Letter to Prime Minister of Canada
Our response to COVID-19 and Essential Services/ Notre réponse face au COVID-19 et aux services essentiels
https://mailchi.mp/c3c8948ac50c/the-canadian-msb-association-spring-training-sessions-are-back-4157473
Canadian MSB Association Update – July 5, 2019
We are hoping to do these on a more frequent basis. If you want to get plugged into more current releases and other information, we highly recommend following us on Twitter and LinkedIn as we provide lots of information, news links, and regulatory updates there as they come out. Twitter:...
Quebec Revenue to be entrusted with MSB Act over next 5 years
According to the Quebec Budget Act 2019, the administration of the Money Service Business Act will be entrusted to Quebec Revenue from the AMF it cites this “will enable departments and bodies to better prevent the risks and more effectively combat incidents of fraud by leveraging the Sûreté du Québec's...
Money Services Business Obtains Injunction To Suspend De-Risking By Credit Union
In a recent decision in the matter of Net Xpress Intl. Inc. v. Fédération des Caisses Desjardins du Québec (« Net Xpress »), the Superior Court of Quebec issued an interlocutory injunction to prevent the de-risking of a money services business by a credit union. See PDF Document: Comment-on-Net-Xpress-Case
New Quebec MSB case
On February 6 2019, the Superior Court of Quebec granted an injuction to reinstate a MSB into its membership rights with its credit union, following a de-risking measure that excluded the MSB on the basis of « intolerable risk ». Excerpts from a blog where accusations were made with respect...
Bank of Canada Monetary Policy Report – April 2019
The Bank’s new forecast calls for real economic growth of 1.2 per cent this year, 2.1 per cent next year and 2.0 per cent in 2021. For more information Click Here