FINTRAC

AcronymDefinition
FINTRACFinancial Transactions and Reports Analysis Centre of Canada
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References in periodicals archive ?
The Panama Papers and their links to Canada followed a review by the Financial Transactions and Reports Analysis Centre of Canada of 40 money laundering court cases (FINTRAC 2015).
Fintrac released its 2016-2017 annual report through Parliament last November.
Lawyers were no longer required, under the revised rules, to report suspicious tractions to FINTRAC but just to keep a record and do it through the law societies at the provincial levels.
Canada's legislative framework does not allow law enforcement agencies access to FINTRAC's databases.
(241) As a result of being covered under this act, the Bitcoin exchanges would be required to satisfy similar requirements imposed on the German exchanges, such as registering with FINTRAC, obtaining personal information about their customers, monitoring their customers' account activity, and reporting any suspicious activity.
Shannon Wilson is an agricultural economist and Chief of Party at BEST Project of Fintrac Incorporated of Washington, DC.
As you may or may not know the PCMLTFA has been updated and FINTRAC will be coming to provide information on the new requirements and how it will affect you as a Canadian MSB.
When such laws emerge, they will most likely be developed by the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC), which is the country's financial intelligence unit, responsible for preventing money laundering and other financial acts that could support terrorism.
(222.) The Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) collects reports related to any cross-border electronic funds transfer in an amount of $10,000 (CAN) or more.