Recent Posts by Carlos Torres

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: https://twitter.com/CMSBA LinkedIn: https://www.linkedin.com/company/canadian-msb-association/ 1. Money…
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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 expertise in penal and criminal…
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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 to a co-owner of the…
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