Canada – Money Services Business
Financial Transactions and Reports Analysis Centre of Canada | Timeframe: 3-6 months
License Overview
Regulatory Authority
Financial Transactions and Reports Analysis Centre of Canada
(FINTRAC)
License Type
Money Services Business
(MSB)
Timeframe
3-6 months
Shareholders
Corporate body or individual
Capital & Leverage
Required Capital
No minimum capital requirements
Leverage
N/A
Operational Requirements
Physical Presence
Not required
Staff Requirements
- Chief Compliance Officer
- Directors with relevant experience
Key Questions
Who regulates the Canada Money Services Business?
The Money Services Business in Canada is issued by the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC).
How long does it take to obtain the Canada Money Services Business?
Timeframe: 3-6 months.
What is the minimum capital for the Canada Money Services Business?
No minimum capital requirements
Is local presence required for the Canada Money Services Business?
Not required
Why Canada?
- Access to North American markets
- Strong regulatory framework with consumer protection
- Stable political and economic environment
- Clear compliance requirements
- G7 member with global credibility
Quick Facts
Timeframe3-6 months
RegulatorFINTRAC
OfficeNot Required
LeverageN/A
View All Licenses