Amendments to the PCMLTFA published on February 15, 2020 by the Department of Finance raise a number of questions for Canada’s regulated entities. What is required under the amendments with regard to MSBs and real estate professionals? What is the definition of a business relationship and its connection to compliance with regard to doing business with PEPs? What are the implications for large banks?
During this portion of our focus on Canada, we will address these issues AND take questions from our virtual audience on the state of anti-financial crime compliance.