Assessment of Inherent Money Laundering and Terrorist Financing Risks in Canada

  • OSFI Regulation Image

Jul 31, 2015

On July 31, 2015, the Office of the Superintendent of Financial Institutions (OSFI) released the report "Assessment of Inherent Risks of Money Laundering and Terrorist Financing in Canada."

This report is meant to provide critical risk information to the public and, in particular, to the approximately 31,000 entities that have reporting obligations under the Proceeds of Crime (Money Laundering) and Terrorist Financing Act (PCMLTFA), whose understanding of inherent, foundational risks is vital in applying the preventive measures and controls required to effectively mitigate these risks. The Government of Canada encourages these entities to use the findings in this report to inform their efforts in assessing and mitigating risks. Understanding Canada's risk context and the main characteristics that expose sectors and products to inherent Money Laundering/Terrorist Financing risks in Canada is important in being able to apply measures to effectively mitigate them. 

Review the report on the OSFI's Web Site.

Correction list for hyphenation

These words serve as exceptions. Once entered, they are only hyphenated at the specified hyphenation points. Each word should be on a separate line.