Princeton University Library Catalog

Canada [electronic resource] : Report on the Observance of Standards and Codes-FATF Recommendations for Anti-Money Laundering and Combating the Financing of Terrorism (AML/CFT).

Author:
International Monetary Fund. Legal Dept [Browse]
Format:
Book
Language:
English
Published/​Created:
Washington, D.C. : International Monetary Fund, 2016.
Description:
1 online resource (13 p.)
Series:
IMF Staff Country Reports [More in this series]
Summary note:
This report evaluates the observance of standards and codes on Financial Action Task Force recommendations for anti-money laundering and combating the financing of terrorism (AML/CFT) in Canada. The findings reveal that the Canadian authorities have a good understanding of most of Canada's money laundering and terrorism financing risks. AML/CFT cooperation and coordination are generally good at the policy and operational levels. All high-risk areas are covered by AML/CFT measures, except legal counsel, legal firms, and Quebec notaries. This constitutes a significant loophole in Canada's AML/CFT framework. Law enforcement results are not commensurate with the money-laundering risk, and asset recovery is low.
Source of description:
Description based on print version record.
ISBN:
  • 1475536089 :
Doi:
  • 10.5089/9781475536089.002
Related name:
Other views:
Staff view