MSB (Money Services Business)
A Money Services Business license covers activities such as money transmission, currency exchange, cheque cashing, and the issuance or redemption of payment instruments. It is one of the most widely recognised frameworks for remittance and currency-handling operations, particularly across North America.
MSBs are subject to robust registration, reporting, and record-keeping requirements designed to prevent financial crime. Holding an MSB license signals to banking partners and customers that the business maintains a mature compliance program, making it a foundational license for cross-border payment and remittance companies.
