All posts tagged: Money-Services Businesses Act

Quebec financial regulator cracking down on illicit money-services businesses

Quebec’s financial watchdog is cracking down on businesses that illegally run a money-services business.

Why it matters: So far this year the AMF announced that 11 small businesses or individuals pled guilty before the Court of Quebec to illictly operating a money-services business, the overwhelming majority of whom were fined $15,000 for each infraction.