Anti-money laundering
July 13, 2017 Apolone Gentles, JD, CPA,CGA, FCCA, Bsc (Hons) Announcements and Administration, Business and Legal Issues, Corporate Governance, Finance and Accounting, Financial Compliance / Planning / Management, Fraud and Corruption, Government Budget, Throne Speech and Plans,
Given recent issues, it is no wonder that anti-money laundering and anti-terrorist financing (AML/ATF) received significant attention in this year’s federal budget (“Budget 2017”). Organizations can expect changes to the AML/ATF regime, and should monitor developments in this area.
Anti-money laundering, anti-terrorist financing, budget, Financial Transactions and Reports Analysis Centre of Canada, FINTRAC, FINTRAC Guidelines, heads of international organizations, HIOs, PEPs, Politically Exposed Person, Proceeds of Crime (Money Laundering) and Terrorist Financing Act
July 11, 2017 Apolone Gentles, JD, CPA,CGA, FCCA, Bsc (Hons) Business and Legal Issues, Finance and Accounting, Financial Compliance / Planning / Management, Fraud and Corruption,
Although Canada has a robust anti-money laundering and anti-terrorist financing regime, there is much room for improvement. Real estate may be an easy way for criminals to launder money. According to Transparency International, this is a major problem in several countries, including Canada. A recent report looks at the main problems related to real estate and money laundering in Canada, the United Kingdom, Australia, and the United States. It concludes that current rules and practices are inadequate to mitigate the risks and detect money laundering in the real estate sector.
Anti-money laundering, anti-terrorist financing, Financial Transactions and Reports Analysis Centre of Canada, FINTRAC, FINTRAC Guidelines, heads of international organizations, HIOs, PEPs, Politically Exposed Person, Proceeds of Crime (Money Laundering) and Terrorist Financing Act, real estate
July 10, 2017 Apolone Gentles, JD, CPA,CGA, FCCA, Bsc (Hons) Announcements and Administration, Business and Legal Issues, Corporate Governance, Finance and Accounting, Financial Compliance / Planning / Management,
New anti-money laundering and terrorist financing guidelines by the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) are now in force. FINTRAC recently released new guidelines in respect of politically exposed persons and Heads of International Organizations. The Guidelines were effective June 17, 2017, and complement new regulatory provisions which came into force on June 17, 2017, under the Proceeds of Crime and Terrorist Financing Act.
Anti-money laundering, anti-terrorist financing, Financial Transactions and Reports Analysis Centre of Canada, FINTRAC, FINTRAC Guidelines, heads of international organizations, HIOs, PEPs, Politically Exposed Person, Proceeds of Crime (Money Laundering) and Terrorist Financing Act
January 30, 2017 Occasional Contributors Accounting Systems and Controls, Accounts payable and receivable, Business and Legal Issues, Competition, Corporate Administration, Corporate Governance, Finance and Accounting, Financial Compliance / Planning / Management, Fraud and Corruption, Income Tax Planning / Tax Schedules / Remittances, Leadership and Management, Payroll and Personnel Management, Records Management and Retention, Sales, Marketing and Operations,
On December 20, 2016, the Financial Transactions and Reports Analysis Centre of Canada released new guidelines in respect of politically exposed persons and heads of international organizations. A separate guideline was released for each of financial entities, securities dealers, life insurance companies, agents and brokers and money services businesses. The Guidelines will be effective June 17, 2017.
Anti-money laundering, Financial Transactions and Reports Analysis Centre, FINTRAC, heads of international organizations, money laundering update, politically exposed persons, Proceeds of Crime (Money Laundering) and Terrorist Financing Act
July 11, 2016 Occasional Contributors Accounting Systems and Controls, Accounts payable and receivable, Business and Legal Issues, Competition, Corporate Administration, Corporate Governance, Finance and Accounting, Financial Compliance / Planning / Management, Fraud and Corruption, Income Tax Planning / Tax Schedules / Remittances, Leadership and Management, Payroll and Personnel Management, Records Management and Retention, Sales, Marketing and Operations
Final amendments to Regulations to the Proceeds of Crime (Money Laundering) and Terrorist Financing Act released.
Anti-money laundering, Electronic signatures, financial entities and securities dealers, FINTRAC, money laundering offence, Proceeds of Crime (Money Laundering) and Terrorist Financing Act, risk assessment, risk management, suspicious transaction, terrorist activity financing offence
