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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.
It’s said that a crisis brings out the best in people and, in most cases, that’s true. But there is a dark side to tough times, as fraudsters prey on people who are uncertain and looking for easy answers.
March 18, 2020
The federal government’s actions and fiscal support to address the widespread and devastating economic fallout of the COVID-19 pandemic are welcomed by Chartered Professional Accountants of Canada (CPA Canada).
Listen to this special edition Practitioner’s Pulse webinar where we answer some frequently asked questions around practice management issues and some key financial reporting and auditing implications of COVID-19.