Day 8: December 17, 2020

Read today’s GOVERNANCE DID-YOU-KNOW. Pay attention to find today’s secret code word!

DID YOU KNOW?

The FATF (Financial Action Task Force) is the global money laundering and terrorist financing watchdog.

According to the 2016 Evaluation Report, some high-risk areas that are not covered by the AML-CFT measures in Canada are legal firms, legal candycane counsels, and Quebec notaries. It is considered as a significant loophole in Canada’s AML/CFT framework.

Source: Documents - Financial Action Task Force (FATF) (fatf-gafi.org)


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