Get 20M+ Full-Text Papers For Less Than $1.50/day. Start a 14-Day Trial for You and Your Team.

Learn More →

International anti‐money laundering and anti‐terrorist financing: the work of the Office of the Superintendent of Financial Institutions in Canada

International anti‐money laundering and anti‐terrorist financing: the work of the Office of the... Focuses on the work of Canada’s Office of the Superintendent of Financial Institutions (OSFI( in relation to international cooperation against money laundering and terrorism. Outlines Canada’s international obligations to the Financial Action Task Force, International Monetary Fund, United Nations, and to the international bodies concerned with customer due diligence and related matters: these are the Basel Committee on Banking Supervision and the International Association of Insurance Supervisors. Moves on to OSFI’s relationship with the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC(. Lists some of the categories of higher risk that federally regulated financial institutions (FRFI( are expected by OSFI, following international regulators, to recognise as far as customer identification standards are concerned. Summarises OSFI’s anti‐money laundering guidelines. Indicates other areas of financial crime that OSFI combats: financial institution identity theft and advance fee scams, and the growing of marijuana plants in “grow houses”. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Journal of Money Laundering Control Emerald Publishing

International anti‐money laundering and anti‐terrorist financing: the work of the Office of the Superintendent of Financial Institutions in Canada

Journal of Money Laundering Control , Volume 7 (4): 13 – Oct 1, 2004

Loading next page...
 
/lp/emerald-publishing/international-anti-money-laundering-and-anti-terrorist-financing-the-c07kAEqy0G
Publisher
Emerald Publishing
Copyright
Copyright © 2004 Emerald Group Publishing Limited. All rights reserved.
ISSN
1368-5201
DOI
10.1108/13685200410810038
Publisher site
See Article on Publisher Site

Abstract

Focuses on the work of Canada’s Office of the Superintendent of Financial Institutions (OSFI( in relation to international cooperation against money laundering and terrorism. Outlines Canada’s international obligations to the Financial Action Task Force, International Monetary Fund, United Nations, and to the international bodies concerned with customer due diligence and related matters: these are the Basel Committee on Banking Supervision and the International Association of Insurance Supervisors. Moves on to OSFI’s relationship with the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC(. Lists some of the categories of higher risk that federally regulated financial institutions (FRFI( are expected by OSFI, following international regulators, to recognise as far as customer identification standards are concerned. Summarises OSFI’s anti‐money laundering guidelines. Indicates other areas of financial crime that OSFI combats: financial institution identity theft and advance fee scams, and the growing of marijuana plants in “grow houses”.

Journal

Journal of Money Laundering ControlEmerald Publishing

Published: Oct 1, 2004

Keywords: Canada; Money laundering; Crime; Law enforcement

There are no references for this article.