Duhaime's Financial Crime & Anti-Money Laundering Law in Canada

Financial entities must have a compliance regime that includes:

• The appointment of a compliance officer for the financial entity.
• Written policies and procedures describing its anti-money laundering compliance plan.
• An assessment of the risks of money laundering and terrorist financing that the financial entity faces, and measures to mitigate any high risks identified in the assessment.
• A training program on its anti-money laundering obligations and the compliance program.
• A review of the effectiveness of the compliance program, training program and risk assessment for the financial entity.