Treasury alleges drug traffickers launder hundreds of millions of dollars monthly through accounts held at the bank
Terrorist financing methods have changed since standards were last revised in 2003
If you’re suspicious, contact your compliance department
Annual report highlights 10 years of connecting money to crime
Members now have increased duties to monitor for money laundering or terrorist financing activities
The account-opening stage is key
New guide replaces earlier version from the IDA
If there is a sudden change in the amount or frequency of deposits, it may be necessary to inquire about the change
Police agencies are making use of FINTRAC when conducting their investigations
First time that FINTRAC has used its authority to assess such penalties