BASIC INFORMATION ON MSB

Definition of money services business

Under The Money Services Business Act #8 of 2010 the term Money services Business is defined as the business of providing (as a primary business) any one or more of the following:-

• Money Transmission;
• Cheque Cashing;
• Currency Exchange;

The Issuance or, sale or redemption of money orders or travellers checks; Such other services as the Governor in Council may specify by notice published in the Gazette; or The business of operating as a franchise holder of a business mentioned under (1).

• Checklist
• Application form
• Money Services Business Act #8 of 2010

An in-depth article on the Money Services Business is available for more reading.