New Federal Fintrac Registration For Msb

I’m pleased to present a proposal for a new FINTRAC registration for a Canadian Federal Money Services Business (MSB). The company will be fully compliant with FINTRAC regulations, including all necessary licensing and reporting systems, to offer services such as foreign exchange, money transfer, virtual currency, and payment service provision (PSP). The licensing will also allow for the addition of other financial services as needed.

Additional Services Offered

• Bank Account Opening Services: Assistance with setting up one retail account and one high-value wire transfer account (retail transactions allowed if KYC standards are met). Additional accounts can be provided as needed.

• Junior Chief Compliance Officer: Support for compliance oversight and management.

• Operational Compliance Reporting: Comprehensive compliance reporting services to ensure all regulatory requirements are met. Policy and procedure management is included at no extra cost.

• Local Director Services: Appointment of a qualified local director to meet regulatory requirements, providing guidance on compliance matters and offering local representation in Canada.

• Local Address: Provision of a registered Canadian business address, ensuring all legal, regulatory, insurance, and mailing needs are met for your MSB, with options for virtual office services if required.

A full operational pack is optional.

Please let me know if you need further details.