Anti-Money Laundering

CPABC and the CPA profession are committed to combatting money laundering and financial crime. Professional accountants and accounting firms have been an official part of Canada’s fight against money laundering since 2000.

CPAs have certain obligations under federal anti-money laundering (AML) legislation. In Canada, the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) is the financial intelligence unit and is responsible for ensuring compliance with the compliance regime, reporting, record-keeping and client identification requirements.

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.