BAX has direct experience dealing with Canadian financial services regulatory bodies including FSRA, FINTRAC and OSFI and can assist with risk -management and compliance strategies

BAX advises payment processors and participants in the Blockchain, FinTech and crypto asset sectors on federal regulatory requirements including registration as a money service business (MSB) with FINTRAC; FINTRAC’s anti-money laundering regulations and the Bank of Canada’s regulatory framework for payment processors.

BAX also provides, mortgage lenders, administrators and brokers with respect to their mortgage businesses including compliance with enhanced know your client and suitability requirements and navigating the new syndicated mortgages rules.

If you are a mortgage broker, administrator or agent facing an allegation by FSRA of non-compliance with the regulations set out in the Financial Services Regulatory Authority of Ontario Act or the Mortgage Brokerages, Lenders and Administrators Act, BAX can assist. 

We advise a wide range of participants in the financial services area including banks, credit unions, insurance companies, pension plans, investment dealer and other financial institutions on a wide range of issues including the establishment of new entities, products and the federal and provincial regulatory compliance requirements