E-12.000001 - Money-Services Businesses Act
12.1. The Minister may refuse to issue a licence to a money-services business,
(1) if the business’ activities are incommensurate with its legal sources of financing;
(2) if a reasonable person would conclude that the business is lending its name to, or is the extension of, another business that would be unable to obtain a licence under this Act; or
(3) if the business’ structure enables it to evade the application of this Act or of a fiscal law.