Strefopay
Planning to launch a FINTRAC-compliant money services platform, the client requested our assistance in acquiring an existing MSB entity, which significantly sped up the company’s market entry. We stepped in to help the client evaluate the compliance history of the target FINTRAC-registered MSB and identify the associated operational risks before proceeding with the transfer of ownership.
Then, once the entity was acquired, we helped the client restructure it according to their business goals and assisted them in the post-acquisition setup. This, in particular, included ensuring complete AML and CFT compliance and building customized security policies and internal controls according to FINTRAC’s requirements. As a result, Strefopay now operates a fully compliant money service platform that handles exchanges across over 30 currencies and business payment solutions in Canada and globally.
