Menu

FTC submission to Canada’s review of its Anti-Money Laundering and Anti-Terrorist Financing Regime

May 18th, 2018

Submission Date: 16 May 2018

The FTC has entered a submission to Review of Canada’s Anti-Money Laundering and Anti-Terrorist Financing Regime. Canada has one of the weakest frameworks among G20 countries for identifying, collecting information on and maintaining records for beneficial ownership information for legal entities. Notwithstanding the commitments made by Canada towards undertaking “concrete action” to realize the G20 High-Level Principles on Beneficial Ownership Transparency in 2014, as well as the fact that Canada is one of the founding members of the Financial Action Task Force (FATF), Canadian companies and other legal entities remain vulnerable to exploitation.

Read the submission

RT @alexcobham: "If any jurisdiction in the world deserves to be 'blacklisted' by the European Union or anyone else, let them begin right h…
- Wednesday Jun 20 - 7:12am

Follow @FinTrCo