Guide to comply with Canada’s anti-money laundering and anti-terrorist financing (AML/ATF) legislation
Changes to the anti-money laundering and anti-terrorist financing requirements will impact CPAs engaged in activities covered by the Proceeds of Crime (Money Laundering) and Terrorist Financing Act (PCMLTFA). Learn about the obligations to ensure compliance.
Accountants and accounting firms engaged in activities covered by the PCMLTFA have specific obligations as reporting entities to perform prescribed requirements within specified timelines.
Access our guide for insights into the AML/ATF regime and its many changes to ensure you are well-equipped to fulfill your potential obligations as required by the legislation and regulations. Learn how CPAs, as reporting entities, play an important role in preventing money laundering and terrorist financing.
The purpose of this guide is to:
- help CPAs determine if AML/ATF obligations are applicable to their activities
- inform CPAs about the requirements to comply with their obligations
- educate CPAs about the examination focus and enforcement methods by the AML/ATF regime supervisor, FINTRAC, and risks of non-compliance