Canadian Money Service Business Association

Proceeds of Crime (Money Laundering) and Terrorist Financing Act and associated Regulations, Income Tax Act, Retail Payments Activity Act and associated regulations, and Bank Act To ensure that concerns of the Money Service Businesses of Canada have a voice in the discussion, drafting, and creation of policies and regulations surrounding the aforementioned that may affect and impact the Money Service Business industry in Canada.

Amend section 77.5(3)(a) of Bill C-2 to explicitly include paragraphs 5(h) & (h.1) of the PCMLTFA, thereby ensuring that regulated MSBs are not excluded from lawful access to cash-based transactions.