Tag Archives: AML

President & CEO Testifies Before House of Commons Finance Committee re: Canada’s AML/ATF Regime (IIAC Blog)

President & CEO Testifies Before House of Commons Finance Committee re: Canada’s AML/ATF Regime (IIAC Blog)

IIAC President and CEO, Ian Russell, testified before the House of Commons Standing Committee on Finance on the five-year statutory review of the Proceeds of Crime (Money Laundering) and Terrorist Financing Act (PCMLTFA).

In light of important obligations member firms have under the PCMLTFA and its Regulations, he made a number of recommendations to improve the effectiveness of the legislative framework, facilitate the obligations of reporting entities, and minimize the compliance burden. Among the recommendations, he called on the federal government to:

Work with the provinces and territories to harmonize beneficial ownership information standards across Canada and in federal … Continue reading

Tagged:

Comments Off on President & CEO Testifies Before House of Commons Finance Committee re: Canada’s AML/ATF Regime (IIAC Blog)