As a money service business (MSB), Shakepay is currently regulated by FINTRAC and the Autorité des marchés financiers. This means there are certain guidelines Shakepay must adhere to in order to operate as a business.
There are some new regulations coming into effect on June 1, 2021. Because of this, we'll need to ask customers some additional questions in order to remain compliant.
For more information on these requirements, please visit https://www.fintrac-canafe.gc.ca/intro-eng