Recently, the Bank of Canada released Supplementary Materials that can be consulted in parallel to the official Retail Payment Activities Act Guidance to help support PSPs. 📎
These resources include an overview of compliance obligations under the RPAA and RPAR, along with a list of questions to help PSPs assess and achieve requirements.
Operational risk and incident response: At a glance
Safeguarding of end-user funds: At a glance
The AML Shop currently works with over 30 companies with their RPAA programs, guidelines and registration. If you would like to work with us, email us at contactus@theamlshop.ca