Further to their initial announcement earlier this week, in light of COVID-19 FINTRAC still expects reporting entities to meet all of their obligations, including in relation to reporting. On the bright side, FINTRAC states that for the time being, they will not be contacting reporting entities to initiate new examinations.
If your team needs help with meeting these requirements, we are here to help. We are working with clients on a temporary basis as we navigate the uncharted waters of COVID-19. We can become an extension of your team, providing the extra resources needed to continue business continuity especially for reporting and all things AML compliance-related.
Please contact us via email or telephone if you’d like to discuss ways to work together: matt@theamlshop.ca or 1-877-701-0555 ext. 101.