FINTRAC Updates Guidance on Compliance Program Requirements and Identity Verification
action_requiredCanada·Financial Transactions and Reports Analysis Centre of Canada (FINTRAC)·Wire Summary
FINTRAC has published updated guidance to reflect upcoming regulatory amendments on compliance program requirements, methods to verify the identity of persons and entities, third party determination requirements, reporting terrorist property, prepaid payment products and accounts, the 24-hour rule, travel rule requirements, and an updated FAQ about domestic PEPs and HIOs.
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