On March 7th 2023, the Retail Payment Activities Act Committee (RPAC) held a meeting to discuss proposed Regulations for the Retail Payment Activities Act, as published in Part I of the Canada Gazette.
We want to extend a reminder to you that the comment period is open and ends on March 28th, 2023.
At The AML Shop, our experts are busy reviewing and curating analysis with the CMSBA to drive forth feedback to the committee. We would like to call out to our Subject Matter Experts and other followers to supply any important feedback to us that you would like to be communicated to the Bank of Canada; we will consider your feedback in our analysis to determine our final comments.
A full summary of notes from the RPAC meeting is here
You may forward your feedback and comments to contactus@theamlshop.ca and as always, if you have any questions or need help with your AML compliance, be sure to reach out.