Newfoundland and Labrador - Apply for Money Services Business Registration

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Procedure

Apply Online

1. To apply for Money Service Business Registration, the applicant can approach the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC). Here is the contact Link
2. The applicant will need to fill out an online pre-registration application form. Click on the following link to the form Link
3. Enter all the relevant information and click on “Submit”.
4. Once the application form has been submitted, the applicant will be contacted by an officer in 5 days.
5. The applicant will receive an MSB user ID and password, the applicant can use this to log in to their MSB account Link
6. The applicant will need to fill out an MSB registration form, enter all the relevant information and click on submit.
7. The applicant may need to submit additional documents as mentioned under the “Required Documents” section of this page.
8. The applicant does not need to pay any fees.
9. Once the application form is submitted, it will be forwarded to the relevant authorities.
10. The applicant will receive one of the following: a registration approval notice and registration number, reasons why we have denied your registration or a clarification request Link
11. Once approved, some of the information will be made public and displayed on the FINTRAC website Link
12. It takes a few weeks to process the application.

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Required Documents

• Criminal record check

Office Locations & Contacts

Address: FINTRAC
24th floor, 234 Laurier Avenue West
Ottawa ON K1P 1H7
CANADA
Email: [email protected]
Phone: 1-866-346-8722 (toll free)
Contact Link

Eligibility

• The applicant should not have been found guilty of certain offences.
• Find full information here Link

Fees

• The applicant doe snot need to pay fees to register with FINTRAC.

Validity

• Validity will be specified by the authorities.

Documents to Use

Please attach documents that can be used by other people. e.g. Links.

Sample Documents

Please attach sample completed documents that would help other people.

Processing Time

• It takes a few weeks to process the application.

Related Videos

Videos explaining the procedure or to fill the applications.
Attach videos using the following tag <&video type='website'>video ID|width|height<&/video&> from external 
websites.
Please remove the '&' inside the tags during implementation.
Website = allocine, blip, dailymotion, facebook, gametrailers, googlevideo, html5, metacafe, myspace, revver,
sevenload, viddler, vimeo, youku, youtube
width = 560, height = 340, Video ID = Can be obtained from the URL of webpage where the video is displayed.
e.g In the following url 'http://www.youtube.com/watch?v=Y0US7oR_t3M' Video ID is 'Y0US7oR_t3M'.

Instructions

Please provide other instructions related to the certificate/documents.
e.g. The state office holds birth records since january 1908.

Required Information

• 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 branch
• Detailed information about every MSB agent
• Business structure
• Business number
• Business legal name
• language of legal name
• Street address
• Country
• Business email address
• Salutation
• First name
• Telephone number
• Additional information

Need for the Document

• A money service business is one that transmits or converts money and all MSB’s within Canada are legally required to register with FINTRAC.

Information which might help

• Penalties Link

Other uses of the Document/Certificate

Please explain what are other uses of obtaining this document/certificate.
e.g. Birth Certificate can be used as proof of identity.

External Links

Place some external links which might help.

Others

More information which might help people.