Financial Transactions and Reports Analysis Centre of Canada
http://www.fintrac-canafe.gc.ca
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Frequently Asked Questions
Money Services Businesses
This section provides information that is relevant to this sector.
- Do I have to register?
- What will happen if I continue operations without registering?
- When do I have to register?
- How do I register?
- I have forgotten my password. How can I receive a new one?
- Is there a fee to register?
- Can a third party register my MSB on my behalf?
- Is there any reason why I cannot register my MSB?
- Are there any exceptions to registering? Are charities exempt from registering?
- Does registering my MSB with FINTRAC mean that I am certified to operate?
- What is the difference between the business licence number and incorporation number in the MSB registration form?
- Where do I find the MSB registration number required in field B.5 of the registration form?
- What is considered “carrying on activities in a dwelling house” for field B.8 of the registration form?
- Field B.10 asks the approximate annual volume of my transactions. Should I enter the gross value of transactions or the portion of the transaction that results in income for the business?
- What is the difference between an agent and a branch?
- I received a clarification request (CR) notice. What does that entail? How long do I have to respond to the CR notice?
- How long will it take FINTRAC to process my application?
- How often do I need to renew my registration?
- How can I make a change to my application after I am registered?
- The bank requires a registration number in order to open a bank account with them. What can I provide them that show I’m registered with FINTRAC?
- I received a letter in the mail stating that my MSB has been denied or revoked its registration with FINTRAC. Who can I contact for more information?
