Entire network is the most detailed! Detailed of Canadian finance license plate is solved!

Trade as international finance, foreign currency in recent years and the flying growth of remittance business, increasing company begins to enter relevant service industry. Because cross a country to wash money,wait however malfeasant also increase accordingly accordingly, each country government strengthened the superintendency of the related side. Be in Canada, relevant business basically returns federally finance trades reach a report to analyse central Financial Transactions And Reports Analysis Centre Of Canada(FINTRAC) administer, the enrollment that the enterprise must obtain Money Services Business (MSB) license plate just can begin concerned professional work. This period firm the relevant knowledge such as the definition that will give everybody introduction MSB license plate to article of international rich guest, requirement, note.

One, the definition of MSB license plate
According to the specification of FINTRAC, the business that pursues the following business belongs to Money Services Business, need to apply for to FINTRAC, register obtain license plate rear can manage:

Foreign currency changes Foreign Exchange Dealing
Remittance Money Transferring
Bill of exchange, traveller's check or other are similar of bill change, business business Cashing Or Selling Money Orders, traveler ' S Cheques Or Anything Similar
2, the requirement of MSB license plate
Applicant requirement: The individual that once committed the following crime or unit cannot apply for MSB license plate, must not pursue relevant business
Wash money or aid financially terror
Disobey Canada to wash money and horror to aid financially law Proceeds Of Crime (Money Laundering) And Terrorist Financing Act (PCMLTFA instead)
Be engaged in terror
Hold crime earning
Undertake bilk activity
If the CEO of an enterprise, president, trustee or accuse a partner of more than 20% to violate above regulation, criterion this enterprise also cannot apply for MSB.
Add up to rule requirement: Obtaining license plate is the first stage that pursues relevant business only, manage in sequel in, FINTRAC has one a complete set of to add up to rule requirement, ensure operator won't violate the relevant regulation of PCMLTFA, specific include,
Relevant file must be saved good, relevant personnel must get good training;
Appoint personnel to be in charge of building reach administrative a complete set of to combine plan plan;
Make a complete set of join plan policy and circuit, approve via administrator of company high level;
Establish a risk to judge make allowance for to control strategy;
Development reachs project of Training Within Industry of administrative company business;
Biennially evaluates a complete set of to combine plan plan.
Client demand: When MSB enterprise is providing a service, need fibrous root asks according to relevant law, in confirm client identity when necessary, prevent to wash money or aid financially the illegal behavior such as terror.
Report requirement: According to FINTRAC requirement, the company of hold MSB license plate must report in time about trade, include
Doubtful trade: If feel a certain trade doubtful, must report at 30 days of indrawn FINTRAC;
Terrorist asset: If discover the capital fund that business involves belongs to a certain terrorist or group, must report to Canadian royal ranger and safe information bureau instantly;
Ready money business: Pen or every ready money business that the amount inside 24 hours exceeds 10 thousand to add money must report in 15 days of indrawn FINTRAC;
International trades: Pen or every international that the amount inside 24 hours exceeds 10 thousand to add money turn Zhang must report in 5 days of indrawn FINTRAC;
Save a requirement: Trade record and client identity record must keep good, if FINTRAC asks, answer to be offerred inside 30 days.
3, the examination of MSB license plate
To ensure strictly hold of MSB license plate person abide by relevant law laws and regulations, FINTRAC will begin all sorts of inspections, content basically combines plan plan to whether build cycle, by the regulation the record trades each sums, confirm client identity, maintain trade the record, examination form includes:

Spot examination: According to legal provision, FINTRAC superintends an official to authority enters an enterprise to undertake circumstance compasses is checked showing, but general meeting informs ahead of schedule and agree time, ask to offer before the examination add up to rule requirement relevant file. Individual and special situation is likely not via making an appointment, undertake assault spot is checked;
Office inspection: The person that FINTRAC superintends an official to also can inform MSB license plate of hold carries relevant file to accept an inspection to FINTRAC office.


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