Authority or frameworkFINTRAC
Business scopeMSB registration
Capital and financial requirementsCheck business and provincial requirements
TimingAssessed against registration and information change procedures
Registration scope
Canadian MSB registration requirements should be confirmed individually against the services, company location and arrangements for serving clients. FINTRAC registration is separate from other potentially applicable federal, provincial or payment services requirements, which must be checked independently.
Acquisition and application arrangements
Acquiring a company does not mean that its existing registration, bank accounts, payment service arrangements or other permissions will automatically continue. Each matter should be assessed against the transaction and applicable requirements.
Advisory pointers
When considering a new registration or the acquisition or sale of a company, first verify its FINTRAC registration status, registered service categories, company and control information, and any information updates or regulatory procedures required after the transaction.