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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.
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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.
December 8, 2017
Sustainability and corporate reporting; the pursuit of knowledge development, advancement, and sharing has existed from the early establishment of the accounting profession — and continues to grow as CPAs champion research and innovation.
Join our financial literacy volunteer program for CPA members.
February 28, 2018
Sustainability is an increasingly important issue for business, communities and the world. Learn how embracing sustainability can help organizations not only contribute to society but also become more profitable and successful in the long term.