Summary of Changes By Reporting Entity Sector

News Release

Final details about amendments to the Proceeds of Crime (Money
Laundering) and Terrorist Financing Act as well as new regulations
were recently published. These include upcoming changes that will affect
record keeping, client identification and reporting obligations.
This is a summary of the changes applicable to each of the following
reporting entity sectors:

Financial entities
Life insurance
Securities dealers
Real estate
Foreign exchange dealers and money services
businesses
Accountants
Casinos

The changes will take effect on June 23, 2008, except as otherwise
specified. More information about each change will be available in
updates to FINTRAC’s guidelines available on FINTRAC’s Web site
throughout the fall of 2007 and the winter of 2008.

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Financial Transactions and Reports Analysis Centre of Canada Law

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2016-12-15

We have archived this page and will not be updating it.

We have archived this page and will not be updating it.

Summary of Changes By Reporting Entity Sector

News Release

Page details