What is FINTRAC?

FINTRAC is the regulator that money transfer and currency exchange companies report to under anti-money-laundering rules. Providers publish their FINTRAC registration number so customers can check the firm. Dahabshiil lists M20348565, Eversend lists M21306189, Geegpay lists 1443707-1 and Moneycorp lists M20354025. Read the number as an identifier: it shows the firm sits inside the reporting system, and says nothing about the fee, the payout time or what happens when a transfer goes wrong.