Canada’s Standing Committee on Finance (a committee of our federal House of Commons) recently released its new report on reforming our anti-money laundering and terrorist financing laws. The report makes 32 recommendations for changes to the AML regime, on such topics as adjustments to reporting requirements, “politically exposed persons” (PEPs), crypto-currency, real estate ownership and casinos. A good write-up by Jacqueline Shinfield at the Blakes firm can be found here.
