MSB REGISTRATION SERVICES
What is a Money Services Business (MSB)?
In Canada, a Money Services Business (MSB) is an organization that provides financial services such as money transfers, currency exchange, or issuing traveler's checks or money orders. MSBs are regulated by the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) to prevent money laundering and terrorist financing. Examples include currency exchange providers, remittance companies, cryptocurrency exchanges, brokers, and check-cashing services.
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Advantages of Registering as a Money Services Business (MSB) in Canada
Canada has a strong but adaptable regulatory environment that gives companies precise rules while being supervised by FINTRAC. Registration improves credibility, makes international operations easier, and grants access to Canada's secure financial system and access to global banking.