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This is a call for speakers! Hello! The Canadian Money Service Business Association (CMSBA) is excited to announce that we will once again be hosting spring training sessions in the following cities/dates; - Vancouver (May 3rd) - Montreal (May 10) - Toronto (May 24) These events are always a highlight for CMSBA members, and we…

The Canadian Money Services Business Association Announces New Executive Director

Dear members of ACMLTF, On February 21, 2019, the Government tabled its official response to the House of Commons Finance Committee’s report on recommendations to improve Canada’s anti-money laundering and anti-terrorist financing regime. The government response may be accessed at: http://www.ourcommons.ca/DocumentViewer/en/42-1/FINA/report-24/response-8512-421-468 Thank you to all those who provided submissions and shared their views on the…

Today Feb 12th the RCMP announced the dismantling of a major Money Laundering network. Please click the link below for more information http://www.grc.gc.ca/en/news/2019/collecteur-project-a-vast-money-laundering-network-dismantled

FINTRAC released its first Terrorist Financing Assessment 2018 which provides a baseline assessment of the terrorist activity financing risks presented by various countries and terrorist organizations within those countries. Terrorist Financing Assessment: http://www.fintrac-canafe.gc.ca/intro-eng.asp

These amendments set out criteria for identifying individuals with significant control over a corporation. It also sets out a requirement for a corporation that meets certain criteria to keep a register of individuals with significant control and requirements respecting the information to be recorded in it. Finally, it includes applicable offences and punishments. The amendments…

In a important decision handed down on July 20, 2018, the Quebec Superior Court ordered the Toronto-Dominion Bank (“TD”) to pay To read more here

The proposed amendments have been published to Part I of the Canada Gazette for public consultation. (more…)

On July 7, 2017, the Department of Finance released the attached consultation paper that may have an impact on all entities that are involved in the retail payment space to ensure that with the evolution of the retail payments ecosystem enabled by technological advancement, payment services remain reliable and safe for end users To review…