Fintech in Canada Q1 2024
Written By Matt Flynn, Simon Grant and Kwang Lim
April 4, 2023
From the enactment of the Retail Payments Activities Act to the release of OSFI's Guideline B-13 – Technology and Cyber Risk Management, Canada's fintech landscape is in a state of constant evolution. Our Q1 2024 update provides a deep dive into crucial regulatory developments affecting the industry, identifying key guidance to help navigate these intricate regulatory changes seamlessly. Key topics include:
- considerations for the use of generative AI in a business;
- potential changes to Canada's anti-money laundering and anti-terrorist financing rules;
- new registration requirements for money services businesses in British Columbia; and
- the SEC filing against Binance.
Bennett Jones