Money Laundering Research Related to Canadian Anti-Money Laundering Regulation

Money Laundering in Canada: An Analysis of RCMP Cases

The objective of this study is to analyze how the financial proceeds of criminal activity are ‘laundered’ through Canada’s legitimate economy. In particular, the research examines such salient issues as the sources of the criminal proceeds, how the illicit cash enters the legitimate economy, the commercial and financial sectors used to launder the proceeds of crime, the products, services, and expertise exploited within each of these sectors, and the techniques and guises expressly employed to facilitate the money laundering process.

Stephen Schneider
Nathanson Centre for the Study of Organized Crime and Corruption
March 2004

Canadian Anti-Terrorism Legislation: How May It Affect Charities and Individuals?

In response to the terrorist attacks in the United States on September 11th, 2001, a number of pieces of legislation were prepared by the Canadian Government and introduced in the House of Commons as a part of the Government’s Anti-Terrorism Plan. The stated purpose of the legislation is to "combat terrorism" by creating measures to "deter, disable, identify, prosecute, convict and punish terrorist groups; provide new investigative tools to law enforcement and national security agencies" and to ensure that the "Canadian values of respect and fairness are preserved..."

Miriam Maxcy, Helen Close and Jane Orion Smith
Canadian Friends Service Committee
November 2002

Deterring Money Laundering Activity: A Guide for Investment Dealers

This is a critical time in the development of anti-money laundering programs. Securities firms have been subject to a number of statutory and regulatory requirements regarding client identification since 1993, designed to assist the federal government and law enforcement in combating money laundering and terrorist financing. The suspicious transaction reporting requirements1 (STR Regulations), implemented in November 2001, recent amendments to the Proceeds of Crime (Money Laundering) and Terrorist Financing Act 2001 (the Act), and new regulations thereunder (PCMLTF Regulations) that take effect in June and November 2002 add to the anti-money laundering requirements now imposed on securities firms and other financial institutions. One provision of the new PCMLTF Regulations effective June 12, 2002 requires all financial institutions, including securities firms, to establish an anti-money laundering compliance regime. Additions and changes to the PCMLTF Regulations can be expected as the Financial Action Task Force (FATF) and other international bodies review and revise their standards and recommendations.

Investment Dealers Association of Canada
October 2002