Already a multi-billion dollar industry supported by a trillion dollar asset class, Bitcoin-backed loans and other secured lending arrangements involving crypto assets continue to grow in variety, scope, and access, and offer borrowers access to capital that, as with traditional lending arrangements, can be used to finance businesses, homes, cars, and other personal property.
FINTRAC Mortgage Sector Compliance Checklists
FINTRAC’s mortgage sector guidance makes clear that anti-money laundering and anti-terrorist financing compliance obligations are tied to the specific role