At Comply North, we help you overcome that challenge with a full-service Bank Onboarding Package designed specifically for MSBs. Whether you need Canadian domestic rails, international currency access, payment processors, or virtual asset liquidity providers, we match you with the right institutions and prepare a compliance-ready file that improves your chances of success.
MSBs are considered high-risk by many financial institutions especially those involved in crypto, FX, or international transfers. Even well-run businesses with clean records are often declined because of poor documentation or lack of clear communication.
That’s where we come in. It’s not just about applying. It’s about knowing what banks need, how they assess risk, and how to present your business with credibility.
Comply North maintains strong relationships with MSB-friendly providers and understands what it takes to build a file that earns trust and moves forward.
We build your onboarding file and guide you through every step of the process.
We’ve refined our approach to give you clarity, save time, and strengthen your onboarding file.
Step 2
Step 4
We gather details about your business model, payment flow, regulatory status, and priorities. This step typically takes one to two weeks.
We introduce you to relevant providers, including banks, PSPs, or virtual asset service partners, based on your business needs.
We gather details about your business model, payment flow, regulatory status, and priorities. This step typically takes one to two weeks.
We prepare a bank-ready compliance file, including tailored AML policies and all supporting documentation.
We introduce you to relevant providers, including banks, PSPs, or virtual asset service partners, based on your business needs.
We stay engaged throughout the onboarding process, helping with document submission, follow-ups, and EDD requirements.
Banking is one of the most critical and most difficult components for MSBs. Our team brings deep insight into what works, who to speak to, and how to prepare your file properly.
At the end of the engagement, you’ll have:
Each question opens to reveal an answer.
Yes, especially in Canada. Many financial institutions view MSBs as high-risk and reject applications that are incomplete or poorly presented. A strong onboarding file and the right connections can make a major difference.
FINTRAC requires detailed business information, ownership structure, compliance controls, and business activity descriptions. We handle every step for you.
FINTRAC requires detailed business information, ownership structure, compliance controls, and business activity descriptions. We handle every step for you.
FINTRAC requires detailed business information, ownership structure, compliance controls, and business activity descriptions. We handle every step for you.
FINTRAC requires detailed business information, ownership structure, compliance controls, and business activity descriptions. We handle every step for you.
If your bank application is stalled or your current consultant isn’t moving things forward, we can step in and help. We specialize in taking over existing onboarding files, strengthening them, and getting things back on track.
Let us know where you’re stuck. We’ll take a look and let you know how we can help and we’ll offer a reduced rate for rescue cases.
Let’s set you up with the right financial partner, supported by clear documentation and real compliance expertise. We’ll help you move funds with confidence and unlock the financial infrastructure your business needs.
