{ "jurisdiction_id": "CA-AB", "jurisdiction": "Canada – Alberta", "url": "https://payments.gi/jurisdictions/canada-alberta/", "generator": "render_jid v13.3.0", "date_modified": "2026-08-11", "schema_version": "world-payments-v1", "counts": { "modules": 14, "sourced_findings": 64, "source_register": 136 }, "modules": [ { "code": "W1a", "name": "Licensing, Authorisation & Market Access", "confidence": "Confirmed", "moved_this_cycle": true, "url": "https://payments.gi/jurisdictions/canada-alberta/#w1a-licensing-authorisation-market-access", "standing_position": "Alberta payment/MSB firms sit under a dual federal licensing stack: FINTRAC registration (AML/CTF gatekeeping) plus, since September 2025, Bank of Canada RPAA registration for non-bank PSPs. Alberta layers on the Financial Innovation Act sandbox and ASC dealer registration for crypto-asset trading platforms; there is no standalone Alberta money-transmitter statute.", "findings": [ { "finding": null, "instrument_type": "Proceeds of Crime (Money Laundering) and Terrorist Financing Act (PCMLTFA)", "source": "https://fintrac-canafe.canada.ca/msb-esm/msb-eng", "source_url": "https://www.bankofcanada.ca/core-functions/retail-payments-supervision/supervisory-framework-registration/", "source_tier": "1", "retrieved_at": "2026-07-04" }, { "finding": null, "instrument_type": "Retail Payment Activities Act (RPAA) / Retail Payment Activities Regulations (RPAR)", "source": "https://www.bankofcanada.ca/core-functions/retail-payments-supervision/supervisory-framework-registration/", "source_url": "https://fintrac-canafe.canada.ca/msb-esm/msb-eng", "source_tier": "1", "retrieved_at": "2026-07-04" }, { "finding": null, "instrument_type": "RPAA", "source": "https://www.bankofcanada.ca/regulatory-oversight/retail-payments/supervisory-framework/", "source_url": "https://fintrac-canafe.canada.ca/msb-esm/msb-eng", "source_tier": "1", "retrieved_at": "2026-07-04" }, { "finding": null, "instrument_type": "Financial Innovation Act (Alberta)", "source": "https://investalberta.ca/financial-services/", "source_url": "https://fintrac-canafe.canada.ca/msb-esm/msb-eng", "source_tier": "3", "retrieved_at": "2026-07-04" }, { "finding": null, "instrument_type": "Securities Act (Alberta) / NI 31-103", "source": "https://www.asc.ca/en/registrant-and-market-regulation/registrant-toolkit/crypto-asset-trading-platforms", "source_url": "https://fintrac-canafe.canada.ca/msb-esm/msb-eng", "source_tier": "1", "retrieved_at": "2026-07-04" }, { "finding": null, "instrument_type": "Retail Payment Activities Act (federal statute)", "source": "https://laws-lois.justice.gc.ca/eng/acts/r-7.36/FullText.html", "source_url": "https://fintrac-canafe.canada.ca/msb-esm/msb-eng", "source_tier": "1", "retrieved_at": "2026-07-04" } ] }, { "code": "W1b", "name": "Conduct, Safeguarding & Financial Promotions", "confidence": "Confirmed", "moved_this_cycle": true, "url": "https://payments.gi/jurisdictions/canada-alberta/#w1b-conduct-safeguarding-financial-promotions", "standing_position": "Conduct and safeguarding obligations for Alberta-touching payment activity are set federally via the RPAA safeguarding-of-funds framework and provincially via the Gift Card Regulation and High-Cost Credit Regulation under the Consumer Protection Act.", "findings": [ { "finding": null, "instrument_type": "RPAA s.20 / RPAR s.13,17", "source": "https://www.dlapiper.com/en-us/insights/publications/2024/11/operative-requirements-supervisory-guidelines", "source_url": "https://www.dlapiper.com/en-us/insights/publications/2024/11/operative-requirements-supervisory-guidelines", "source_tier": "2", "retrieved_at": "2026-07-04" }, { "finding": null, "instrument_type": "Gift Card Regulation (Alta Reg 146/2008), Consumer Protection Act", "source": "https://www.alberta.ca/information-about-gift-cards", "source_url": "https://www.alberta.ca/information-about-gift-cards", "source_tier": "1", "retrieved_at": "2026-07-04" }, { "finding": null, "instrument_type": "Gift Card Regulation (Alta Reg 146/2008)", "source": "https://www.canlii.org/en/ab/laws/regu/alta-reg-146-2008/latest/alta-reg-146-2008.html", "source_url": "https://www.alberta.ca/information-about-gift-cards", "source_tier": "1", "retrieved_at": "2026-07-04" }, { "finding": null, "instrument_type": "Consumer Protection Act / High-Cost Credit Regulation", "source": "https://alberta.ca/consumer-business-tips.aspx#toc-4", "source_url": "https://www.alberta.ca/information-about-gift-cards", "source_tier": "1", "retrieved_at": "2026-07-04" }, { "finding": null, "instrument_type": "Code of Conduct for the Payment Card Industry in Canada", "source": "https://www.canada.ca/en/department-finance/news/2024/10/government-reduces-credit-card-fees-by-27-per-cent-for-small-business-owners.html", "source_url": "https://www.alberta.ca/information-about-gift-cards", "source_tier": "1", "retrieved_at": "2026-07-04" } ] }, { "code": "W2", "name": "Stablecoins & Digital Money", "confidence": "High", "moved_this_cycle": true, "url": "https://payments.gi/jurisdictions/canada-alberta/#w2-stablecoins-digital-money", "standing_position": "Canada's stablecoin posture is unsettled between the CSA/ASC's securities-law treatment and a federal Stablecoin Act (Bill C-15 Div. 45, tabled Nov 4, 2025) creating a Bank of Canada issuer registry. Alberta's ATB Financial, alongside National Bank, backs Tetra Digital Group's CADD stablecoin, which launched May 4, 2026.", "findings": [ { "finding": null, "instrument_type": "Securities Act (Alberta) / CSA Staff Notice 21-327, 46-307", "source": "https://www.asc.ca/financial-innovation-in-the-capital-markets/crypto-assets-digital-assets", "source_url": "https://www.asc.ca/financial-innovation-in-the-capital-markets/crypto-assets-digital-assets", "source_tier": "1", "retrieved_at": "2026-07-04" }, { "finding": null, "instrument_type": "CSA Staff Notice 21-332", "source": "https://www.securities-administrators.ca/news/canadian-securities-regulators-strengthen-oversight-enhance-expectations-of-crypto-asset-trading-platforms-operating-in-canada/", "source_url": "https://www.blg.com/en/insights/2025/11/in-search-of-stability-canada-introduces-new-stablecoin-act", "source_tier": "1", "retrieved_at": "2026-07-04" }, { "finding": null, "instrument_type": "Stablecoin Act (federal, tabled 2025)", "source": "https://www.blg.com/en/insights/2025/11/in-search-of-stability-canada-introduces-new-stablecoin-act", "source_url": "https://www.blg.com/en/insights/2025/11/in-search-of-stability-canada-introduces-new-stablecoin-act", "source_tier": "2", "retrieved_at": "2026-07-04" }, { "finding": null, "instrument_type": "CSA Staff Notice 21-333 vs GENIUS Act / MiCA", "source": "https://www.torys.com/our-latest-thinking/torys-quarterly/q4-2025/stablecoins-in-canada", "source_url": "https://www.blg.com/en/insights/2025/11/in-search-of-stability-canada-introduces-new-stablecoin-act", "source_tier": "2", "retrieved_at": "2026-07-04" }, { "finding": null, "instrument_type": "N/A (market development)", "source": "https://thelogic.co/news/explainer/real-time-rail-instant-payment-canada/", "source_url": "https://www.blg.com/en/insights/2025/11/in-search-of-stability-canada-introduces-new-stablecoin-act", "source_tier": "3", "retrieved_at": "2026-07-04" } ] }, { "code": "W3", "name": "Operational Resilience & Critical Infrastructure", "confidence": "Confirmed", "moved_this_cycle": true, "url": "https://payments.gi/jurisdictions/canada-alberta/#w3-operational-resilience-critical-infrastructure", "standing_position": "Operational resilience for Alberta-touching non-bank PSPs is governed by the RPAA's operational risk management and incident response framework, in force since September 8, 2025, with material-incident notification and annual reporting obligations.", "findings": [ { "finding": null, "instrument_type": "RPAA s.17(1) Operational Risk and Incident Response Supervisory Guideline", "source": "https://www.bankofcanada.ca/wp-content/uploads/2024/02/operational-risk-and-incident-response.pdf", "source_url": "https://www.bankofcanada.ca/wp-content/uploads/2024/02/operational-risk-and-incident-response.pdf", "source_tier": "1", "retrieved_at": "2026-07-04" }, { "finding": null, "instrument_type": "RPAA incident notification guideline", "source": "https://www.bankofcanada.ca/core-functions/retail-payments-supervision/supervisory-framework-supervision/", "source_url": "https://www.bankofcanada.ca/wp-content/uploads/2024/02/operational-risk-and-incident-response.pdf", "source_tier": "1", "retrieved_at": "2026-07-04" }, { "finding": null, "instrument_type": "RPAA annual reporting requirement", "source": "https://www.blakes.com/insights/bank-of-canada-outlines-annual-reporting-requirements-for-registered-psps-under-the-retail-payment-a/", "source_url": "https://www.bankofcanada.ca/wp-content/uploads/2024/02/operational-risk-and-incident-response.pdf", "source_tier": "2", "retrieved_at": "2026-07-04" }, { "finding": null, "instrument_type": "RPAA incident materiality classification", "source": "https://complynorth.com/rpaa-incident-reporting-explained-when-and-how-to-notify-the-bank-of-canada/", "source_url": "https://www.bankofcanada.ca/wp-content/uploads/2024/02/operational-risk-and-incident-response.pdf", "source_tier": "3", "retrieved_at": "2026-07-04" } ] }, { "code": "W4", "name": "Scheme & Network Compliance", "confidence": "Confirmed", "moved_this_cycle": true, "url": "https://payments.gi/jurisdictions/canada-alberta/#w4-scheme-network-compliance", "standing_position": "Card-scheme compliance in Alberta operates under the national Code of Conduct plus federally negotiated Visa/Mastercard interchange concessions for small merchants, layered on Payments Canada's Lynx/ACSS bylaws and Interac's status as a Bank of Canada-designated prominent payment system.", "findings": [ { "finding": null, "instrument_type": "Visa/Mastercard interchange agreements; Code of Conduct for the Payment Card Industry", "source": "https://www.canada.ca/en/department-finance/news/2024/10/government-reduces-credit-card-fees-by-27-per-cent-for-small-business-owners.html", "source_url": "https://www.canada.ca/en/department-finance/news/2024/10/government-reduces-credit-card-fees-by-27-per-cent-for-small-business-owners.html", "source_tier": "1", "retrieved_at": "2026-07-04" }, { "finding": null, "instrument_type": "Payment Clearing and Settlement Act (PCSA) designation", "source": "https://www.interac.ca/en/content/life/keeping-your-digital-payments-secure/", "source_url": "https://www.canada.ca/en/department-finance/news/2024/10/government-reduces-credit-card-fees-by-27-per-cent-for-small-business-owners.html", "source_tier": "2", "retrieved_at": "2026-07-04" }, { "finding": null, "instrument_type": "Payments Canada bylaws, rules and standards", "source": "https://www.payments.ca/payments-canada-launches-lynx-canadas-new-high-value-payment-system", "source_url": "https://www.canada.ca/en/department-finance/news/2024/10/government-reduces-credit-card-fees-by-27-per-cent-for-small-business-owners.html", "source_tier": "1", "retrieved_at": "2026-07-04" }, { "finding": null, "instrument_type": "Code of Conduct for the Payment Card Industry (compliance monitoring)", "source": "https://www.cfib-fcei.ca/en/media/lower-visa-and-mastercard-fees-for-small-business-start-this-week-but-stripe-plans-to-ignore-ottawa-and-keep-the-savings-for-itself", "source_url": "https://www.canada.ca/en/department-finance/news/2024/10/government-reduces-credit-card-fees-by-27-per-cent-for-small-business-owners.html", "source_tier": "3", "retrieved_at": "2026-07-04" } ] }, { "code": "W5", "name": "Payment Corridor Dynamics", "confidence": "High", "moved_this_cycle": true, "url": "https://payments.gi/jurisdictions/canada-alberta/#w5-payment-corridor-dynamics", "standing_position": "Alberta payment corridors run through national rails: Lynx (ISO 20022 wholesale), the RTR (phased rollout beginning Q4 2026, full access 2027), and Interac e-Transfer for retail transfers. No distinct Alberta cross-border corridor regime exists.", "findings": [ { "finding": null, "instrument_type": "ISO 20022 messaging standard", "source": "https://www.electronicpaymentsinternational.com/features/canada-finally-to-get-real-time-payments-open-banking/", "source_url": "https://thelogic.co/news/exclusive/payments-canada-rtr-phased-rollout/", "source_tier": "3", "retrieved_at": null }, { "finding": null, "instrument_type": "Real-Time Rail (RTR)", "source": "https://thelogic.co/news/explainer/real-time-rail-instant-payment-canada/", "source_url": "https://thelogic.co/news/exclusive/payments-canada-rtr-phased-rollout/", "source_tier": "3", "retrieved_at": null }, { "finding": null, "instrument_type": "Interac e-Transfer / Lynx / RTR corridor stack", "source": "https://www.transfi.com/blog/canadas-payment-rails-how-they-work---interac-lynx-real-time-payments-rtr", "source_url": "https://thelogic.co/news/exclusive/payments-canada-rtr-phased-rollout/", "source_tier": "3", "retrieved_at": null }, { "finding": null, "instrument_type": "Real-Time Rail", "source": "https://www.payments.ca/real-time-rail-where-are-we-now", "source_url": "https://thelogic.co/news/exclusive/payments-canada-rtr-phased-rollout/", "source_tier": "1", "retrieved_at": null } ] }, { "code": "W6", "name": "Industry Structure & Commercial Dynamics", "confidence": "High", "moved_this_cycle": true, "url": "https://payments.gi/jurisdictions/canada-alberta/#w6-industry-structure-commercial-dynamics", "standing_position": "Alberta hosts a maturing Calgary/Edmonton fintech cluster alongside ATB Financial, sitting atop a Canadian market structure now being reshaped by RPAA-driven Payments Canada membership expansion.", "findings": [ { "finding": null, "instrument_type": "N/A (market structure)", "source": "https://investalberta.ca/financial-services/", "source_url": "https://www.electronicpaymentsinternational.com/features/canada-finally-to-get-real-time-payments-open-banking/", "source_tier": "3", "retrieved_at": "2026-07-04" }, { "finding": null, "instrument_type": "Canadian Payments Act amendments", "source": "https://www.electronicpaymentsinternational.com/features/canada-finally-to-get-real-time-payments-open-banking/", "source_url": "https://www.electronicpaymentsinternational.com/features/canada-finally-to-get-real-time-payments-open-banking/", "source_tier": "3", "retrieved_at": "2026-07-04" }, { "finding": null, "instrument_type": "Payments Canada membership structure", "source": "https://www.payments.ca/payments-canada-launches-lynx-canadas-new-high-value-payment-system", "source_url": "https://www.electronicpaymentsinternational.com/features/canada-finally-to-get-real-time-payments-open-banking/", "source_tier": "1", "retrieved_at": "2026-07-04" }, { "finding": null, "instrument_type": "N/A (market structure)", "source": "https://calgary.tech/2026/02/03/neo-financial-major-calgary-fintech-milestone/", "source_url": "https://www.electronicpaymentsinternational.com/features/canada-finally-to-get-real-time-payments-open-banking/", "source_tier": "3", "retrieved_at": "2026-07-04" } ] }, { "code": "W7", "name": "Legal & Litigation", "confidence": "Confirmed", "moved_this_cycle": true, "url": "https://payments.gi/jurisdictions/canada-alberta/#w7-legal-litigation", "standing_position": "Alberta has been an active venue for interchange class actions against Visa/Mastercard/issuing banks, alongside FINTRAC AMP enforcement against an Edmonton MSB and a Calgary real estate brokerage.", "findings": [ { "finding": null, "instrument_type": "Credit Card Actions (interchange class action)", "source": "https://www.creditcardsettlements.ca/en/faq", "source_url": "https://fintrac-canafe.canada.ca/new-neuf/nr/2026-05-14-eng", "source_tier": "2", "retrieved_at": "2026-07-04" }, { "finding": null, "instrument_type": "PCMLTFA administrative monetary penalty", "source": "https://fintrac-canafe.canada.ca/new-neuf/nr/2026-05-14-eng", "source_url": "https://fintrac-canafe.canada.ca/new-neuf/nr/2026-05-14-eng", "source_tier": "1", "retrieved_at": "2026-07-04" }, { "finding": null, "instrument_type": "PCMLTFA administrative monetary penalty", "source": "https://fintrac-canafe.canada.ca/new-neuf/nr/2025-11-20-5-eng", "source_url": "https://fintrac-canafe.canada.ca/new-neuf/nr/2026-05-14-eng", "source_tier": "1", "retrieved_at": "2026-07-04" }, { "finding": null, "instrument_type": "NSF-fee class action settlement", "source": "https://globalnews.ca/news/11951961/cibc-class-action-settlement-nsf-fees/", "source_url": "https://fintrac-canafe.canada.ca/new-neuf/nr/2026-05-14-eng", "source_tier": "3", "retrieved_at": "2026-07-04" } ] }, { "code": "W8", "name": "Merchant Acquiring & Risk", "confidence": "High", "moved_this_cycle": true, "url": "https://payments.gi/jurisdictions/canada-alberta/#w8-merchant-acquiring-risk", "standing_position": "Merchant acquiring for Alberta businesses operates under the national Code of Conduct and 2024 interchange concessions, with Calgary's Helcim competing on transparent interchange-plus pricing.", "findings": [ { "finding": null, "instrument_type": "Code of Conduct for the Payments Industry", "source": "https://www.cfib-fcei.ca/credit-cards", "source_url": "https://www.cfib-fcei.ca/credit-cards", "source_tier": "3", "retrieved_at": "2026-07-04" }, { "finding": null, "instrument_type": "N/A (acquiring/commercial)", "source": "https://www.neobanc.com/articles/top-fintech-companies-canada", "source_url": "https://www.cfib-fcei.ca/credit-cards", "source_tier": "3", "retrieved_at": "2026-07-04" }, { "finding": null, "instrument_type": "Interchange fee regulation (merchant risk pass-through)", "source": "https://www.forbes.com/advisor/ca/credit-cards/feds-announce-lower-credit-card-fees/", "source_url": "https://www.cfib-fcei.ca/credit-cards", "source_tier": "3", "retrieved_at": "2026-07-04" }, { "finding": null, "instrument_type": "Interchange fee deal / merchant surcharging", "source": "https://www.cbc.ca/news/business/credit-card-fees-deal-1.7053044", "source_url": "https://www.cfib-fcei.ca/credit-cards", "source_tier": "3", "retrieved_at": "2026-07-04" } ] }, { "code": "W9", "name": "Product Innovation & Market Development", "confidence": "High", "moved_this_cycle": true, "url": "https://payments.gi/jurisdictions/canada-alberta/#w9-product-innovation-market-development", "standing_position": "Alberta's Financial Innovation Act sandbox anchors provincial fintech testing; national product development affecting Alberta includes RTR, the phased CDBA open-banking rollout, and Calgary-origin AI/agri-fintech product launches.", "findings": [ { "finding": null, "instrument_type": "Financial Innovation Act (Alberta sandbox)", "source": "https://investalberta.ca/financial-services/", "source_url": "https://www.openbankingtracker.com/regulation/canada-open-banking", "source_tier": "3", "retrieved_at": "2026-07-04" }, { "finding": null, "instrument_type": "Consumer-Driven Banking Act (CDBA)", "source": "https://mcmillan.ca/insights/publications/canadas-open-banking-framework-key-updates-from-budget-2025/", "source_url": "https://www.openbankingtracker.com/regulation/canada-open-banking", "source_tier": "2", "retrieved_at": "2026-07-04" }, { "finding": null, "instrument_type": "Consumer-Driven Banking Act - Phase 1/2", "source": "https://www.openbankingtracker.com/regulation/canada-open-banking", "source_url": "https://www.openbankingtracker.com/regulation/canada-open-banking", "source_tier": "3", "retrieved_at": "2026-07-04" }, { "finding": null, "instrument_type": "N/A (product innovation)", "source": "https://www.fintech.ca/2026/01/07/canadian-fintech-startups-to-watch-in-2026/", "source_url": "https://www.openbankingtracker.com/regulation/canada-open-banking", "source_tier": "3", "retrieved_at": "2026-07-04" }, { "finding": null, "instrument_type": "RTR / CDBA Phase 2 dependency", "source": "https://www.facephi.com/observatory/en/open-banking-canada-real-time-payments-2026/", "source_url": "https://www.openbankingtracker.com/regulation/canada-open-banking", "source_tier": "3", "retrieved_at": "2026-07-04" } ] }, { "code": "W10", "name": "Consumer Protection & APP Fraud", "confidence": "Confirmed", "moved_this_cycle": true, "url": "https://payments.gi/jurisdictions/canada-alberta/#w10-consumer-protection-app-fraud", "standing_position": "Consumer protection combines federal Bank Act fraud-consent reforms (Bill C-15, in force July 2027), Interac's discretionary e-Transfer liability policy, and provincial Consumer Protection Act rules, with OBSI as sole external complaints body since Nov 2024.", "findings": [ { "finding": null, "instrument_type": "Financial Consumer Protection Framework Regulations (proposed)", "source": "https://gazette.gc.ca/rp-pr/p1/2026/2026-06-27/html/reg2-eng.html", "source_url": "https://www.blakes.com/insights/proposed-regulations-addressing-consumer-targeted-fraud-in-banking-released-for-comment/", "source_tier": "1", "retrieved_at": "2026-07-04" }, { "finding": null, "instrument_type": "Interac e-Transfer Liability Policy", "source": "https://www.interac.ca/en/zero-liability.html", "source_url": "https://www.blakes.com/insights/proposed-regulations-addressing-consumer-targeted-fraud-in-banking-released-for-comment/", "source_tier": "2", "retrieved_at": "2026-07-04" }, { "finding": null, "instrument_type": "Bank Act amendments (Bill C-15) - Fraud Regulations", "source": "https://www.blakes.com/insights/proposed-regulations-addressing-consumer-targeted-fraud-in-banking-released-for-comment/", "source_url": "https://www.blakes.com/insights/proposed-regulations-addressing-consumer-targeted-fraud-in-banking-released-for-comment/", "source_tier": "2", "retrieved_at": "2026-07-04" }, { "finding": null, "instrument_type": "OBSI single external complaints body", "source": "https://legalclarity.org/canadian-rights-for-unauthorized-debit-and-e-transfer-fraud/", "source_url": "https://www.blakes.com/insights/proposed-regulations-addressing-consumer-targeted-fraud-in-banking-released-for-comment/", "source_tier": "3", "retrieved_at": "2026-07-04" }, { "finding": null, "instrument_type": "National Anti-Fraud Strategy", "source": "https://www.canada.ca/en/department-finance/news/2026/06/government-pre-publishes-regulations-to-prevent-fraud-and-facilitate-the-next-phase-of-consumer-driven-banking.html", "source_url": "https://www.blakes.com/insights/proposed-regulations-addressing-consumer-targeted-fraud-in-banking-released-for-comment/", "source_tier": "1", "retrieved_at": "2026-07-04" } ] }, { "code": "W11", "name": "AML/CFT & Financial Crime", "confidence": "Confirmed", "moved_this_cycle": true, "url": "https://payments.gi/jurisdictions/canada-alberta/#w11-aml-cft-financial-crime", "standing_position": "SENTINEL.GI PAYMENTS-CONTEXT POSITION: Alberta reporting entities sit under FINTRAC's PCMLTFA regime, which entered a materially more aggressive enforcement phase in 2025-2026, evidenced by two direct Alberta AMPs within the FINTRAC AMP overhaul period.", "findings": [ { "finding": null, "instrument_type": "FINTRAC Administrative Monetary Penalties Policy", "source": "sentinel.fintrac-canafe.canada.ca/pen/2-eng", "source_url": null, "source_tier": "1", "retrieved_at": null }, { "finding": "Alberta's AML/CFT framework is entirely federal: FINTRAC (under the Proceeds of Crime (Money Laundering) and Terrorist Financing Act) supervises reporting entities operating in the province; no stand-alone provincial AML statute exists. Sector-specific oversight runs through the Alberta Securities Commission (securities/crypto) and Alberta Gaming, Liquor & Cannabis (casinos, uniquely restricted to religious/charitable licensees). Alberta's oil-and-gas, real-estate and border-adjacent MSB/crypto-ATM sectors create elevated TBML, crypto-laundering and drug-proceeds exposure, compounded by the province's non-participation in federal beneficial-ownership data-sharing.", "instrument_type": "assessment", "source": "FIM (sentinel.gi) per-JID baseline profile — Canada — Alberta", "source_url": null, "source_tier": null, "retrieved_at": null }, { "finding": "Gap: absent-field-provenance", "instrument_type": "gap", "source": "FIM (sentinel.gi) gaps_register_cumulative (issue FIM-BASE-GAP-004)", "source_url": null, "source_tier": null, "retrieved_at": null }, { "finding": "Enforcement: FINTRAC — Approximately 35 unregistered/non-compliant crypto money-service businesses", "instrument_type": "enforcement_action", "source": "FIM (sentinel.gi) enforcement_action_register (issue FIM-BASE-ENF-002)", "source_url": null, "source_tier": "2", "retrieved_at": null }, { "finding": "Sanctions: EU licence-change", "instrument_type": "sanctions_change", "source": "FIM (sentinel.gi) sanctions_change_register (issue FIM-BASE-SANC-003)", "source_url": null, "source_tier": "1", "retrieved_at": null }, { "finding": "Gap: legal-gap", "instrument_type": "gap", "source": "FIM (sentinel.gi) gaps_register_cumulative (issue FIM-BASE-GAP-003)", "source_url": null, "source_tier": null, "retrieved_at": null } ] }, { "code": "W12", "name": "Correspondent Banking, Settlement & Access", "confidence": "Confirmed", "moved_this_cycle": true, "url": "https://payments.gi/jurisdictions/canada-alberta/#w12-correspondent-banking-settlement-access", "standing_position": "Settlement access for Alberta financial institutions runs through Lynx and the forthcoming RTR, with Canadian Payments Act amendments broadening non-bank PSP and credit union eligibility.", "findings": [ { "finding": null, "instrument_type": "Bank of Canada RTR Settlement Account Access Policy", "source": "https://www.bankofcanada.ca/core-functions/financial-system/bank-canadas-settlement-account-policies-for-payments-canada-payment-systems/bank-canada-settlement-account-access-policy-real-time-rail/", "source_url": "https://www.bankofcanada.ca/core-functions/financial-system/bank-canadas-settlement-account-policies-for-payments-canada-payment-systems/bank-canada-settlement-account-access-policy-real-time-rail/", "source_tier": "1", "retrieved_at": "2026-07-04" }, { "finding": null, "instrument_type": "Lynx high-value payment system", "source": "https://www.payments.ca/payments-canada-launches-lynx-canadas-new-high-value-payment-system", "source_url": "https://www.bankofcanada.ca/core-functions/financial-system/bank-canadas-settlement-account-policies-for-payments-canada-payment-systems/bank-canada-settlement-account-access-policy-real-time-rail/", "source_tier": "1", "retrieved_at": "2026-07-04" }, { "finding": null, "instrument_type": "Canadian Payments Act amendments", "source": "https://www.electronicpaymentsinternational.com/features/canada-finally-to-get-real-time-payments-open-banking/", "source_url": "https://www.bankofcanada.ca/core-functions/financial-system/bank-canadas-settlement-account-policies-for-payments-canada-payment-systems/bank-canada-settlement-account-access-policy-real-time-rail/", "source_tier": "3", "retrieved_at": "2026-07-04" }, { "finding": null, "instrument_type": "RPAA registration as settlement/access prerequisite", "source": "https://www.redcompasslabs.com/insights/canada-instant-payments-era-real-time-rails/", "source_url": "https://www.bankofcanada.ca/core-functions/financial-system/bank-canadas-settlement-account-policies-for-payments-canada-payment-systems/bank-canada-settlement-account-access-policy-real-time-rail/", "source_tier": "3", "retrieved_at": "2026-07-04" } ] }, { "code": "W13", "name": "Commercial Intelligence & Fintech", "confidence": "Assessed", "moved_this_cycle": false, "url": "https://payments.gi/jurisdictions/canada-alberta/#w13-commercial-intelligence-fintech", "standing_position": "Alberta's commercial activity centres on Calgary, led by Neo Financial's $68.5M securitization-enabling raise and Tetra Digital Group's ATB/National Bank-backed CADD stablecoin launch, alongside a wave of seed-stage payments-adjacent rounds.", "findings": [ { "finding": null, "instrument_type": "commercial_event", "source": "https://calgary.tech/2026/02/03/neo-financial-major-calgary-fintech-milestone/", "source_url": "https://calgary.tech/2026/02/03/neo-financial-major-calgary-fintech-milestone/", "source_tier": "3", "retrieved_at": "2026-07-04" }, { "finding": null, "instrument_type": "commercial_event", "source": "https://calgary.tech/2026/06/02/digital-commerce-group-fintech-startup-grant/", "source_url": "https://www.businesswire.com/news/home/20260504197679/en/Tetra-Digital-Group-Launches-CADD-Canadas-First-CAD-Backed-Stablecoin-Issued-by-a-Financial-Institution", "source_tier": "3", "retrieved_at": null }, { "finding": null, "instrument_type": "commercial_event", "source": "https://www.fintech.ca/2026/01/07/canadian-fintech-startups-to-watch-in-2026/", "source_url": "https://www.businesswire.com/news/home/20260504197679/en/Tetra-Digital-Group-Launches-CADD-Canadas-First-CAD-Backed-Stablecoin-Issued-by-a-Financial-Institution", "source_tier": "3", "retrieved_at": null }, { "finding": null, "instrument_type": "commercial_event", "source": "https://www.canadafintechsymposium.com/", "source_url": "https://www.businesswire.com/news/home/20260504197679/en/Tetra-Digital-Group-Launches-CADD-Canadas-First-CAD-Backed-Stablecoin-Issued-by-a-Financial-Institution", "source_tier": "3", "retrieved_at": null } ] } ] }