Canadian AML Firm, Outlier Demystifies Digital Currency Requirements
Although Digital Currencies such as bitcoins and litecoins have widespread acceptance in the virtual currency world, they are not recognized as currency in Canada, but will soon be subject to Canadian anti money laundering (AML) Regulations. Outlier, a company that provides AML consulting services and strategies recommends that dealers in digital currency understand the standards that apply to Money Services Businesses (MSBs) in Canada as per the Canadian while awaiting the draft regulations, which are expected later this year.
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