ABOUT MSB COMPLIANCE ONTARIO INC.
Your Partner in Compliance Excellence
MSB Compliance Ontario Inc. is a Toronto-based independent compliance advisory firm specializing in FINTRAC regulatory compliance for Money Services Businesses. Our expert team is dedicated to providing tailored compliance solutions that help small and growing financial businesses maintain robust compliance frameworks without the overhead of a full-time internal compliance officer.

ABOUT US
Our Founders
A Partnership Built on Experience, Governance & Trust
MSB Compliance Ontario Inc. is led by two seasoned professionals whose combined experience spans
decades in corporate governance, regulatory compliance, and financial services.
Together, they bring a depth of knowledge, leadership, and practical execution that supports MSBs in
navigating complex, FINTRAC regulatory environments while building strong, sustainable operational
foundations.
Their partnership reflects a shared commitment to professionalism, integrity, and delivering high-quality,
reliable corporate solutions.
Stephen Freedman
Senior Advisor | Capital Markets Regulatory Leadership
A graduate of Economics from the University of Western Ontario and a former member of Western’s
Track and Field team, Stephen was registered within the Canadian securities industry for over 40 years.
Over the course of his career, Stephen has held the position of Chief Compliance Officer for more than 20
years and has worked with multiple investment firms in senior leadership capacities. His experience
includes serving as President of a Mutual Fund Dealer, Compliance Officer for two Mutual Fund Dealers,
and founding and registering his first Limited Market Dealer (now known as an Exempt Market Dealer) in
1990.
At his Exempt Market Dealer, Stephen held the roles of:
Chief Executive Officer (CEO)
Ultimate Designated Person (UDP)
Chief Compliance Officer (CCO)
Chief Authorized Firm Representative
Stephen was a recognized leader in the exempt market space and has been the recipient of a Deal of
the Year Award from the Private Capital Markets Association of Canada (PCMA), as well as a Leadership
Award from the National Exempt Market Association in recognition of his contributions to fostering
industry excellence.
Juliet A. Reid
Corporate Governance & Compliance
Juliet A. Reid is a corporate governance and compliance professional with over 25 years of experience
supporting investment firms, mortgage brokerages, and corporate entities across Canada. She has held
senior leadership roles, including Vice President and Corporate Compliance, where she has overseen
governance frameworks, regulatory compliance, and internal operational structures within regulated
financial environments.
Juliet’s career is anchored by a strong legal foundation, having spent formative years within established
law firms where she developed her expertise in legal documentation, corporate structuring, and regulatory
compliance. Working in fast-paced, legal environments she supported complex transactions and high-
volume legal processes, cultivating a meticulous attention to detail and a deep respect for procedural
accuracy, confidentiality, and accountability. This early experience continues to underpin her disciplined
and structured approach to corporate governance today.
Juliet’s expertise includes:
Corporate structuring, incorporations, amalgamations, and amendments
Minute book reviews and corporate records management
Development and implementation of AML/FINTRAC compliance programs
Regulatory filings and ongoing corporate maintenance
Governance advisory and internal process development
Known for her structured, detail-oriented, and solutions-driven approach, Juliet works closely with
executive teams to ensure organizations remain compliant, efficient, and well-positioned for sustainable
growth. She brings a unique combination of legal grounding, regulatory insight, and practical execution to
every engagement.
As Founder of Jahchalaine Management Services Inc., Juliet provides strategic, confidential, and reliable
corporate support services tailored to the evolving needs of businesses, further extending her
commitment to excellence beyond traditional corporate environments.
Our Combined Strength
Together, Stephen and Juliet offer a powerful combination of:
Executive-Level Compliance Leadership
Deep Regulatory Knowledge Across Canadian Financial Markets
End-to-End Corporate Governance Support
Practical, Hands-On Operational Expertise
Their complementary backgrounds allow them to bridge high-level FINTRAC regulatory strategy with
day-to-day corporate execution, providing clients with both insight and implementation.
Our Commitment
We understand that in today’s environment, MSBs require more than just administrative support, they
need trusted partners who can operate with precision, confidentiality, and accountability.
Our commitment is to deliver:
Accurate and timely corporate services
Strong governance and FINTRAC compliance alignment
Professional, discreet, and responsive support