Your Trusted Legal Advisor. Need Any Help?
- irbazwahab@cloudhauslaw.com
- Mon-Fri: 9 AM - 5 PM
Your Trusted Legal Advisor. Need Any Help?
Do you run a currency exchange on Yonge Street, a money transfer counter on Highway 7, or a crypto platform near Beaver Creek? FINTRAC rules apply to you, and since March 2026 the penalties are much higher. Irbaz Wahab helps Richmond Hill money services businesses register, stay compliant, and answer FINTRAC. All for a flat fee.
Richmond Hill is one of the most diverse cities in Canada. Many families here send money overseas, and local remittance shops, currency exchanges, and crypto start-ups help them do it. We start by confirming what counts as a money services business for your services, and whether you need MSB or FMSB registration.
New MSBs need the groundwork done before the first transaction, whether you start fresh or buy a registered MSB. Existing MSBs need to keep up, because Bill C-12 raised FINTRAC’s top penalties by up to 40 times in March 2026.
Our office is right here on East Beaver Creek Road, and we also act as an MSB lawyer for clients across Canada. The goal is simple. Fix problems before they reach FINTRAC or your bank.
80+
MSB Clients Served
Canada’s anti-money laundering law, the PCMLTFA, says you must register with FINTRAC before you offer any of the services below. FINTRAC does not charge a fee to register. Still unsure? Read our guide on who needs MSB registration in Canada.
Swapping one currency for another for customers, like U.S. dollars, euros, or rupees for Canadian dollars.
Wire transfers, app transfers, and informal systems like hawala or hundi. Moving money for other people counts when you do it as a business.
Issuing or cashing money orders or traveller's cheques. Cheques made out to a named person are not included.
Exchanging or transferring crypto, whether crypto to cash or crypto to crypto. Crypto ATM operators often fall in this group too.
Running a platform where people raise money or crypto for others.
A flat-fee classification review answers the question before you file.
MSB law is a core part of this practice. Irbaz Wahab handles each Richmond Hill file himself, and you get a flat-fee quote before any work begins. Need a company set up first? We can also incorporate your Richmond Hill business before you register.
We confirm you qualify, gather owner and director details, name your compliance officer, and line up the criminal record checks FINTRAC asks for. Then we file a complete application. Want to see each step first? Read our step-by-step MSB registration guide.
Your corporation, your FINTRAC registration, and a working AML program, done together as one project. One lawyer and one flat fee. A good fit for Richmond Hill founders starting fresh.
Written policies, a risk assessment, customer ID steps, monitoring rules, and staff training. We build each one around your products, your customers, and the countries you send money to. No copy-and-paste templates.
A set monthly plan for reporting questions, suspicious transaction advice, exam prep, and fixing gaps early. Your program stays current when the rules change.
Got a Notice of Intent to Revoke? The deadline is short, so act the day it arrives. We write a clear answer to each problem FINTRAC raises and show the fixes you made. See how our MSB revocation defence works.
Your registration lasts two years, then you must renew. We handle the renewal. We also file the updates FINTRAC needs within 30 days when something changes, like a new owner, a new service, or a second branch in Markham. Flat fee.
Opening an MSB in Richmond Hill? Updating your program for the 2026 rules? Holding a letter from FINTRAC? Tell us where things stand. Irbaz gives you clear next steps and a flat-fee quote before any work starts. Thinking about selling your MSB? We can help with that too.
Four simple steps, one flat fee, and Irbaz Wahab on your file from the first call to the final filing.
MSB & Corporate Lawyer
Ask for a free, fixed-fee quote by phone or online, from Richvale to Oak Ridges.
Pick a flat-fee or monthly plan. Then e-sign your engagement letter online in minutes.
Talk with Irbaz by phone or video. Along with MSB rules, the call can cover your company, a franchise, or restaurant questions.
Get your finished work quickly and online, with clear steps on what to do next.
MSBs across York Region and the rest of Canada rely on Cloudhaus Law to get registered, build AML programs that work, and protect their registration under the PCMLTFA.
The MSB matters we handle most often include:
Irbaz Wahab started his legal career at the City of Toronto, where he negotiated contracts worth millions of dollars. He also holds the CIPP/C, a Canadian privacy credential. That matters for MSBs, because you collect and store customer ID and transaction data every day. Read Irbaz’s full background before you call.
MSB owners often come to us after surprise bills, or after a junior took over their file. Some had advisers who treated FINTRAC like any other regulator. With penalties now much higher, we built our service to avoid all three.
Real words from entrepreneurs and MSB operators who trusted Irbaz with their most important legal matters.
No more billable hours. You know exactly what your yearly legal budget is and you get a full time lawyer for half the expense.
Find out now?
I do the research upfront so you know what you are paying you wont get a surprise bill for thousands of dollars.
Best for Startups.
Best for Franchises.
From currency exchange counters on Yonge Street to fintech teams near Highway 7 and Highway 404, we serve MSBs and FMSBs across York Region. By phone and video, we also help clients in every province.
Straight answers for Richmond Hill MSBs on registration, AML programs, reports, penalties, and fees.
Irbaz Wahab helps Richmond Hill MSBs with FINTRAC registration, AML programs, revocation responses, and planning under the 2026 rules. Get flat-fee MSB support with no retainer. Your first call is free.
Every MSB question from Richmond Hill gets a prompt reply. Book a free consultation by phone, video call, or online form.
irbazwahab@cloudhauslaw.com
Office Address
Suite 700, 225 East Beaver Creek Rd, Richmond Hill, ON L4B 3P4
Office Hours
Monday to Friday, 9 AM to 5 PM EST
Talking through your FINTRAC situation or MSB deal costs nothing. You do not need a retainer to start.
A fixed quote before work starts
Decide to go ahead and you get one set price for your MSB matter. No loose estimates.
FINTRAC deadlines do not wait, so we move quickly once you send us the notice.
Local office, Canada-wide help
Based in Richmond Hill, serving MSBs in every province by phone and video.
