Comments on: Canada DGC Biz Beware, FINTRAC Compliance http://www.dgcmagazine.com/blog/index.php/2009/09/02/canada-dgc-biz-beware-fintrac-compliance/ Gold = Real Money Fri, 20 Jan 2012 18:42:30 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Sylvain http://www.dgcmagazine.com/blog/index.php/2009/09/02/canada-dgc-biz-beware-fintrac-compliance/comment-page-1/#comment-1360 Sylvain Mon, 14 Sep 2009 19:45:09 +0000 http://www.dgcmagazine.com/blog/?p=2594#comment-1360 In September 2008, I contacted Fintrac and they confirmed that xgold.ca was NOT required to register. There was some change in the law last year and probably the two MSB are not DGC related. If the compliance cost is too high in term of internal administration, many exchangers will have to leave the market. In September 2008, I contacted Fintrac and they confirmed that xgold.ca was NOT required to register. There was some change in the law last year and probably the two MSB are not DGC related.

If the compliance cost is too high in term of internal administration, many exchangers will have to leave the market.

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