IIROC releases anti-money laundering guide for securities dealers

By Christine Duhaime | October 20th, 2010

The Investment Industry Regulatory Organization of Canada has published a new anti-money laundering guidance brochure that provides some background information on the Canadian anti-money laundering and terrorist financing requirements under the Proceeds of Crime (Money Laundering) and Terrorist Financing Act applicable to dealers in Canada. The new brochure replaces the IDA’s 2002 “Deterring Money Laundering Activity” booklet. The new guidance brochure is intended to give dealers an overview of the legislative requirements to enable them to develop their own anti-money laundering programs based on their individual risk assessments.

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