Anti-Terrorism and Charity Law Alert No. 47
The Financial Action Task Force (“FATF”) released a report on September 15, 2016, entitled “Anti-Money Laundering and Counter-Terrorist Financing Measures: Canada – Mutual Evaluation Report September 2016” (the “2016 Mutual Evaluation”). This report examines Canada’s anti-money laundering and anti-terrorist financing measures for compliance with the FATF Recommendations, following an on-site visit which took place from November 3-20, 2015. This is the fourth mutual evaluation the FATF has performed with Canada. The FATF is an inter-governmental body responsible for setting and monitoring international standards for combating money laundering and financing of terrorism and proliferation. The FATF Recommendations are forty international standards that countries are asked to comply with in order to counter money laundering and terrorist financing.
For the balance of this Bulletin, please see Anti-Terrorism and Charity Law Alert No. 47.