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

British Columbia notary publics and British Columbia notary corporations who are reporting entities must have a compliance regime that includes:

• The appointment of a compliance officer for the notary public or notary corporation.
• Written policies and procedures that describe how the notary or notary corporation will comply with the Proceeds of Crime (Money Laundering) and Terrorist Financing Act.
• An assessment of the risks of money laundering and terrorist financing facing the notary or notary corporation, and measures to mitigate those high risks identified in the assessment.
• A training program on anti-money laundering obligations and the compliance program.
• A review of the effectiveness of the compliance program, training program and risk assessment for the notary public or notary corporation.