Anti-Money Laundering

Anti-Money Laundering Resources to know

New anti-money laundering/anti-terrorist financing (AML/ATF) requirements associated with record-keeping and reporting to FINTRAC

Stay informed of the new AML/ATF regulations as of June 1, 2021 which impact CPAs engaged in activities covered by the Proceeds of Crime (Money Laundering) and Terrorist Financing Act (PCMLTFA).

New “Know Your Client” AML/ATF Rules for CPAs

ANTI-MONEY LAUNDERING/ANTI-TERRORIST FINANCING (AML/ATF) DEVELOPMENTS

Anti-money laundering policy

Money laundering is a global issue which is illegal, unethical and harmful. In Canada, it poses threats to our national reputation, economy, and society. CPA Canada recognizes these threats and contributes to federal policy development.

ANTI-MONEY LAUNDERING: THE BASICS Installment 5: Tax Advice

Tax advice is one of the most common services that accountants provide, so they must be aware of and alert to the multiple ways in which tax services may be vulnerable to money laundering. Tax structuring could be used to hide criminal proceeds, or to evade tax on legitimate income. Accountants providing tax compliance services may become aware of clients seeking to misrepresent their true earnings or assets.

New rules make knowing your client even more important for CPAs

Recent changes to strengthen Canada’s anti-money laundering regime increase requirements for accountants and accounting firms to know who they are dealing with, and why?

We support our members in the fight against money laundering

Charles-Antoine St-Jean, CPA Canada’s president and CEO, on the continual role of the organization in Canada’s anti-money laundering crusade.

How dirty money is putting Canada’s CPAs at risk

As the battle against the global scourge of money laundering rages on, the role of the profession in the fight is as vital as ever.

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