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Update your knowledge of anti-money laundering and anti-terrorist financing obligations for accountants and accounting firms under the PCMLTFA legislation and its regulations, and receive additional guidance based on the results of FINTRAC’s past examinations.
Get your downloadable electronic copy.
The Financial Transactions and Reports Analysis Centre of Canada (FINTRAC), the regulator in charge of Canada’s anti-money laundering and anti-terrorist financing (AML and ATF) regime, has indicated to Chartered Professional Accountants of Canada (CPA Canada) that the accounting sector’s AML and ATF compliance efforts require improvement. This alert provides a summary of the obligations for accountants and accounting firms under the Proceeds of Crime (Money Laundering) and Terrorist Financing Act (PCMLTFA) and its regulations, and examines the consequences of non-compliance.
The alert provides additional guidance based on the results of FINTRAC’s past examinations of accountants and accounting firms. The publication also directs readers to more detailed AML and ATF compliance guidance issued by CPA Canada in 2014, A Guide to Comply with Canada’s Anti-Money Laundering (AML) Legislation.
Canada’s accounting and auditing standards boards have a lot going on. Make sure you stay up to date on changes and get involved in standards development through the boards’ webinars and events.
November 26, 2019
Innovative improvements and emerging technologies are shaping the future of oil and gas. Find out how at this annual, industry-driven conference for CPAs and financial professionals who work in Canadian energy.
December 9, 2019
We’re living in an age of digital transformation – and companies need skilled leaders on boards and committees who are up to the challenge. Harness the opportunities that change can bring at this must-attend annual event.