Canada - English

Details

  • Service: Topics, IFRS, At Risk Magazine
  • Date: 9/12/2013

Canada’s attempt to converge AML standards with global players 

Global anti-money laundering (AML) and counter-terrorist financing (CTF) has moved from being a mere second thought in the minds of Boards of Directors at leading financial firms, to an issue that now drives business decisions, as organizations work to find their way through the myriad of regulation to meet their obligations.

Enforcement in many parts of the world is strict and aggressive. Companies, as a result, face the unpleasant risk of media headlines if compliance with AML/CTF requirements is found to be wanting.

 

This article describes the Canadian anti-money laundering (AML) landscape and expected changes as Canada moves towards the high AML standards set in other jurisdictions.”