FINTRAC | Jotup

Connect with the best thinkers, leaders and innovators in payments at The SUMMIT

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수요일, 5월 8, 2024

FINTRAC, Interac, Ecosystem, Artificial intelligence, Bank of Canada, Payments Canada, Supervision, Automotive Building, Bank, System, Australian Payments Network, Medicine, Growth, IBM

With over 200 speakers and 1,800 in-person attendees, The SUMMIT will be a dynamic and thought-provoking gathering of Canadian and international leaders from across the payment ecosystem.

Key Points:

With over 200 speakers and 1,800 in-person attendees, The SUMMIT will be a dynamic and thought-provoking gathering of Canadian and international leaders from across the payment ecosystem.
This year, The SUMMIT will explore a wide range of topics central to the future of payments in Canada and around the world, including artificial intelligence, cyber security and faster payments.
Ron Morrow, Executive Director, Payments, Supervision and Oversight, Bank of Canada discussing the evolution of the Canadian payments ecosystem and upcoming changes to retail payments supervision.
The SUMMIT provides a unique opportunity to connect with peers, learn about the latest trends and innovations, while shaping the future of payments in Canada.

JSOT criminally charges Kathleen Debra Kelley with fraud and money laundering

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수요일, 5월 1, 2024

Database transaction, FINTRAC, Alberta Securities Commission, The Criminal Code, ASC, Justice, Partnership, AB, Criminal code, Crime, JSOT, IMET, Fraud, Private investigator

Kelley has been charged with one count of fraud over $5,000 contrary to section 380(1)(a) and one count of laundering the proceeds of crime contrary to section 462.31(1)(a) of the Criminal Code.

Key Points:

Kelley has been charged with one count of fraud over $5,000 contrary to section 380(1)(a) and one count of laundering the proceeds of crime contrary to section 462.31(1)(a) of the Criminal Code.
JSOT gratefully acknowledges the assistance of the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) in this matter.
JSOT investigates and prosecutes quasi-criminal cases under the Securities Act (Alberta) and certain securities-related criminal offences under the Criminal Code.
The IMET is a specialized unit under the RCMP Federal Policing program that detects, investigates, and deters market fraud.

Balance Achieves SOC 2 Type 2 Compliance as a Digital Asset Custodian

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목요일, 4월 11, 2024

Balance, Canada’s oldest and largest digital asset custodian, is excited to announce it has completed a SOC 2 Type 2 evaluation with a report date of March 28th.

Key Points:

Balance, Canada’s oldest and largest digital asset custodian, is excited to announce it has completed a SOC 2 Type 2 evaluation with a report date of March 28th.
SOC 2 Type 2 certifications are widely recognized as the industry standard when it comes to evaluating vendor security.
With its SOC 2 Type 2 complete, Balance takes one more major step towards its application to incorporate a trust with Alberta’s Treasury Board and Finance .
Over the past seven years, Balance successfully served digital asset exchanges, OTC and prop.

Pesa Launches Cost Competitive and Convenient Remittance Services To India

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목요일, 4월 11, 2024

Personal Finance, Apps, Applications, Mobile, Wireless, Technology, Payments, Finance, Fintech, Other Technology, Professional Services, Digital Cash Management, Digital Assets, FINTRAC, Interac, African, Family, Traction, Cryptocurrency

Pesa , a Canadian cross border financial services provider, announced today its expansion into India following impressive results serving the West African diaspora (Nigeria, Ghana, Cameroon).

Key Points:

Pesa , a Canadian cross border financial services provider, announced today its expansion into India following impressive results serving the West African diaspora (Nigeria, Ghana, Cameroon).
Anyone in Canada can access Pesa’s new India remittance service by signing up or downloading the app via the company’s website .
To support its India expansion, Pesa will hire local payment experts and open an office in India this year.
We are excited to now make our affordable, fast, and secure remittance services available to the Canadian-Indian diaspora,” said Osho.

Federal Budget 2024: United Brotherhood of Carpenters welcomes federal emphasis on housing and continued support for apprenticeship training but looks for increased efforts to combat tax fraud in the construction industry

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목요일, 4월 18, 2024

FINTRAC, UBC, Social Development Canada, Statistics, Housing, Member of parliament, Gross domestic product, United Brotherhood, Canada Revenue Agency, GDP, Union, Red Seal, Parliament, Government, Statistics Canada, Construction

Carpenters and other construction workers are key to building houses and Canada needs many diverse and well-trained tradespersons to address the national housing crisis.

Key Points:

Carpenters and other construction workers are key to building houses and Canada needs many diverse and well-trained tradespersons to address the national housing crisis.
The United Brotherhood of Carpenters (UBC) welcomes Budget 2024's emphasis on housing while pointing out that more support is needed for workers on the frontline who build homes.
Budget 2024 rightfully focuses on expanding the much-needed supply of skilled trades labour by continuing to fund the successful Apprenticeship Service Program.
Construction industry tax fraud, labour trafficking and the underground economy hurt everyone and cost the Canadian economy billions.

ASC alleges market manipulation scheme of Softlab9 Software Solutions Inc. shares

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화요일, 4월 9, 2024

Database transaction, FINTRAC, ASC, AB, CIRO, Financial Industry Regulatory Authority, FINRA, Alberta Securities Commission

Rahim Shiraz Ali Abdul Karim Karmali Mohamed) and Alnoor Fatehali Nathoo, and British Columbia residents Marc Evan Levy and Michael Baron.

Key Points:

Rahim Shiraz Ali Abdul Karim Karmali Mohamed) and Alnoor Fatehali Nathoo, and British Columbia residents Marc Evan Levy and Michael Baron.
The Notice of Hearing alleges that the group engaged in a market manipulation scheme and committed insider reporting violations in breach of Alberta securities laws.
ASC Staff allege the group engaged in a pattern of trading that involved market manipulation hallmarks of upticks, downticks, high closes, wash trades and bid support.
As a member of the Canadian Securities Administrators, the ASC works to improve, coordinate and harmonize the regulation of Canada's capital markets.

DMG Blockchain Solutions Announces Investment in Digital Asset Custody Solution

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목요일, 2월 22, 2024

Crypto, DMG, Fidelity, FINTRAC, Meta Platforms, TC Energy, Alberta Securities Commission, State-owned enterprise, CAD, LLB, Head, Ethics, Marketing, Bank, MBA, CFE, CFA, CBV, Cloud computing, PLG, AML, MEM, GTM, Carbon, FATF, Meta, Trust, Bank of America, Insurance, TSX, Public sector, MLRO, CFP, Family, International (Amtrak train)

VANCOUVER, British Columbia, Feb. 22, 2024 (GLOBE NEWSWIRE) -- DMG Blockchain Solutions Inc. (TSX-V: DMGI) (OTCQB US: DMGGF) (FRANKFURT: 6AX) (“DMG”), a vertically integrated blockchain and data center technology company, announces it has committed CAD $3.5 million to establish a Calgary, Alberta based independent digital asset custody solution for institutional clients.

Key Points:

VANCOUVER, British Columbia, Feb. 22, 2024 (GLOBE NEWSWIRE) -- DMG Blockchain Solutions Inc. (TSX-V: DMGI) (OTCQB US: DMGGF) (FRANKFURT: 6AX) (“DMG”), a vertically integrated blockchain and data center technology company, announces it has committed CAD $3.5 million to establish a Calgary, Alberta based independent digital asset custody solution for institutional clients.
The capital commitment for this digital asset custody solution will be made over time and as required to support the regulatory review process.
Sheldon Bennett, CFE, MBA - CEO and Director of DMG Blockchain Solutions and Chair of Systemic Trust.
Most recently as Binance Canada’s Chief Technology Officer, he spearheaded the implementation and launch of its Crypto Trading Platform and digital asset custody service.

Canada’s EQ Bank Partners With Trulioo for Identity Document and Biometric Verification

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목요일, 2월 15, 2024

Online Privacy, Technology, Finance, Security, Fintech, Banking, Other Technology, Professional Services, Software, Data Management, Friction, FINTRAC, Bank, ID, Customization, EQ Bank, Partnership, Security printing

EQ Bank chose Trulioo Identity Document Verification , Workflow Studio and Business Verification to streamline customer and business onboarding.

Key Points:

EQ Bank chose Trulioo Identity Document Verification , Workflow Studio and Business Verification to streamline customer and business onboarding.
After a thorough market assessment, EQ Bank selected Trulioo Identity Document Verification to capture and verify an ID document and selfie when customers open accounts online – a critical exercise for a seamless digital banking experience.
EQ Bank leveraged Trulioo Workflow Studio – a no-code, drag-and-drop workflow builder – for fast, flexible Identity Document Verification integration.
We look forward to our ongoing collaboration as EQ Bank drives change in Canadian banking.”
For more information about Trulioo, please visit trulioo.com .

Balance Relocates to Alberta

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목요일, 1월 25, 2024

Balance, Canada’s oldest and largest digital asset custodian, is pleased to announce that it has moved its corporate headquarters and relocated its core business from Toronto, Ontario to Calgary, Alberta.

Key Points:

Balance, Canada’s oldest and largest digital asset custodian, is pleased to announce that it has moved its corporate headquarters and relocated its core business from Toronto, Ontario to Calgary, Alberta.
Registered in Alberta since 2021, Balance initially established an office in Edmonton, then subsequently moved it to Calgary, as its base of operations in the province.
We're grateful for our beginnings in Ontario and enthusiastic about the opportunities in Alberta.”, said Balance’s CEO, George Bordianu .
“We extend a warm welcome to Balance as the company relocates its office and team to Calgary, Alberta.”, said Rick Christiaanse , the CEO of Invest Alberta.

Multigate Ramps up Its Remittances Operations in East Africa

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수요일, 12월 13, 2023

Transfer, Bank, World Bank, Acquisition, Central bank, ARA, FINTRAC, MSB, Treasury, ISO, MRB

This further solidifies the company's position as a critical player in the African remittance and treasury management industry.

Key Points:

This further solidifies the company's position as a critical player in the African remittance and treasury management industry.
“As we continue to expand our operations in East Africa, we are excited to have been granted the regulatory approval for remittances into Kenya, a key market for our regional presence.
Additionally, Multigate became the first Pan-African-based technology company to be certified as a SWIFT Lite2 Business Application Provider (L2BA), with ISO 20000, 22301, and 27001 certifications.
Remittances to Nigeria, accounting for around 38 per cent of total remittance inflows to the region, increased by 3.3 per cent to $20.1 billion.