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).

Licence Classes and Fees

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

Registered Entities

The Financial Services Unit is responsible for the registration and regulation of the following entities:


The entities not listed on the website are not authorised to do business in the Commonwealth of Dominica