
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.
News
Anti-Money Laundering News

We asked 3 BC-based foodies about their path to success
When you graduate from university, it can be difficult to know what career path you want to take for the rest of your life. The thought alone can feel both overwhelming and intimidating.

Insolvency expert turns memorable cases into thrilling fiction
David Bowra, FCPA, FCA, didn’t have to look far to find inspiration for his debut crime novel, Banking on Murder.

Maintaining confidentiality and public confidence
CPAs in Canada are bound by a strict requirement of confidentiality that applies to all aspects of their professional work. In BC, the CPABC Code of Professional Conduct outlines the requirements and provides registrants with extensive guidance on this topic. In this article, we cover the major confidentiality rules in the CPA Code, describe situations that are prone to potential breaches of confidentiality, and provide some cautionary examples.

CPA profession appears at Cullen Commission into money laundering

The fight continues
An update on anti-money-laundering initiatives