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Canada MSB(Money Service Business)

Canada Money Service Business License
Need to register Canada company
No Deposit Requirement
1-2 weeks
Product description: The Canadian Financial Transaction and Reporting Analysis Center (FINTRAC) is Canada's financial regulation department which was established in 2000.It is an independent department that reports to the
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The Canadian Financial Transaction and Reporting Analysis Center (FINTRAC) is a Canada's financial regulation department which was established in 2000.It is an independent department that reports to the Minister of Finance and is responsible for the Parliamentary Activity Center, headquartered in Ottawa.Canada’s Money Service Business is regulated by FINTRAC.

Low Application Fee;No Deposit Requirement;Get the license within 1-2 weeks

Obtaining an MSB license is equivalent to obtaining the recognition of the Canada's financial regulatory authority, which can improve the company's overall score and enhance investor confidence. It is very suitable for start-up companies to apply.

1.Regulatory scope of Canada FINTRAC MSB license:

(1)Forex Trading:Including provide foreign currency exchange business;

(2)Payment:Using electronic funds transfer network or any other method to transfer funds from one person or organization to another person or organization；

(3)Exchange or sale of money orders, traveler’s checks or anything similar: This may also include cashing or selling traveler’s checks or any similar things but not include cashing checks to specific individuals or organizations;

(4)Cryptocurrency Trading

2.Application Documents Required：

(1)Shareholders' and Director's scan copy of passport;

(2)Shareholders' and Director's proof of residence;

(3)Articles of Incorporation and Certificate of Incorporation of Canada company

3.Trading platforms regulated by FINTRAC MSB include:

Forex.com、OANDA、Regain Capital、FX Market、CJC Markets etc

4.Procedure:

(1)Register a Canada company(BC or Federal);

(2)Prepare Application Documents;

(3)Submit Application Documents to FINTRAC;

(4)FINTRAC reviews and approve;