Anti-Money Laundering Regulations

If you are a federally or provincially regulated financial institution that accepts deposit liabilities, or if you are a life insurance company, securities dealer, portfolio manager, investment counselor, or casino, you are required by FINTRAC to implement a compliance regime to comply with your reporting, record-keeping and client identification requirements. CRSTL offers a complete anti-money laundering (AML) solution designed to help ensure compliance with all Canadian AML rules and regulations as well as international limits and requirements set by international regulatory agencies. Coverage includes:

Legislation:

• Proceeds of Crime (Money Laundering) and Terrorist Financing Act (PCMLTFA).
• PCMLTFA Regulations.
• PCMLTFA Suspicious Transaction Reporting Regulations.
• Criminal Code provisions in respect of UN International Convention for the Suppression of the Financing of Terrorism.
• United Nations Act and Regulations thereunder.

International Conventions:

• International Convention for the Suppression of the Financing of Terrorism.

Guidelines:

• OSFI Guideline B-8 – Deterring and Detecting Money Laundering and Terrorist Financing.
• FATF (Financial Action Task Force) 40 Recommendations.
• Basel Committee Requirements regarding Customer Due Diligence for Banks.

Regulators continue to bolster anti-money laundering legislation to ensure that law-abiding businesses protect themselves from the financial exploitation of criminals and terrorists. Make sure that you stay on side of these ever-changing rules with CRSTL’s complete AML solution.

To see the cost benefits of using CRSTL's legal databases and workflow solution, take a moment to calculate your Return On Investment with our ROI Calculator.