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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

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