Compliance Assurance to Empower Financial Innovation
What is an MSB License?
Compliance Assurance Leading Financial Intelligence
An MSB (Money Services Business) refers to companies or entities engaged in money transmission, currency exchange, remittance, payment services, and related financial activities within a specific country or region.
Why an MSB License Matters?
Legal Compliance
Holding an MSB license ensures the business operates legally and complies with local financial regulations.
AML and Fraud Prevention
MSBs are required to enforce strict Anti-Money Laundering (AML) and Know Your Customer (KYC) policies to mitigate financial crimes.
Builds Trust
Licensed MSBs gain higher trust from customers and partners, enhancing brand reputation.
Business Expansion
MSB licenses enable legal cross-border remittance, payment services, and other financial operations, supporting business growth.
Our MSB License
Our company is a licensed Canadian MSB, authorized to operate in foreign exchange, money transfers, and virtual currency dealings. This license underscores our commitment to regulatory compliance and secure financial services.
Regulated:
FINTRAC Registration Number: #M23802826
SSHY LTD. is a federally registered Money Services Business (MSB) with FINTRAC in Canada, authorized to provide foreign exchange dealing, money transferring, and virtual currency services in compliance with Canadian regulations.
https://fintrac-canafe.canada.ca/msb-esm/reg-eng