Canada · FINTRAC
Canada MSB registration
FINTRAC registration for foreign exchange, money transfer, or dealing in virtual currency. Lasts 2 years.
Registration with FINTRAC before the business offers foreign exchange, money transfer, money orders, cheque cashing, or dealing in virtual currency in Canada. FINTRAC does not charge a government registration fee. Dealing in virtual currency is part of this registration. It is not a separate licence.
- Timeline
- 2–4 months
- Service fee
- $6,500
Requirements
- The services the business will offer
- A place of business in Canada, or foreign-MSB status if there is none
- Owners, directors, and the compliance officer
- Incorporation documents
- The countries customers will come from