This week, the Bank of Canada published their Supervisory Framework related to the Retail Payment Activities Act (RPAA).
There are several important changes for Payment Service Providers that will be regulated under the RPAA. The AML Shop is here to help your business maintain compliance and navigate the three pillars of the Bank of Canada's latest framework: Registration, Risk Monitoring and Enforcement.
Whether you are a MSB that needs to register as a Payment Service Provider under the RPAA or an existing Payment Service Provider, The AML Shop is your partner in RPAA compliance. Contact one of our AML Advisors today for more information and to get started.