On June 29, 2016 updates to the Proceeds of Crime (Money Laundering) & Terrorist Financing Regulations (PCMLTFR) were published in the Canada Gazette. The Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) has also published updated guidance related to identification, and we expect more updated guidance in the coming weeks.
In order to make it easier for our friends, colleagues and customers to understand the changes, we have created a “redlined” version of the document that can be downloaded and used free of charge.
Our only stipulation for those that choose to use this document in any way is that we do not permit a fee to be charged for access to it, in whole or in part, via any medium… That’s a fancy way of saying that you can share it as much as you like, but you can’t charge money for it.
That said, we hope that this document saves you time and money – it’s the least we can do:
June 29 2016 PCMLTFR Updates Redlined
Need A Hand?
Changes will not come into effect until next year (2017). If you need assistance updating your anti-money laundering (AML) compliance program, please contact us.