2021Jun19 - ABadour MBeyo (1)

Unique AML Requirements for Prepaid Cards

Ana Badour of McCarthy Tetrault and Michelle Beyo of Finavator Inc discuss with Nelu Sund about the unique AML requirements that will apply to “prepaid payment products” and “prepaid accounts” following amendments to the regulations under the Proceeds of Crime (Money Laundering) and Terrorist Financing Act (the “PCMLTFA”) that will go into effect on on June 1, 2021.