The move is intended to reduce the compliance burden for IIROC firms
Alert includes guidance to help financial firms identify possible victims
This is the first memorandum with a real estate body
FINTRAC updates beneficial ownership requirements guidance
Professional money launders present unique identification challenges
Public oversight should avoid slowing progress in a fast-growing area that brings many benefits
120 currency exchange houses have been identified by the Central Bank of Iraq as being in territory that is accessible by Daesh
The purpose of the alert “is to support financial institutions in recognizing and reporting” financial transactions that may be related to sex trafficking
The International Supervisors Forum is aiming to co-ordinate compliance and enforcement activities on businesses that transmit or convert money
Firms such as banks and securities dealers involved in real estate transactions are vulnerable to being exploited to enable money laundering