Posted 05/21/15Vancouver Real Estate and Undeclared Cash at the Canadian Border.
Posted 05/21/15I'm happy to be presenting at the 5th Commonwealth Review Meeting of Heads of Anti-Corruption Agencies in Africa
Posted 03/17/15Charitable funds purportedly raised to alleviate hunger, provide emergency aid, and educate children often ends up funding arms, weapons, and terror.
Posted 03/17/15The UK is the most recent jurisdiction to hold a Compliance Officer personally responsible for the systemic deficiencies of his employer.
Posted 03/02/15Complying with this legislation is demanding and technical. It’s also something you might not want to tackle on your own. Before you get too angry at the federal government, just take a moment to reflect on the true source of your angst.
Posted 02/26/15Recently, I attended a Canadian jewellery show and spoke with a number of jewellers about their AML compliance programs. The folks I met generally grouped themselves into two separate camps.
Posted 02/24/15Among other functions, FATF conducts mutual evaluation reports (MERs) of member states to determine the degree to which they have incorporated the 40 recommendations into domestic law, as well as their compliance.
Posted 02/19/15The act and regulations are very specific about what activities a dealer in precious metals and stones (DPMS) reporting entity is required to complete and how, the records that need to be kept and how, and how compliance is to be documented.
Posted 02/17/15FINTRAC Guideline 6(l) “Record Keeping and Client Identifications for Dealers in Precious Metals and Stones” provides additional interpretation of the exceptions identified in Section 39(1).
Posted 02/13/15The threshold at which a dealer in precious metals and stones (DPMS) becomes a reporting entity and subject to the requirements of this legislation is described in Section (39)1 of the regulations.