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

Securities dealers must have a compliance regime that includes:

• The appointment of a compliance officer for the securities dealer.
• Written policies and procedures describing, among other things, how the securities dealer will meet its obligations under the Proceeds of Crime (Money Laundering) and Terrorist Financing Act.
• An assessment of the risks of money laundering and terrorist financing, and measures to mitigate high risks identified for securities dealers.
• A training program on the securities dealers’ anti-money laundering obligations and the compliance program.
• A review of the effectiveness of the compliance program, training program and risk assessment for the securities dealers.