Money Service Business Canada. An msb is generally any person offering check cashing; It is the usual practice for corporate organization to send hardcopy documents like share certificate, insurance policy cover, employment.
Business owners (including partners, directors, and officers. Registration must be renewed every two years. Issuing or redeeming money orders, traveller's cheques or anything similar — your business issues or redeems money orders, travellers' cheques or other similar negotiable instruments.
When starting a small business in canada always keep in mind that a business plan is the first step.
For more complete information see, “am i an msb?” * there are requirements before a currency dealer, check casher, or issuer, seller or redeemer of traveler’s checks, money orders, or stored value cards is considered a money services business. The business offers one or more of the following services: Transportation companies are making money on canada’s waterways, too. My business would wire money from ca/usa to latin america and i would also like to transfer within the united states.i would like to know how to go about starting this business and what are the steps to be able to provide as much services and locations for our customers.