Archive for 'legal'

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Our Federal government is looking to toughen up the Proceeds of Crime (Money Laundering) and Terrorist Financing Regulations (PCMLTFR).  Should this happen, this will result in greater obligations for reporting entities under the Proceeds of Crime (Money Laundering) and Terrorist Financing Act.  Put another way, the FINTRAC exam process will hold greater risk to an organization and an increased likelihood that FINTRAC will find a deficiency.  

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Hiring A Lawyer To Help You With FINTRAC

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Why You Need a Lawyer When FINTRAC Comes Knocking

When FINTRAC turns its attention to your organization there is an immediate change in the nature of the relationship between your organization and FINTRAC.  It shifts from a partnership in the fight against money laundering and terrorist financing to an adversarial one in which your organization has now attracted the scrutiny of the state – a massive entity which wields significant power.  Should you consider hiring a lawyer?  That’s a good question.

When ...

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