Anti-Money Laundering

In Canada, the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) is responsible for ensuring compliance with Canada's anti-money laundering regime.

Here, we provide information from FINTRAC and other sources to assist CPAs in BC in keeping updated with relevant information relating to AML legislation, regulations, and their obligations.

Recently, CPABC announced important regulatory updates to combat money laundering, including a new mandatory anti-money laundering CPD requirement for all members, as well as changes that will predominantly affect practitioners. We encourage all members to familiarize themselves with these AML updates and their related obligations.