Canada; Report on the Observance of Standards and Codes: FATF Recommendations for Anti-Money Laundering and Combating the Financing of Terrorism

The paper presents Canadaâ€™s report on the Observance of Standards and Codes on the Financial Action Task Force (FATF) recommendations for Anti-Money Laundering (AML) and Combating the Financing of Terrorism (CFT). Canada has strengthened its overall AML/CFT regime since its last FATF mutual evaluation (1997) by implementing a number of changes both in terms of statutory amendments and structural changes. The most important developments have been the enactment of the Proceeds of Crime and Terrorist Financing Act and the creation of the Canadian Financial Intelligence Unit in 2000.

MoreLess

Year of publication:	2008-12-11
Institutions:	International Monetary Fund (IMF) ; International Monetary Fund
Subject:	Bank supervision \| Combating the financing of terrorism \| Financial institutions \| International cooperation \| Reports on the Observance of Standards and Codes \| money laundering \| law enforcement \| terrorist financing \| terrorist \| law enforcement authorities \| enforcement authorities \| customer identification \| competent authorities \| suspicious transactions \| beneficial owners \| due diligence \| business relationships \| terrorism \| life insurance \| suspicious transaction \| beneficial ownership \| shell banks \| financing of terrorism \| suspicious transaction report \| administrative sanctions \| criminal activity \| precious metals \| law enforcement agencies \| cash transactions \| foreign branches \| predicate offences \| transaction reporting \| large cash transactions \| internet casinos \| suspicious transaction reporting \| identification data \| customer identification data \| banking relationships \| audit function \| legal assistance \| foreign counterparts \| compliance officer \| criminal sanctions \| terrorist financing cases \| ensuring compliance \| internal controls \| suspicious transactions reporting \| funds transfers \| risk categories \| legal arrangements \| lawful purpose \| internal procedures \| control structure \| extradition requests \| illegal activity \| terrorist assets \| control information \| exchange information \| unusual transactions \| terrorist organisations \| terrorist financing investigations \| record keeping requirements \| wire transfer \| payable through accounts \| financial transactions \| terrorist activity \| criminal investigations \| money laundering offence \| criminal activities \| drug trafficking \| assessment process \| mutual evaluation \| dissuasive sanctions \| terrorist activities \| intelligence information \| law enforcement investigations \| risk scenarios \| financial intelligence unit \| supervisory authority \| insurance intermediaries \| securities sectors \| money laundering methods \| united nations security \| reporting requirements \| good faith \| risk sensitive basis \| domestic wire transfers \| customer identity \| domestic legislation \| securities firms \| national centre \| dual criminality \| suspicious transaction reports \| assessment methodology \| face to face business \| money remittance \| suspected money laundering \| compliance program \| petty crimes \| criminal matters \| investigative techniques \| suppression of terrorism \| criminal offence \| common law jurisdictions \| international standards \| secrecy law \| information collection \| national security \| secrecy laws \| supervisory practice \| regulatory authorities \| accounting firms \| cash transaction \| predicate crimes \| foreign regulators \| criminal proceeds \| terrorist group \| value transfer \| illegal arms sales \| negotiable instruments \| suspected terrorist \| transaction reports \| reporting forms \| combat money laundering \| prudential supervision \| compliance function

freely available

Full text |

More access options

Check Google Scholar

In German libraries (KVK)

I need help

More details

Extent:	application/pdf
Series:	IMF Staff Country Reports.
Type of publication:	Book / Working Paper
Notes:	The text is part of a series IMF Staff Country Reports Number 08/372 3 pages long
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10011243379