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
September 30, 2016 Occasional Contributors Business and Legal Issues, Corporate Administration, Corporate Governance, Fraud and Corruption, Leadership and Management, Records Management and Retention,
A recent Mediation Settlement from the BC Privacy Commissioner has raised an issue of particular interest to law firms, and other organizations which must meet “Know Your Client” requirements. The item is brief, but seems to suggest that free legal advice doesn’t trigger the “Know Your Client” provisions imposed by various Law Societies for compliance with the Proceeds of Crime (Money Laundering) and Terrorist Financing Act. According to this Mediation Settlement, only paid legal advice triggers that obligation.
client ID requirements, Client Identification And Verification Requirements For Lawyers, paid legal advice, Personal Information Protection Act, Proceeds of Crime (Money Laundering) and Terrorist Financing Act, Rules of Professional Conduct, solicitor and client relationship, solicitor-client privilege, “Know Your Client” requirements, “potential client” versus “client”
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
March 16, 2015 Adam Gorley Accounting Systems and Controls, Business and Legal Issues, Corporate Governance, Finance and Accounting, Financial Compliance / Planning / Management, Fraud and Corruption, IT, Privacy and Security, Leadership and Management, Privacy Compliance and Management, Records Management and Retention
Lawyers are not required to collect client financial information, prepare reports on that information and submit to warrantless searches from the Financial Transactions and Reports Analysis Centre of Canada under the Proceeds of Crime (Money Laundering) and Terrorist Financing Act…
agents of the state, archives for the police and prosecution, Canada v. Federation of Law Societies of Canada, canadian charter of rights and freedoms, Charter, commitment to the client's cause, FATF, Federation of Law Societies of Canada, Financial Action Task Force, financial intermediaries, Financial Transactions and Reports Analysis Centre of Canada, FINTRAC, fraud, lawyers, legal compliance, legal profession, money laundering, principle of fundamental justice, Proceeds of Crime (Money Laundering) and Terrorist Financing Act, receipt of funds record, record keeping, security of the person, solicitor-client privilege, supreme court, terrorist financing, unreasonable search and seizure, warrantless searches
