What is the difference between F2R enrolment, MSB organizational set-up and MSB registration?
These terms apply only for those who have electronic technical capabilities which are a personal computer and an Internet connection. F2R enrolment This is the process for your business to get access to FINTRACs electronic reporting tool (F2R). F2R enrolment is only to submit reports electronically. Even if you are already enrolled with FINTRAC for electronic reporting, FINTRAC needs to set up your organization for electronic MSB registration. MSB organizational set-up This is the process for FINTRAC to gather information about your MSB prior to MSB registration. This allows FINTRAC to issue you a user ID and password to register your business electronically. The organizational set-up does not register your MSB. It is a step before registration. MSB registration This is the process for your money services business to register with FINTRAC. To register electronically, you have to access the registration secure Web site and log on using your organization number, user ID and password. You
