Main criteria to apply for Money Service Business license:
- Place of your business operation in Canada.
- You have incorporated Business in Canada: your business has registered status in any Province of Canada.
We can to help you to incorporate your business in Canada and provide you with address for your business operations.
What you can do with MSB license:
1. Money transfer business in any amount
2. Currency exchange
3. Dealing in virtual currencies as well as crypto currencies
4. Issue or redeem money orders, traveler’s cheques or other similar negotiable instruments.
Advantages of Canadian MSB license:
1. License issued by recognized and reputable authority in AAA jurisdiction.
2. Crypto friendly
3. Ability to conduct business in Canada and outside of Canada.
4. Easy process of onboarding with financial institution such as payment systems and digital bank
5. Currency exchange FX
6. Payment service provider
7. Integration ….
How can we help? We offer you the following solutions:
- Company incorporation in Canada which will act as Money Service Business provider or agent.
- Bank account opening in Canada.
- We will help you to prepare all necessary KYC documents in appropriate format.
- Licensing process. We will act you on behalf during all process of registration with Regulatory body.
- Consulting on AML compliance and ongoing procedures and audit.
- We will prepare you for ongoing on training and reporting for audit and inspection of regulating authorities.
- We will advise you on Generally and specific policies must be adopted that should be comprehensive in managing risk assessment activities, the measures undertaken,
- We will provide you with ongoing compliance training program and a review about the effectiveness of the process.
