Report on the Application of the Money-Services Businesses Act

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Québec, April 13, 2017 — Minister of Finance Carlos Leitão tabled the Report on the Application of the Money-Services Businesses Act.

The report states that the application of the Act has been positive. It concludes that the measures adopted to bolster the fight against economic crime in the money-services business sector have had a beneficial impact. However, it points out that a number of adjustments could be made to the Act so that it is more effective in attaining its objectives.

Report on the Application of the Money-Services Businesses Act (2.85 Mb)

Public consultation

Interested persons are invited to read the report and submit, in writing, all relevant comments, as well as their answers to the questions in Appendix 2.

Submissions must be sent before June 23, 2017 to one of the following addresses:

Richard Boivin
Assistant Deputy Minister ‒ Policies Respecting Financial Institutions and Corporate Law
Ministère des Finances
8, rue Cook, 4e étage
Québec (Québec)  G1R 0A4

Email address : consultation_esm@finances.gouv.qc.ca.

All comments received will be published on the Department’ website, unless the author explicitly requests otherwise.

Brief tabled during the consultation

ATM Industry Association (ATMIA) [Available in French only]
Letter from Chris Chandler | Brief