MNP LLP Anti-Money Laundering Compliance Blog

Monthly Archives: January 2012

Risk or Reward: Serving Money Services Businesses

By Matthew McGuire | January 19th, 2012
Recently the Deposit Insurance Corporation of Ontario released an advisory which outlines the procedures they expect credit unions to follow when providing banking services to Money Services Businesses. We’ll summarize the risks and rewards of serving MSBs, the procedures DICO’s suggests, and outline the MSB screening and monitoring services. Read the full post here.
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The FINTRAC Exam Defenders Web Site Launched

By Matthew McGuire | January 16th, 2012
The stakes are high during a FINTRAC examination.  Deficiencies can lead to significant penalties, negative press, and soured business relationships.  The new site: FINTRACExamDefenders.ca provides resources to help companies understand the FINTRAC examination process, and direct them to professionals who specialize in protecting them from damage to their assets and reputation. Why this Resource Now? [...]
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