This topic will help you gain a general understanding of the Anti-money Laundering and Counter Terrorism Financing Act (AML/CTF Act). The legislation is complex, so only key compliance matters are covered.


The topic covers:

1. Overview – The Background

2. The AML/CTF Compliance Program – Your Obligations

3. Know Your Customer (KYC) – Identification & Verification

4. Beneficial Owners

5. Politically Exposed Persons

6. Customer Due Diligence – Ongoing and Enhanced

7. Suspicious Matters Reporting

8. Employee Due Diligence Program

10. Training Obligations

11. The AML/CTF Compliance Officer

12. Reporting

13. Record-keeping

14. Non-compliance – The Consequences

15. Summary

This is a high level overview only. It cannot be taken as legal advice.