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.

Marcelle Dadoun - Principal, Program Design and Advisory
marcelle@theamlshop.ca
LinkedIn

Marcelle Dadoun, Principal, Program Design and Advisory leads The AML Shop's compliance program design division and provides advisory support to all reporting types, including new and evolving money services businesses, payment service providers and fintech clients looking to navigate local and international regimes for registration, licensing, and regulations. Additionally, she has developed and currently leads the Retail Payment Activities Act (RPAA) program division at The AML Shop. Read more.

Adam Feldman - Principal, Risk Management and Technology
adam@theamlshop.ca
LinkedIn

Adam Feldman leads The AML Shop's risk management and technology divisions as Principal, Risk Management and Technology.  As an experienced process engineer, Adam has a passion and talent for understanding, quantifying, and implementing efficient mitigation systems and processes across multiple industries and jurisdictions. Adam helps The AML Shop’s clients right size and optimize their compliance systems, processes and staffing, leveraging a toolbox of technology solutions. Read more.