EN#0393-Canadian MSB, dormant, registered with FINTRAC, for sale

An opportunity to acquire a dormant Canadian company registered with the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) as a Money Services Business (MSB). The entity has not commenced operations with permissions covering PSP activities, crypto trading, remittance and foreign currency exchange.

Key Highlights:

• License and Permissions: The company is registered with FINTRAC as an MSB for activities involving foreign exchange dealing, remitting or transmitting funds, and dealing in virtual currency. The registered scope supports a business model involving payment services, remittance, foreign currency exchange and virtual-currency transactions. 
• Operational Status: The entity has not commenced operations and has no existing clients or trading activity, providing the purchaser with a clean platform from which to develop its intended business model. 
• Regulatory Standing: There are no known issues with FINTRAC, subject to purchaser due diligence and verification of the entity’s current regulatory standing. 
• Compliance Framework: Compliance, AML/KYC and risk-management policies are already in place, providing an existing compliance framework that may be reviewed and adapted to the purchaser’s intended products, clients and geographic exposure. 
• Banking Infrastructure: The entity does not currently maintain operational or client-funds bank accounts. The purchaser will therefore need to establish suitable banking, payment and, where applicable, safeguarding arrangements based on its intended activities. 
• Regulatory Capital: No specific minimum regulatory capital requirement applies solely as a result of the entity’s FINTRAC MSB registration. 
• Financial Position: The entity has no reported debt or other financial liabilities. Current ongoing expenses are approx. USD 100 per month. 

This Canadian FINTRAC-registered MSB represents an opportunity for buyers seeking an established regulatory structure without legacy clients, trading activity or financial liabilities. The entity may provide a more efficient route to establishing a Canadian presence than incorporating and registering a new business from the outset, while allowing the purchaser to implement its own banking, technology and commercial infrastructure. 

For further information on the sale of this Canadian FINTRAC-registered MSB, please contact our Mergers & Acquisitions team at info@salvusfunds.com. More entities for sale can be found within our Entity Acquisition or Sale page.

SALVUS Funds’ teams can be engaged for guidance on new license authorizations for investment, payment or crypto-asset services, ongoing regulatory compliance consultancy for regulated entities, and support in acquiring ready-made regulated or registered entities. 

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