Amendments to Canada's anti-money laundering and anti-terrorist financing laws, and the accompanying changes to regulations, are being brought into force in stages. Many of the most significant amendments came into effect on June 23, 2008.
The 2009 edition of Butterworths A Guide to Canadian Money Laundering Legislation will help you prepare for the changed requirements and will be a valuable resource to reporting entities that must modify their operations and compliance programs.
Features and Benefits
- 10 expert commentary chapters explaining the amended requirements and offering advice on:
- Implementing a compliance regime
- Recognizing transactions and attempted transactions
- The expanded diligence requirements
- The changed procedure for identity verification
- The importance of risk assessment policies and procedures
- Understanding how to deal with FINTRAC and knowing what must be reported
- The tightened rules for money services businesses
- Full text of the Proceeds of Crime (Money Laundering) and Terrorist Financing Act and Regulations
- Full text of FINTRAC Guidelines
- Glossary of terms
New In This Edition
- New commentary on politically-exposed foreign persons
- New commentary on AML/ATF in credit card programs
- New commentary on correspondent banking relationships
- Up-to-date FINTRAC guidelines
Who Should Buy
- Money laundering compliance officers who need to properly synthesize the law and guidelines when examining reviewable transactions and providing compliance training
- Finance directors and accountants who are charged with record keeping and auditing responsibilities
- Senior managers within federally regulated financial institutions who may be required to conduct internal investigations about suspicious money laundering activities
- Legal counsel who need to advise on the rights of those who may be the subject of a suspicious transaction report and search and seizure warrants
- Portfolio managers and investment counselors who need to watch out for suspicious large cash transactions and may be required to answer to reviewable transactions
- Those in the money services business who must set up their fund transfer practices properly to avoid being preyed upon by hackers
Tools for Compliance
With its practical approach and informative commentary, this guide is your first point of reference when you need to understand the legislation and avoid liability for your company or your client. Order your copy today!
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