Securities dealers are subject to Canada’s anti-money laundering (AML) and anti-terrorist financing (ATF) laws. Dealers must identify clients, establish and administer an AML/ATF compliance program, and report certain transactions to FINTRAC. Firms must also identify and assess money laundering and terrorist financing risks in their business and take steps to mitigate those risks. Every two years a review of a firm’s AML/ATF compliance program is mandatory.

AUM Law has experience reviewing the AML/ATF programs of securities registrants of all sizes and different business models. To get more information on how AUM Law can assist with your two-year AML/ATF program effectiveness review, contact us.

February 23, 2024