Erika Cabral and Stefan Mirkovic’s article on “What Bill C-2 means for financial institutions: Key changes to Canada’s anti-money laundering regime” is featured in the Lexis Nexis Commercial Insolvency Reporter publication.
Bill C-2 extends the mandatory enrolment requirement with FINTRAC to all persons and entities that are subject to the PCMLTFA, also referred to as ‘reporting entities.’ Such reporting entities are outlined in Section 5 of the PCMLTFA and include banks, credit unions, life insurance companies, mortgage lenders, financing and leasing entities, securities dealers and casinos.
