In a recent Money Laundering Bulletin feature titled “Law Reforms, Enforcement Lags”, The AML Shop’s own Michael Ecclestone (Governance, Risk and Compliance Leader) contributed his thoughts on the major overhaul and expansion of AML legislation in Canada coming this fall.
This article covers hot topics like the proposed Strong Borders Act (Bill C-2) and related discussions like the potential barring of cash transactions, new Beneficial Ownership reporting reforms, broader FINTRAC registration for all obligated entities (except lawyers) and more.