform Limited M22006975 Toronto, Ontario 2022–2023 – Quarters 1 and 2
EBroker Global Group Ltd. M20543182 Toronto, Ontario 2022–2023 – Quarters 1 and 2
Fareach Group Limited M19162443 St John’s, Newfoundland 2022–2023 – Quarters 1 and 2
FM Technology Ltd M22383780 London, United Kingdom 2022–2023 – Quarters 1 and 2
Global Aladdin International Group Co. Ltd M20506352 Markham, Ontario 2022–2023 – Quarters 1 and 2
Gold Coin CA Inc. M21807583 Markham, Ontario 2022–2023 – Quarters 1 and 2
Hengry Global Capital Limited M21944449 Mississauga, Ontario 2022–2023 – Quarters 1 and 2
Henordy Limited M20169681 Ottawa, Ontario 2022–2023 – Quarters 1 and 2
Homeopathy Limited M20274917 Kowloon Bay, Hong Kong 2022–2023 – Quarters 1 and 2
Huixing Global Group Limited M20366023 Hamilton, Ontario 2022–2023 – Quarters 1 and 2
Hung Ding Financial Management CO Ltd M20526201 Vancouver, British Columbia 2022–2023 – Quarters 1 and 2
IPS Internationnal M21597483 Bordeaux, France 2022–2023 – Quarters 1 and 2
ISC Exhange Limited M21533739 Scarborough, Ontario 2022–2023 – Quarters 1 and 2
Jaehe Tech Limited M19066464 Ottawa, Ontario 2022–2023 – Quarters 1 and 2
NALA Payments Limited M20700712 London, United Kingdom 2022–2023 – Quarters 1 and 2
Odin Service Group Limited M20558078 London, United Kingdom 2022–2023 – Quarters 1 and 2
Qihui Technology Inc M22478396 Oshawa, Ontario 2022–2023 – Quarters 1 and 2
Regina Forex M21068549 Brampton, Ontario 2022–2023 – Quarters 1 and 2
STF Trading Group Limited M19318200 Toronto, Ontario 2022–2023 – Quarters 1 and 2
Tiandin Limited M20138183 London, United Kingdom 2022–2023 – Quarters 1 and 2
Unison Corporation Limited M20355047 Toronto, Ontario 2022–2023 – Quarters 1 and 2
Vextrader Group Limited M20464600 Markham, Ontario 2022–2023 – Quarters 1 and 2
Win Maximum Exchange Ltd. M21824689 Markham, Ontario 2022–2023 – Quarters 1 and 2
Wuyu Technology Limited M20907606 Saskatoon, Saskatchewan 2022–2023 – Quarters 1 and 2
Xingang Exchange Limited M20117825 Vancouver, British Columbia 2022–2023 – Quarters 1 and 2
Xmeta Exchange Ltd M22532955 Toronto, Ontario 2022–2023 – Quarters 1 and 2
Yakka Global Markets Limited M20769894 London, United Kingdom 2022–2023 – Quarters 1 and 2
Yingtu Group Limited M20891751 Ottawa, Ontario 2022–2023 – Quarters 1 and 2
YSI Markets Corporation M20694190 Markham, Ontario 2022–2023 – Quarters 1 and 2
Zac Management Ltd M20693164 Eden Island, Seychelles 2022–2023 – Quarters 1 and 2
Zhenbi Exchange Ltd M20195645 Kelowna, British Columbia 2022–2023 – Quarters 1 and 2
Sunfance Amc Ltd. M15017187 Burnaby, British Columbia 2023–2024 – Quarters 1 and 2
One World Finance Inc M18435649 Richmond, British Columbia 2023–2024 – Quarters 1 and 2
Prime Cdex Finance Limited M19214141 Toronto, Ontario 2023–2024 – Quarters 1 and 2
KRS Ltd M21893039 London, United Kingdom 2023–2024 – Quarters 1 and 2
Metaverse Foreign Exchange Group Inc. M22076570 Markham, Ontario 2023–2024 – Quarters 1 and 2

For up-to-date information on the most recent registration status of money services businesses, please refer to the Money Services Business Registry.

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Date Modified: