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Tag Archives | Canada MSB License

Understanding MSB Licensing in Canada: Which Money Services Businesses Need to Register with the Bank of Canada

A Money Services Business (MSB) in Canada is a non-bank entity offering financial services such as: Foreign Exchange Dealing: Exchanging one fiat currency for another, such as CAD to USD. Money Transfers: Facilitating domestic or international fund transfers between individuals or entities. Money Orders or Traveler’s Cheques: Issuing or redeeming financial instruments for payment. Virtual […]

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Information, Knowledge & Expert Advice to start, run, grow, market & expand a strong successful business in Canada