Money Laundering

If you have reasonable grounds to suspect that a transaction is related to a money laundering offence or terrorist activity you must record the details of the activity and report the matter immediately to your Compliance Officer and to the Compliance Officer. When in doubt contact should be made with the Compliance Officer for guidance.

If you know rather than suspect that a transaction is related to terrorist activity because you know that the account is owned or controlled by or on behalf of a listed person or listed entity, the transaction must not be completed. Contact should be made with the Compliance Officer and the RCMP. Current information on listed persons is maintained on the website for the Office of the Superintendent of Financial Institutions, www.osfi.ca.