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Money Services Companies (MSBs) have certain obligations under the Proceeds of Crime (Money Laundering) and Terrorist Financing Act (PCMLTFA) and various regulations to help combat money trafficking and terrorist financing in Canada. If your business is one of these businesses, you need to be aware of all the obligations that apply to you, which include…

More recently, Mastercard customers can purchase, sell and store cryptocurrency using customized cryptocentric capabilities to increase loyalty and facilitate the issuance of branded cryptocurrency debit cards and credit cards. Mastercard and Bakkt have announced a diversified partnership to make it easier for merchants, banking institutions and fintech companies in America to accept and offer a…

Over the past few decades, the organization of Forex trading has undergone significant changes. Not so long ago, in the late 90s, there was a special software designed for trading, which was a separate trading platform or trading terminals. With the introduction of such programs, the activities of traders have been somewhat facilitated. For more…

As your financial business grows, you will need to change to adapt to new circumstances. Assessing your operational strategies to see how you can enhance your service and turnover is always a good practice. Running a financial business requires forging strong relationships with customers. Of the same importance is managing a team, creating and maintaining…

E-money is digital representation of cash. They can be used to carry out payments with or without a bank account. A big advantage is non-cash payment system allowing you to quickly and easily make transfers of any size. These assets are designed for making it easier for users to complete electronic deals. E-money value is…

Do you want to know if you need to buy the premium version of the application? We suggest that you familiarize yourself with the list of recommendations that will help you make the right choice. There are a lot of mobile apps for sale and the most important aspect here is not to fail. It…

Sweden is a jurisdiction with quite interesting holding legislation. Not only tax policy regarding dividends and capital growth in the country is compared with the concepts of Cyprus, but also at the same time in Sweden, tax-free distribution of resources within certain enterprises is allowed. A trust in Sweden is quite flexible, but at some…

Now an increasingly popular type of business is the purchase of a hotel. At first, investments in the hotel business seem large, but with the right planning and running of this business, they will pay off very soon. To purchase a hotel business, you need to raise funds for the first installment. In addition, finance…

MSB is a virtual currency exchange. Financial permission is used for supervising firms involved in exchange activities, including cross-border financial transfers, currency exchange, (including digital currencies/virtual currencies), ICO issuance, provision of prepaid goods, issuing traveller’s checks, etc. Organizations involved in the aforementioned related deals have to apply for MSB authorization for conducting activities legally. On…

Fuel provision is an essential service in South Africa that contributes over 6% to the country’s GDP. It is also one of the most inelastic South African industries that can perform well in recessions. If you are experienced in the fuel industry, you can set up an independent station or purchase an existing franchise opportunity…

Australia is the jurisdiction that provides businesses with a favorable environment for development and work. One of the most promising and demanded directions in the state is the sphere of financial services. Under Corporate Law, a person engaged in a financial services business must acquire a Financial Services License (AFSL) in Australia by submitting a…

In the United States, cryptocurrency exchanges have legal status and are governed by the provisions of the Bank Secrecy Act – BSA. In practical terms, this implies that cryptocurrency exchange service providers undertake to obtain the appropriate license from FINCEN, involve the AML/CFT program in their activities, keep the necessary records and send reports to…