What criteria distinguishes an MSB from an FMSB?

Below you will find more information about an MSB, or Money Services Business and an FMSB, or Foreign Money Services Business.

Money Services Businesses (MSB)

An MSB is a business that:

• Offers one or more of these services to the public
• Has a place of business in Canada

You can learn more about MSBs or use this to complete the Pre-registration form.

Foreign Money Services Businesses (FMSB)

An FMSB is a business that:

• Offers one or more of these services to the public
• DOES NOT have a place of business in Canada
• Direct services at persons or entities in Canada.
• Provide these services to clients in Canada.

You can learn more about FMSBs or complete the Pre-registration form.