Category: Regulation


Amber D. Scott, Compliance Nerd

Ask Amber: Grace Period for MSB Licenses from Quebec’s AMF? No Comments

Hey Compliance Nerd! I want to start serving clients in Quebec. I've already got a respondent, since I don't have offices in Quebec...  but my respondent is telling me that it could take as long as six (6) months to get a license under Quebec's MSB Act?!? What's up with the time that this takes?  Is there a "grace period" or something that would let me start serving clients ASAP once I've submi...


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Ethereum Co-Founder to Address National Crowdfunding Summit in Closing Keynote No Comments

March 3, 2016, the 2nd annual National Crowdfunding Association of Canada Crowdfunding Summit will be held at the MaRS Discovery District in Toronto. Keynotes and panels at the summit provide insights about innovations in global finance and the sharing economy, impact investing, economic growth and market trends, regulatory updates and a fearless look at the future. This year's theme is "Th...


NewsBTC CA Amber

Ask Amber: Are AML Clearance Certificates a Scam? No Comments

Hey Compliance Nerd! I got an email from a customer asking for an “AML Clearance Certificate” from us. The customer’s email said that this was something that their bank had requested, and that once they had it, they would start doing a lot more trading. They even sent us a link to a site that would apparently issue the certificate once background checks were conducted, but something didn’...


NewsBTC CA Amber

Voluntary FINTRAC Reporting No Comments

Hey Compliance Nerd! We buy and sell Bitcoin and a few altcoins in Canada, but we’re not a regulated entity under Canada’s AML rules. When we think that something shady is happening, we stop dealing with certain customers… Should we also be telling anyone about it if we suspect that there may be money laundering involved? We’re not sure who to talk to, and we want to make sure that we...



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8 Things You Should Know About Bitcoins No Comments

8 Things You Should Know About Bitcoins by Jeanie Freshie Thank you for spending your reading time with another of my articles about Bitcoins. The more I learn about Bitcoin the more interesting it gets... Bitcoin continues to grow in popularity and there are lots of things to know about Bitcoins. The digital currency is the first decentralized digital currency and includes a great ecosyste...




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