Name: Money Services Business Archives | Substance Law
Brand: Legal
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How to Apply To Get PSP Registration under the RPAA

Understanding the RPAA Licence Requirements The Retail Payment Activities Act (RPAA) is a relatively new law in Canada that’s changing how payment service providers (PSPs) operate. It’s all about making sure things are fair, secure, and that consumers are protected when they use payment services. If your business is involved in retail payments, you’ll likely...

How to Get a Ready-Made FINTRAC-Registered Money Services Business in Canada

Understanding FINTRAC-Registered Money Services Businesses FINTRAC oversees money services businesses in Canada through specific registration requirements and compliance standards. These businesses offer essential financial services like currency exchange, money transfers, and virtual currency dealings under strict regulatory oversight. Key Services Offered by MSBs Money services businesses provide several core financial services to consumers and businesses....

What is FINTRAC?

The Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) operates under the legislative authority of the Proceeds of Crime (Money Laundering) and Terrorist Financing Act (PCMLTFA) and its associated regulations. This foundational legal framework mandates FINTRAC to perform several key functions: the collection and analysis of financial transaction information, and the dissemination of actionable...