MP Technology Services Ltd. fined CA$537K by FINTRAC
- Amount
- CA$536,853.35
- ≈ $389K at the notice date
- Regulator
- FINTRAC
- Financial Transactions and Reports Analysis Centre of Canada
- Date
- Country
- Canada
- Money services business
What happened
MP Technology Services Ltd., a subsidiary of MoonPay Inc. and a Seychelles-incorporated entity that was determined to be a foreign money services business operating in Canada, was imposed an administrative monetary penalty of $536,853.35 on November 20, 2025, for committing 4 violations. MP Technology Services Ltd. has appealed the decision to the Federal Court.
Violations
Controls that catch this
- Transaction Monitoring: scenario coverage, alert review and SAR workflow
- Customer risk assessment that blocks or escalates high-risk onboarding
- Case management with an audit trail for every decision
Sources
- Regulator's notice Official
Doing business with MP Technology Services Ltd.? Check the company and its owners against sanctions lists for free.
Run a sanctions checkRelated fines
| 24 Sep 2026 | Caisse populaire acadienne ltée | FINTRAC | CA$676,500 |
| 24 Sep 2026 | Caisse populaire Alliance limitée | FINTRAC | CA$82,500 |
| 24 Sep 2026 | Pathwise Credit Union | FINTRAC | CA$41,250 |
| 24 Sep 2026 | Your Neighbourhood Credit Union Limited | FINTRAC | CA$16,500 |
| 3 Sep 2026 | The New Brunswick Lotteries and Gaming Corporation | FINTRAC | CA$399,712.5 |
Figures and summaries come from the regulator's published notice or, where noted, press reports. Penalties can be reduced, appealed or combined with other agencies' actions. Last reviewed by our compliance team: 27 Oct 2026.