Mr. Chair, yes, that's correct. The Canada Gazette on April 27 added those business offerings of crowdfunding platforms and payment service providers as part of reporting entities, as well as businesses located in foreign jurisdictions that meet those criteria as set out in the act. They too have an obligation to register with FINTRAC as foreign money services businesses. That has been the case since June of 2020.
On May 3rd, 2022. See this statement in context.