With the passage of Bill C-22 more than one million professionals and staff from various business sectors have been drafted to assist in the fight against moneylaundering. To help those companies and their front-line workers, About Business Crimes (ABC) Solutions Inc. has created an Online Education Centre at www.moneylaundering.ca as the definitive resource for legislation compliance.

CCH Canadian, a provider of business and tax law information, is the exclusive agent for the compliance site. Lawyers, accountants, banks, life insurance companies and brokers, credit unions, money exchanges, cheque cashing services, investment counselors, money transmitting services, securities dealers, realtors, casinos or anyone who handles large cash transactions needs to ensure they comply with the federal government’s complicated Bill C-22, a regulatory bill which includes a number of new proactive compliance and expanded diligence requirements.

“Updated daily, the Online Education Centre brings together the knowledge of diverse experts with considerable experience in identification, control and prosecution of money laundering practices,” says Chris Walker, a criminologist who founded ABCsolutions to assist the business community with regulatory
compliance programs mandated by legislation.

Access to the general site for moneylaundering is free to all, but only subscribers can access the Online Education Centre where they can get unlimited access to: training and policy procedures; education materials, money laundering 101; typologies and case studies; access to government resources including the full legislation, international and anti-terrorism section; a communications centre with online documents, a news section, access to experts and a public relations centre that provides help with communicating a program; and a subscription to The Business Crime Solution, an informative and a practical monthly journal on Canadian money laundering scene.

According to Walker there are four key areas to the compliance that ABCsolutions helps companies respond to:

– The appointment of a compliance officer with access to senior executives
– The development of policy and supporting procedures that reflect the impact of the Act on an operation
– Training of all staff including new employees and ongoing training
– A full review of the entire compliance regime including testing
– ABC recommends a review every 12 to 18 months.

“Compliance can be onerous,” says Walker. “With access to the Online Education Centre many companies can take control of the task in an effective
manner.”