Get an MSB license (Canada) for currency and crypto exchange ᐉ Services from BUSINESS CONSULT ALLIANCE

MSB license in Canada

MSB license is one of the most advantageous financial licenses in the world. Effective solution for providers of a wide range of payment services

FINTRAC

Issued and regulated by the Canadian Financial Transactions and Reports Analysis Center

PCMLTFA

Complies with the provisions of the Proceeds of Crime and Terrorist Financing Act

Order a cost estimate and specialist consultation

Cash transactions
Foreign exchange transactions
Money transfers
Redemption and issuance of traveler's checks, implementation of bank commissions
Cash-out
Virtual currency exchange
Crowdfunding platform services

01
Compliance with KYC, record keeping and reporting rules
02
There is no minimum start-up capital, but it is advisable to contribute a certain amount of authorized capital to demonstrate seriousness of intentions (recommended amount: from 10 000 EUR)
03
Compliance program with the obligations and requirements of the PCMLTFA and related regulations

01
Company Registration in Canada
02
Opening a bank (business) account in Canada and a work account (can be opened outside of Canada)
03
Providing a detailed business plan
04
Providing criminal record clearance certificate to the key person / compliance officer
05
egistration with FINTRAC until full authorization is obtained
06
Interview with FINTRAC representative
07
Developing a full suite of policies and procedures: AML regulations, compliance program, KYC/KYB requirements, continuous monitoring requirements, transaction reporting requirements, compliance training program