Post by The Soltesz Institute

Your Funds Aren't Safe: The Shocking Truth About Canada's Light-Touch MSB Licences. Over the years, countless businesses have opened "bank accounts" with FinTechs, assuming their money was protected simply because the company was regulated. That assumption can be an expensive mistake. While FINTRAC has tightened its oversight in recent years, a Canadian Money Services Business (MSB) licence remains one of the fastest and most accessible financial registrations available. In the wrong hands, that low barrier to entry can also attract bad actors. If you're trusting a FinTech with your business funds, it's worth understanding what an MSB licence actually does, and just as importantly, what it doesn't. 📖 Read how easy is to set up and run your own: https://lnkd.in/eebH4T2T