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Inside Internal Controls

News and discussion on implementing risk management

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Winning with electronic funds transfer

A business in a recent Landlord and Tenant Board (LTB) hearing had a close call, which highlights one of the practical benefits of using electronic funds transfer for customer receipts.

 

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Canadian anti-money laundering laws – Some traps for the unwary

Canada has had legislation in place to detect and deter money laundering since 1991. Contrary to what some may expect, the legislation (which has been amended several times over the last 24 years or so) applies (rightly) only to “reporting entities” and not all business entities or transactions.

 

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