Cessation form: Request to cease/cancel the registration of a money services business or foreign money services business

Under the Proceeds of Crime (Money Laundering) and Terrorist Financing Act (the Act), money services businesses (MSBs) operating in Canada and foreign money services businesses (FMSBs) that direct and provide services to clients in Canada are required to register with FINTRAC. If your business ceases to offer MSB services, you must cease/cancel your registration within 30 days of the day on which your business stops offering these services.

NOTE: Failure to cease/cancel your registration with FINTRAC may result in criminal charges or an administrative monetary penalty (AMP).

How to cease/cancel a registration

Step 1:

Send a registration cessation request to FINTRAC by completing this form. Ensure that all fields are complete and accurate. Failure to do so will require resubmission of this form and may result in delays in processing your request.

NOTE: Knowingly providing false or misleading information to FINTRAC is an offence under the Act and may result in criminal charges.

Step 2:

FINTRAC will validate the information provided.
If additional information is needed from you, FINTRAC will contact you by email.

Step 3:

You will receive confirmation from FINTRAC by email that the registration has been ceased/cancelled once your request has been processed.

Privacy disclaimer

The information that you provide in this form is protected under the provisions of the Privacy Act and will be used by FINTRAC to process your request and to administer the Proceeds of Crime (Money Laundering) and Terrorist Financing Act, as described in Personal Information Bank: Compliance of Reporting Entities – PPU 028. For more information, consult FINTRAC’s Info Source.

Organization information

Business structure

Corporation

Partnership

Sole proprietor

Other

Operating name(s) (if different from the name provided above)

Address where the business operates

Street address

Include street name and number.

City, town, or community

Province, territory or state

Postal code or zip code

Country

Telephone number

Extension (if applicable)

Email address

Website

MSB/FMSB registration information

Review the definition of an MSB/FMSB.

Is the business currently registered as an MSB or FMSB?

Money services business

Foreign money services business

MSB registration number (as provided by FINTRAC)

Why are you requesting to cease/cancel the business’ registration?

Date on which the business stopped offering MSB services (cessation date)

Year

Month

Day

Date on which the last MSB services transaction was conducted

Year

Month

Day

Even if the business has ceased to offer MSB services, the business has the obligation to submit reports to FINTRAC for all transactions that were conducted while the business was offering its services. Has the business submitted all required reports to FINTRAC?

Yes

Does the business plan to offer MSB services again in the future?

Yes

Request submitted by

Failure to comply with your obligations under the Proceeds of Crime (Money Laundering) and Terrorist Financing Act may result in criminal charges or an administrative monetary penalty (AMP).

First name

Last name

Your relationship to the business

I am the owner/operator of the business

I am an employee of the business

I am an authorized representative of the business

Other

Email address

Telephone number

Extension (if applicable)

Additional comments (maximum of 100 characters)

Do not provide any confidential information