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non-banks

By McCarthy Tétrault LLP | 6 Minutes Read August 23, 2021

The Bank for International Settlements issues paper on the regulation of digital payment services and e-money

In early July 2021, the BIS issued a paper on the regulatory requirements for digital payment and e-money services offered by non-bank service providers (“non-banks”). The paper addresses the proliferation of non-banks in retail payments and the questions that are related to their regulation.

Article by McCarthy Tétrault LLP / Business, Finance and Accounting / An Act Respecting Retail Payment Activities, Anti-money laundering, Bank for International Settlements, BIS, counter terrorism financing, digital payment, digital payment services, e-money, electronic funds, FINTRAC, internal control, non-bank service providers, non-banks, Retail Payment Activities Act, risk management

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