A Complimentary Executive Briefing
Originally set out in the Proceeds of Crime Money Laundering Act (PCMLA) of 2000, the scope of Canada’s AML regime was expanded the following year to address terrorist financing, and was renamed the Proceeds of Crime Money Laundering and Terrorist Financing Act (PCMLTFA). The act requires financial intermediaries to meet customer identification, due diligence and record-keeping standards, and to report suspicious transactions applicable to the detection of money laundering and terrorist financing.
With the intention of enhancing Canada’s anti-money laundering and counter-terrorist financing regime, Bill C-25 amends the PCMLTFA with expanded requirements for record-keeping, reporting and registration, PEFP identification and transaction monitoring. Firms are under pressure to implement the requirements set forth by Bill C-25 by the June 23rd deadline of this year.
Canada is striving to meet international standards with strengthened anti-money laundering and counter-terrorist financing activities. Join us at the complimentary breakfast briefing, Northern Exposure: Exploring Canada’s Current AML Regime on Tuesday May 20, 2008 at 8:00AM (EDT) to:
- Discuss the most current events and issues in Canada’s current AML regime
- Analyze what to anticipate in the coming months of enhanced regulatory requirements
- Network with other practitioners to discuss shared challenges and solutions in the Canadian AML arena
- Learn about strategic approaches to combating money laundering and terrorist financing
- Discover ways to successfully meet the requirements of Bill C-25 and other related regulations
