Registered Money Services Business MSB in Canada including RPAA Support

This Canadian Money Services Business (MSB) is registered with FINTRAC and incorporated in British Columbia.

The sale includes support for transferring the FINTRAC registration and assistance with the Retail Payment Activities Act (RPAA) registration process.

For businesses entering the Canadian payments or crypto sector, this offers a significantly faster starting point than incorporating a new company and preparing a fresh registration package.

Why buy this MSB?

This opportunity includes both the registered company and practical onboarding support.

Key advantages include:

• Registered Canadian MSB
• British Columbia incorporated company
• FINTRAC registration transfer support
• RPAA application submission support included
• Suitable for payment, fintech and virtual asset businesses
• Corporate records available for buyer due diligence
• Clean acquisition structure

Registered activities

The MSB is registered for the following activities:

• Foreign exchange
• Money transferring
• Issuing and redeeming money orders
• Virtual currency services
• Payment service provider (PSP) activities
• Cheque cashing

Businesses must ensure they comply with all applicable Canadian regulatory obligations before commencing operations.

RPAA submission support included

Where a buyer intends to hold client funds as a payment service provider, the seller includes assistance with the Retail Payment Activities Act (RPAA) registration process.

The package includes:

• Preparation of required documentation
• Submission support
• Assistance with amendments to the FINTRAC pre-registration where required
• Guidance throughout the registration process until the registration update is completed

Please note: Government registration fees payable to the Bank of Canada are not included in the sale price.

Corporate documents available

The seller has provided a comprehensive due diligence package, including corporate records such as:

• Certificate of Incorporation
• Share certificates
• Register of shareholders
• Director and officer register
• Transparency register
• Memorandum of Association
• Minute book and corporate records

These documents help buyers verify the company’s legal structure before completing the acquisition.

Understanding FINTRAC registration

FINTRAC is Canada’s financial intelligence unit responsible for administering Canada’s anti-money laundering and anti-terrorist financing framework.

A FINTRAC MSB registration is not a government-issued operating license. Instead, eligible businesses are registered with FINTRAC and appear on the public MSB Register while remaining subject to ongoing compliance, reporting and record-keeping obligations under Canadian law.

Businesses that conduct regulated payment activities involving end-user funds may also need to register with the Bank of Canada under the Retail Payment Activities Act (RPAA), depending on their business model.

Buying through Coincub

Coincub Marketplace connects buyers with verified, regulated financial companies available for acquisition worldwide.

Each listing undergoes an initial review before publication. Buyers should complete legal, regulatory and commercial due diligence and confirm all registration requirements with FINTRAC and the Bank of Canada before completing the transaction.

FAQ

1. Is a FINTRAC MSB registration the same as a license?

No. A FINTRAC MSB is a federal registration, not a government-issued operating license. Registered businesses appear on FINTRAC’s public MSB Register and must comply with Canadian AML and reporting requirements.

2. What activities is the company registered for?

The registration covers foreign exchange, money transfers, issuing and redeeming money orders, virtual currency services, payment service provider activities and cheque cashing.

3. What is included in the sale?

The sale includes the British Columbia company, assistance with transferring the FINTRAC registration, and support with the RPAA submission process. Government registration fees payable to the Bank of Canada are not included.

4. Will I receive corporate documents?

Yes. The seller has made available a comprehensive due diligence package including incorporation records, shareholder registers, director registers, share certificates, and other corporate documentation.

5. When is RPAA registration required?

Businesses carrying out regulated retail payment activities and holding end-user funds may need to register with the Bank of Canada under the Retail Payment Activities Act, depending on their specific business model.