NEW REGULATOR FOR MSBs IN QUEBEC: As of September 13, 2021 the Autorité des marchés financiers has ceased to deal with MSB applications and other MSB oversight matters, as this responsibility has been transferred to Revenue Quebec (RQ). Some information on the revised MSB license application process (including new forms)...
LVCTR, EFT changes, Travel Rule – Oh my where to begin!
June 1, 2021, has come and gone and while many of the RE's and MSBS have felt the relief for implementing changes by Dec1, 2021, it doesn’t mean that they should be resting on our laurels. In this session, we will be discussing the coming into force for the LVCTR,...
The unofficial guide for Dealers in Virtual Currencies (#DiVC) submitting #LVCTRs to #FINTRAC
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Recent FINTRAC exams challenges on Reasonable Grounds to Suspect
Recent FINTRAC exams challenges on Reasonable Grounds to Suspect
FINTRAC published its “Publication of updated and new guidance”
On May 4, 2021, FINTRAC published its “Publication of updated and new guidance” that referenced webpage updates on Compliance Program Requirements, 3rd Party, PEP FAQ, reporting, FMSB, and so much more. Through a CMSBA request and response from FINTRAC, those that were most important are listed below. As a Regulated Entity, it would...
Carinta Mannarelli chats it up with Adam Feldman of The AML Shop on up and coming regulations impact on MSBs
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Letter to the Minister of Finance, Finance Canada, and FINTRAC on behalf of Dealer in Virtual Currencies Request a deferral to June 1, 2021 Coming into Force
Re: Seeking a nine-month deferral of the Coming into Force dates for selected changes to the PCMLTFR1 and PCMLTFRR2 Rationale: To give FINTRAC and Reporting Entities (RE) the opportunity to provide adequate notice for Canada to align with international standards and expectations Read more