Register your money services business (MSB) or your foreign money services business (FMSB)

FINTRAC does not charge registration fees.

Certain persons or entities are not eligible to register and therefore cannot operate a money services business or foreign money services business.

Money services businesses operating in Canada, and foreign money services businesses that direct and provide services to clients in Canada, must register with FINTRAC before they begin to operate. Even if you are registered or licensed as a money services business with a province or territory, you still have to register with FINTRAC.

To register

Step 1:

Complete the Web form: Pre-registration request for money services business or foreign money services business. You will be contacted by a FINTRAC compliance officer and provided with a registration form to complete.

Step 2:

To complete your registration form, you will need the following information, if applicable:

• bank account information;
• information about your compliance officer;
• number of employees;
• incorporation information (if your business is a corporation);
• information about your MSB’s owners and senior management, such as their name and date of birth;
• an estimate of the expected total dollar amount of transactions per year for each MSB service you provide;
• detailed information about every location; and
• detailed information about every MSB agent.

Step 3:

Once completed, you will be required to submit your registration form and other required information to FINTRAC using the secure Canada Post Connect message that will be provided by a FINTRAC compliance officer during the time of the registration process.

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After you submit your registration form

We will process your form and will send you one of the following:

• your registration approval notice and your registration number;
• a clarification request – see Answer clarification requests or;
• reasons why we have denied your registration.

Once your registration form is approved, some of the information provided will be made available to the public and displayed on FINTRAC’s Money Services Business Registry.

If you do not register, you may be assessed penalties or incur other consequences.