Regulatory Alerts2024-11-15
Added · Updated
Risk-based Supervision of Approved Money Brokers
The regulator issued Supervisory Policy Manual Module MB-1 on November 15, 2024, to establish a risk-based framework for the supervision of approved money brokers. This new module replaces previous guidelines and introduces updated supervisory expectations for the approval and ongoing oversight of money broker activities. The policy aims to strengthen regulatory oversight by aligning supervisory intensity with the specific risks posed by these financial intermediaries.
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