AML/CFT | FCIC

Anti-Money Laundering & Counter-Terrorism Financing

FCIC provides guidance on anti-money laundering (AML) and counter-terrorism financing (CFT) requirements to help financial institutions prevent illicit financial activities.

Important Notice

AML/CFT compliance is mandatory for all regulated financial institutions. Failure to comply may result in enforcement actions.

Key Requirements

Customer Due Diligence (CDD) and Know Your Customer (KYC) procedures
Transaction monitoring and suspicious activity reporting
Record keeping and retention requirements
Staff training on AML/CFT obligations
Independent audit and review of AML/CFT programs

Resources

Guidance Documents

Comprehensive guidance on implementing AML/CFT controls.

Reporting Templates

Standardized templates for suspicious activity reports.

FCIC provides guidance on anti-money laundering (AML) and counter-terrorism financing (CFT) requirements to help financial institutions prevent illicit financial activities.

Important Notice

AML/CFT compliance is mandatory for all regulated financial institutions. Failure to comply may result in enforcement actions.

Key Requirements

Customer Due Diligence (CDD) and Know Your Customer (KYC) procedures
Transaction monitoring and suspicious activity reporting
Record keeping and retention requirements
Staff training on AML/CFT obligations
Independent audit and review of AML/CFT programs