Canadian MSB license

Established in 2000。Financial Transactions and Reports Analysis Center of Canada (FINTRAC)is Canada’s Financial Intelligence Unit (FIU)。it is an independent institution，Headquartered in Ottawa，The center assists in investigations，Preventing and deterring money laundering and terrorist financing。FINTRAC’s financial intelligence and compliance functions are a unique contribution to the safety of Canadians and protecting the integrity of Canada’s financial system。Similar to the CFTC in the United States。FINTRAC accepts financial institutions and intermediaries primarily responsible for collecting、analyze、Evaluate and disclose relevant information about Canada’s financial industry，To protect Canada’s financial stability and security。

Financial services business scope
Forex trading、Transfer and remittance business、Cash or sell a money order、Traveler's checks, etc.
Responsibilities and obligations of the money services industry
Money Services Business (MSB)，Need to understand all the obligations that apply to the business，and continue to executeContinuous Compliance Solutions。This includes businesses registered with FINTRAC，Report to FINTRAC、Keep records，KYC and compliance plan development。

We want to apply for a Canadian MSB license，The following conditions are required：

regulatory conditions

1. Canadian registered company，Can be combinedHong Kong company registrationCompare cross-border structures。
2. Large legal address。
3. Domestic bank account。
4. Company contact number。
5. Compliance officer or shareholder background check。
6. Have a proper business structure，Company personnel have certain qualifications for digital currency issuance
7. Financial condition is good。
8. At least 2 responsible persons，Among them, 1 director and 1 compliance officer。

Documents required for FINTRAC MSB license

1. Company basic information，Tax ID number。
2. company shareholders、Detailed personal information of directors (Physical Identity Card，passport，Proof of address，Contact number)
3. Office address
4. Service type selection
5. total transaction amount：List each individual month within the previous 12 months，List of financial products or services issued by MSB with a total transaction amount exceeding $100,000。
6. Bank account information
7. Compliance specialist contact information
8. branch

Canadian FTR MSB financial license inquiry website

www.fintrac-canafe.gc.ca/intro-eng