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Anti-Money Laundering Regulations
If you are a federally or provincially regulated financial
institution that accepts deposit liabilities, or a life
insurance company, security dealer, portfolio manager,
investment counselor or casino, you are required by
FINTRAC to implement a compliance regime to comply with
your reporting, record-keeping and client identification
requirements. Only CRSTL offers a complete anti-money
laundering (AML) solution designed to help ensure compliance
with all Canadian AML rules and regulations mandate.
Coverage includes:
Legislation:
- Proceeds of Crime (Money Laundering) and Terrorist
Financing Act (PCMLTFA).
- PCMLTFA Regulations.
- PCMLTFA Suspicious Transaction Reporting Regulations.
- Criminal Code provisions in respect of UN International
Convention for the Suppression of the Financing of
Terrorism.
- Relevant United Nations Act and Regulations.
International Conventions:
- International Convention for the Suppression of
the Financing of Terrorism.
Guidelines:
- OSFI Guideline B-8 – Deterring and Detecting
Money Laundering and Terrorist Financing.
- FATF (Financial Action Task Force) 40 Recommendations.
- Basel Committee Paper on Customer Due Diligence
for Banks.
Regulators continue to bolster anti-money laundering
legislation to ensure that law-abiding businesses protect
themselves from the financial exploitation of criminals
and terrorists. Make sure that you stay on side of these
ever-changing rules with CRSTL’s complete AML
solution.
Powered by CRSTL’s proprietary compliance management
platform, our AML database library offers best-in-class
functionality to ensure, among other things:
- Effective identification/communication of requirements;
- Appropriate company regulation and administration;
and
- Cross company accountability and transparency.
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