FATF’S RE-RANKING OF CANADA’S COMPLIANCE WITH AML/CFT MEASURES

On 19 October, an article from McCarthy Tétrault LLP considers the recent FATF follow-up report.  It says that 8 FATF Recommendations were re-rated, 7 of which saw ratings increase. One FATF Recommendation pertaining to non-profit organisations saw its rating decrease from “Compliant” to “Partially Compliant”.  Canada is no longer Non-Compliant with any FATF Recommendation.

https://www.mccarthy.ca/en/insights/blogs/techlex/fatfs-re-ranking-canadas-compliance-anti-money-laundering-and-counter-terrorist-financing-measures#page=1

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Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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