--- title: "Canadianforex Limited · MSB (FINTRAC) · Canada | Elucidate" description: "Canadianforex Limited is registered with FINTRAC for anti-money-laundering supervision as a msb in Canada. Licence M08560392. LEI 9845000E939C5DE4J692. Register status, licences, activities and ownership." url: https://elucidate.co/directory/canadianforex-limited-fb1f300d4793 --- 1. [Directory](https://elucidate.co/directory) 2. [Canada](https://elucidate.co/directory/country/ca) 3. Canadianforex Limited Canada · Money service business # Canadianforex Limited Trading as OFX CanadianForex Limited is an Alberta business corporation that trades as OFX. FINTRAC registers it as a money services business under number M08560392. Revenu Québec registers it as a money services business under number 10713. It is a subsidiary of OzForex Limited within OFX Group Limited, an Australian group listed on the ASX. It offers Canadian businesses multi-currency accounts, international payments, currency conversion, forward contracts and Visa corporate cards that it issues itself. It also offers international money transfers to consumers. In July 2026 OFX Group Limited agreed terms for a proposed acquisition by Alakazam Holdings Bidco Limited, the owner of Equals Group Limited. Register status Registered for AML supervision in Canada MSB · FINTRAC AML registration only [1 licence or registration ↓](https://elucidate.co/directory/canadianforex-limited-fb1f300d4793#licences) BIC **No BIC** LEI **[9845000E939C5DE4J692](https://search.gleif.org/#/record/9845000E939C5DE4J692)** [Licence no. **M08560392**](https://elucidate.co/directory/canadianforex-limited-fb1f300d4793#licences) [Group: Ofx Group Limited](https://elucidate.co/directory/group/984500745OB5K1ZB6008) ## Licences and registrations Held by Canadianforex Limited (LEI 9845000E939C5DE4J692). 1 entry on 1 of the 22 tracked registers, retrieved 25 September 2026. | Register | Licence | Number | Jurisdiction | Status | Registered | Ends | Activities | Register entry | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | [Money Services Business Registry](https://elucidate.co/directory/register/fintrac-msb) FINTRAC | MSBMoney Transmitter / Remittance | M08560392 | [Canada](https://elucidate.co/directory/country/ca) | Active | 2008-10-03 | Renews 2027-02-14 | - Money remittance - Currency exchange | [Search the register ↗](https://fintrac-canafe.canada.ca/msb-esm/msb-eng) | Trading names on the register: OFX (FINTRAC-MSB) - Each licence applies in the country of the regulator that granted it. - Registers are tracked in 37 countries. Licences granted elsewhere are not recorded here. ## Swift network Swift’s ISO 9362 BIC directory Holds no BIC in Swift’s directory. Its LEI is not mapped to a BIC in the Swift and GLEIF BIC-to-LEI relationship file. ## Overview Researched 29 Sep 2026 · [Sources](https://elucidate.co/directory/canadianforex-limited-fb1f300d4793#overview-sources) Customers 37,000 customers · Group · 25 Aug 2026 · [company statement ↗](https://www.ofx.com/en-ca/) Employees Not published Ownership Group subsidiary OzForex Limited Firm type FX and business payments Trades as OFX - **Standing:** The firm is the successor to an earlier Alberta corporation of the same name (2024240554, created 2007), which was absorbed on 11 June 2024. In July 2026 its ultimate parent, OFX Group Limited, agreed non-binding terms for a proposed all-cash acquisition by Alakazam Holdings Bidco Limited, the owner of Equals Group Limited. - **Ownership:** OFX Group Limited, listed on the ASX, controls the firm through OzForex Limited, according to the GLEIF parent relationships reported by the entity. - **Direct parent:** [OzForex Limited](https://elucidate.co/directory/ozforex-limited-ozfxau2s), Australia - **Ultimate owner:** OFX Group Limited, Australia - **Head office:** Suite 1600, 11 King Street West, M5H 4C7 Toronto, Canada (registered office: 2900-10104 103 Avenue NW, Edmonton, Alberta T5J 0H8, Canada) - **Company register:** Alberta Corporate Registry 2026007050 - **Incorporated:** 1 Apr 2024 ### Online - **Websites & references:** [ofx.com ↗](https://www.ofx.com/en-ca/) [ofx.com/fr-ca ↗](https://www.ofx.com/fr-ca/) French-language site for clients in Québec - **Official social accounts:** [LinkedIn ↗](https://www.linkedin.com/company/ofx) · [X ↗](https://twitter.com/OFX) · [Facebook ↗](https://www.facebook.com/ofx) · [Instagram ↗](https://www.instagram.com/ofx) · [YouTube ↗](https://www.youtube.com/user/ozforex/) · [WeChat ↗](https://mp.weixin.qq.com/s/eyTOgywltFyLmgtcESWUnQ) - **Apps:** [App Store ↗](https://apps.apple.com/us/app/ofx-business-au/id1661719411) · [Google Play ↗](https://play.google.com/store/apps/details?id=au.com.paytron.app&pli=1) · [App Store ↗](https://apps.apple.com/au/app/ofx-money-transfer/id499457234) · [Google Play ↗](https://play.google.com/store/apps/details?id=au.com.ozforex&hl=en_AU&gl=US) Sources · 12 pages consulted 1. [ofx.com/en-ca/](https://www.ofx.com/en-ca/) 2. [ofx.com/en-ca/legal/license/](https://www.ofx.com/en-ca/legal/license/) 3. [ofx.com/en-ca/legal/](https://www.ofx.com/en-ca/legal/) 4. [ofx.com/en-ca/legal/card-agreement/](https://www.ofx.com/en-ca/legal/card-agreement/) 5. [ofx.com/en-ca/legal/general-terms-and-conditions/](https://www.ofx.com/en-ca/legal/general-terms-and-conditions/) 6. [ofx.com/en-ca/contact-us/](https://www.ofx.com/en-ca/contact-us/) 7. [ofx.com/en-ca/about-us/global-executive-team/](https://www.ofx.com/en-ca/about-us/global-executive-team/) 8. [lei.bloomberg.com/gleifs/view/9845000E939C5DE4J692](https://lei.bloomberg.com/gleifs/view/9845000E939C5DE4J692) 9. [lei.bloomberg.com/gleifs/view/549300FJOGHWHPCSOH95](https://lei.bloomberg.com/gleifs/view/549300FJOGHWHPCSOH95) 10. [listcorp.com/asx/ofx/ofx-group-limited/news/ofx-and-equals-agree-cash-offer-terms-and-amp-1q27-trading](https://www.listcorp.com/asx/ofx/ofx-group-limited/news/ofx-and-equals-agree-cash-offer-terms-and-amp-1q27-trading-update-3380389.html) 11. [finextra.com/pressarticle/110537/equals-to-acquire-ofx](https://www.finextra.com/pressarticle/110537/equals-to-acquire-ofx) 12. [kalkinemedia.com/au/news/announcements/ofx-group-extends-equals-exclusivity-period-to-30-october-2026-reaf](https://kalkinemedia.com/au/news/announcements/ofx-group-extends-equals-exclusivity-period-to-30-october-2026-reaffirms-100-per-share-scheme-consideration) ## Authorisation Researched 29 Sep 2026 · [Sources](https://elucidate.co/directory/canadianforex-limited-fb1f300d4793#overview-sources) - **Operates under:** Its own licences FINTRAC registers the firm as a money services business under number M08560392. Revenu Québec registers it as a money services business under number 10713. | Authority | Licence or registration | Number | Held | Status | Source | | --- | --- | --- | --- | --- | --- | | Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) Canada | Money services business registration (money transmitter / remittance; activities: money remittance, currency exchange) | M08560392 | In its own name | Active | [ofx.com ↗](https://www.ofx.com/en-ca/legal/license/) | | Revenu Québec Canada | Money services business registration (Québec) | 10713 | In its own name | Active | [ofx.com ↗](https://www.ofx.com/en-ca/legal/license/) | Licences and registrations the research found, at home and abroad, as the firm and its regulators publish them. The Licences and registrations card shows the entries on the registers the directory tracks. ## Partners and safeguarding Researched 29 Sep 2026 · [Sources](https://elucidate.co/directory/canadianforex-limited-fb1f300d4793#overview-sources) - **Safeguarding:** Segregated safeguarding accountsThe firm states that it pools client balances in accounts at financial institutions that serve no other purpose. It states that, for clients outside Québec, it safeguards these funds in trust under the Retail Payment Activities Act, and that the funds are not covered by deposit insurance. [ofx.com ↗](https://www.ofx.com/en-ca/legal/general-terms-and-conditions/) - **Payment schemes and card networks:** Visa Access not stated [ofx.com ↗](https://www.ofx.com/en-ca/legal/card-agreement/) Swift Access not stated [ofx.com ↗](https://www.ofx.com/en-ca/legal/general-terms-and-conditions/) Banks and regulated firms the firm says hold its customers’ money, issue its cards, sponsor its accounts or settle its payments, as it discloses them in its terms and notices. ## Products and markets Researched 29 Sep 2026 · [Sources](https://elucidate.co/directory/canadianforex-limited-fb1f300d4793#overview-sources) - International money transfer - Multi currency accounts - FX conversion - FX hedging - Debit cards - Domestic payments The firm offers Canadian businesses an account for receiving, holding and paying in more than 30 currencies. It also offers spot transfers, forward contracts, limit orders, Visa corporate cards, spend management and accounts payable automation. For consumers, it offers international transfers, which it says reach more than 170 countries. The firm serves clients across Canada, including Québec under separate terms, and sends payments abroad. - **Sells to:** Small businesses · Enterprises · Consumers · Platforms and marketplaces - **Serves customers in:** Canada ## Leadership Researched 29 Sep 2026 · [Sources](https://elucidate.co/directory/canadianforex-limited-fb1f300d4793#overview-sources) - **Chief executive:** John ('Skander') Malcolm Chief Executive Officer and Managing Director, OFX Group Confirmed 29 Sep 2026 · [ofx.com ↗](https://www.ofx.com/en-ca/about-us/global-executive-team/) - **Chief financial officer:** James Georgeson Chief Financial Officer, OFX Group Confirmed 29 Sep 2026 · [ofx.com ↗](https://www.ofx.com/en-ca/about-us/global-executive-team/) - **Compliance / MLRO:** Kate Malone Chief Risk Officer, OFX Group Confirmed 29 Sep 2026 · [ofx.com ↗](https://www.ofx.com/en-ca/about-us/global-executive-team/) - **Executive:** Adrian Wong Chief Legal Officer and Company Secretary, OFX Group Confirmed 29 Sep 2026 · [ofx.com ↗](https://www.ofx.com/en-ca/about-us/global-executive-team/) - **Executive:** Josh Goines Chief Growth Officer, OFX Group (formerly President, North America) Confirmed 29 Sep 2026 · [ofx.com ↗](https://www.ofx.com/en-ca/about-us/global-executive-team/) ## Recent events Researched 29 Sep 2026 · [Sources](https://elucidate.co/directory/canadianforex-limited-fb1f300d4793#overview-sources) 1. Sep 2026 Merger / acquisition OFX Group Limited extended the exclusivity period for Equals to 30 October 2026 so Equals could finalise its debt financing. [kalkinemedia.com ↗](https://kalkinemedia.com/au/news/announcements/ofx-group-extends-equals-exclusivity-period-to-30-october-2026-reaffirms-100-per-share-scheme-consideration) 2. Jul 2026 Merger / acquisition OFX Group Limited entered a Transaction Process Deed for a proposed acquisition by Alakazam Holdings Bidco Limited at AUD 1.00 per share. [listcorp.com ↗](https://www.listcorp.com/asx/ofx/ofx-group-limited/news/ofx-and-equals-agree-cash-offer-terms-and-amp-1q27-trading-update-3380389.html) 3. Apr 2026 Leadership OFX Group appointed James Georgeson as Chief Financial Officer with effect from April 2026. [ofx.com ↗](https://www.ofx.com/en-ca/about-us/global-executive-team/) 4. Feb 2026 Other OFX Group Limited announced a strategic review on 5 February 2026. [finextra.com ↗](https://www.finextra.com/pressarticle/110537/equals-to-acquire-ofx) 5. May 2025 Leadership OFX Group appointed Kate Malone as Chief Risk Officer. [ofx.com ↗](https://www.ofx.com/en-ca/about-us/global-executive-team/) 6. Jun 2024 Merger / acquisition The successor corporation absorbed the earlier Alberta corporation CanadianForex Limited (2024240554) on 11 June 2024. [lei.bloomberg.com ↗](https://lei.bloomberg.com/gleifs/view/549300FJOGHWHPCSOH95) Compliance-relevant events of the last three years, newest first: fines and enforcement, investigations, security incidents, licence changes, funding rounds, acquisitions and leadership changes. Each links to its source. ## Identifiers - **Licence no. · FINTRAC-MSB:** M08560392 - **BIC:** Holds no BIC in Swift’s directory - **LEI:** [9845000E939C5DE4J692 ↗](https://search.gleif.org/#/record/9845000E939C5DE4J692) - **How the LEI was matched:** Matched by Elucidate to GLEIF on name, country and address - **Elucidate firm ID:** fb1f300d4793 ## Profile - **Type:** Money service business - **Regulation:** AML registration only - **Main licence class:** Money Transmitter / Remittance - **Activities:** - Money remittance - Currency exchange - **Licensed in:** [Canada](https://elucidate.co/directory/country/ca) · North America - **First registered:** 2008-10-03 - **Website:** [www.ofx.com/en-ca ↗](https://www.ofx.com/en-ca/) Types come from Swift’s BIC classification, the licences on the 22 tracked registers, and the ECB and FSB bank lists. Most banks outside the euro area appear as financial institutions, because their supervisors’ registers are not tracked yet. ## Ownership and group GLEIF relationship records - **Direct parent:** [Ozforex Limited](https://elucidate.co/directory/ozforex-limited-ozfxau2s) · Australia[549300VKP0NBT4LWRR84 ↗](https://search.gleif.org/#/record/549300VKP0NBT4LWRR84) - **Ultimate parent:** Ofx Group Limited · Australia[984500745OB5K1ZB6008 ↗](https://search.gleif.org/#/record/984500745OB5K1ZB6008) The Ofx Group Limited group has 6 institutions in the directory, in 6 countries: 4 hold a BIC and 2 do not. Including [Ofx Payments Ireland Limited](https://elucidate.co/directory/ofx-payments-ireland-limited-ofpiie22), [Ofx Singapore PTE. Limited](https://elucidate.co/directory/ofx-singapore-pte-limited-fa67403e171f), [Ozforex (Hk) Limited](https://elucidate.co/directory/ozforex-hk-limited-ozfxhkh2), [Ozforex Limited](https://elucidate.co/directory/ozforex-limited-ozfxau2s), [Usforex Inc](https://elucidate.co/directory/usforex-inc-usfous66). [See the Ofx Group Limited group →](https://elucidate.co/directory/group/984500745OB5K1ZB6008) Group membership follows the accounting-consolidation relationships reported to GLEIF. It does not show ownership shares or control. ## Addresses - **Address on the register:** SUITE 2900, 10104 103 AVENUE NW, EDMONTON, T5J0H6 - **Country:** Canada ## ISO 20022 identification As an agent in a Swift cross-border payment message (CBPR+) This institution holds no BIC. A CBPR+ message identifies it by name and postal address, and may add its LEI or a clearing code. - **Identified by:** Name and postal address, with its LEI - **Postal address:** Hybrid: town, postcode and country in their own elements, the rest in one address line ```xml 9845000E939C5DE4J692 CANADIANFOREX LIMITED T5J0H6 EDMONTON CA SUITE 2900, 10104 103 AVENUE NW ``` CBPR+ identifies the instructing and instructed agents by BIC only. An institution without a BIC can be the debtor, creditor or an intermediary agent. The values are as published by the register. Check them against your own records before use. ## Related institutions ### Same group - [Ofx Payments Ireland Limited BIC OFPIIE22 Payments & e-money Prudential licence Ireland · Licensed by Central Bank of Ireland · C190174 (EBA-PSD2) · LEI 984500C1CBBC88BECF45](https://elucidate.co/directory/ofx-payments-ireland-limited-ofpiie22) - [Ofx Singapore PTE. Limited No BIC Payments & e-money Prudential licence Singapore · Licensed by Monetary Authority of Singapore (MAS) (MAS-MPI) · LEI 984500E77A4C9D686291](https://elucidate.co/directory/ofx-singapore-pte-limited-fa67403e171f) - [Ozforex (Hk) Limited BIC OZFXHKH2 Money service business AML registration only Hong Kong SAR China · Registered with Customs and Excise Department (C&ED) · 12-08-00582 (CED-MSO) · LEI 25490070F191CD745X36](https://elucidate.co/directory/ozforex-hk-limited-ozfxhkh2) - [Ozforex Limited BIC OZFXAU2S Money service business AML registration only Australia · Registered with AUSTRAC (AUSTRAC-RSR) · LEI 549300VKP0NBT4LWRR84](https://elucidate.co/directory/ozforex-limited-ozfxau2s) - [Usforex Inc BIC USFOUS66 Money service business AML registration only United States · Registered with FinCEN (FINCEN-MSB) · LEI 549300NG4IAYEMQ99364](https://elucidate.co/directory/usforex-inc-usfous66) [All 6 institutions in the Ofx Group Limited group →](https://elucidate.co/directory/group/984500745OB5K1ZB6008) ### Other money service businesses in Canada - [Bitpay Inc. No BIC Crypto Money service business AML registration only Canada · Registered with FINTRAC · M23611454 (FINTRAC-MSB) · also on FINCEN-MSB · LEI 254900IYKQ2CK7J70T91](https://elucidate.co/directory/bitpay-inc-7a693cb6c5fc) - [Cambridge Mercantile Corp. · trading as CORPAY, SOCIETE FINANCIERE CAMBRIDGE, CAMBRIDGE GLOBAL PAYMENTS No BIC Money service business AML registration only Canada · Registered with FINTRAC · C10001224 (FINTRAC-MSB) · No LEI mapped](https://elucidate.co/directory/cambridge-mercantile-corp-665e0ff0dbe2) - [Coinbase, Inc. · trading as COINBASE No BIC Crypto Money service business AML registration only Canada · Registered with FINTRAC · C10001547 (FINTRAC-MSB) · also on FINCEN-MSB · LEI 549300QHD76EP6ZKTT48](https://elucidate.co/directory/coinbase-inc-ef8fcf0ac213) - [Fast Pace Transfer (Canada) Limited No BIC Money service business AML registration only Canada · Registered with FINTRAC · N300000322 (FINTRAC-MSB) · No LEI mapped](https://elucidate.co/directory/fast-pace-transfer-canada-limited-a75d29d2b965) - [1000588131 Ontario Inc. · trading as FALAMAK EXCHANGE No BIC Money service business AML registration only Canada · Registered with FINTRAC · N300000281 (FINTRAC-MSB) · No LEI mapped](https://elucidate.co/directory/1000588131-ontario-inc-42646b240527) - [1308246 Ontario LTD. · trading as SUPER KABUL FARMS SUPERMARKET, SUPER KABUL SUPERMARKET No BIC Money service business AML registration only Canada · Registered with FINTRAC · N300000784 (FINTRAC-MSB) · No LEI mapped](https://elucidate.co/directory/1308246-ontario-ltd-212ba347a209) - [13148483 Canada Inc · trading as GLOBALFOREX FINANCE No BIC Crypto Money service business AML registration only Canada · Registered with FINTRAC · N300000191 (FINTRAC-MSB) · No LEI mapped](https://elucidate.co/directory/13148483-canada-inc-3639f0591604) - [1318234 Ontario Inc · trading as TORONTO LATINO No BIC Money service business AML registration only Canada · Registered with FINTRAC · C10001394 (FINTRAC-MSB) · No LEI mapped](https://elucidate.co/directory/1318234-ontario-inc-107bbb212e88) [See all →](https://elucidate.co/directory/search?type=msb&cc=CA) [Other entries on FINTRAC-MSB →](https://elucidate.co/directory/register/fintrac-msb) Sources & method Register entries come from the public registers of financial regulators, standardised into one taxonomy. LEIs are matched through GLEIF, and a BIC is linked only through a shared LEI. An institution missing from these registers is not necessarily unregulated. Register entries are not matched against the OFAC or EU sanctions lists. Where the legal entity also holds a BIC, the matches for that BIC are on its page. Always screen against the official lists. An institution is one entry in the directory: a BIC8 in Swift’s directory, or a firm on a tracked register that holds no BIC. Licences held by an institution with a BIC are shown on its page. [Read the methodology →](https://elucidate.co/directory/methodology) Register for this page - **Money Services Business Registry**—Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) · [source ↗](https://fintrac-canafe.canada.ca/msb-esm/msb-eng) as at 25 September 2026 - **Ownership and group**—GLEIF Level 2 relationship records (accounting consolidation), matched by LEI. - **Overview, authorisation, partners, products, leadership and events**—researched per institution by an AI model with web search, from the firm's own website, terms and filings, regulators' registers and notices, company registers and news. Licences, partners, figures, people and events link to their source, and each card shows the research date. AI research can be wrong or out of date, so check key facts at the source. ## Assess the financial crime risk behind a licence A licence records what an institution is authorised to do; it does not assess it. The [Elucidate FinCrime Index (EFI)](https://elucidate.co/ratings) is an independent score of the financial crime risk of banks and payment institutions. [Book a demo](https://elucidate.co/demo-request) Licence and registration data are drawn from the public registers of the regulators named on each page and shown for information only; the official register is always the authority. LEIs and ownership are from GLEIF. Directory and gpi data are drawn from SWIFT's public sources. SWIFT, Swift gpi and UETR are trademarks of S.W.I.F.T. SC, Avenue Adèle 1, 1310 La Hulpe, Belgium. Elucidate is not affiliated with, endorsed by or sponsored by SWIFT or any regulator named here. Elucidate does not provide payment or other financial services.