Vancouver sin card updating

Posted by / 05-Sep-2016 04:39

Clients should be assessed as high-risk as applicable, and prescribed special measures must be applied, as required under section 71.1 of the PCMLTFR.

Specifically, should Credit Unions compare the names listed in this brief to the names of members in the credit union, and would this comparison be just like the terrorist name/entity compare?The documents you refer to under this method must be original, valid and current, and information referred to must be valid and current, and cannot be an electronic image.Therefore, to answer your question, both a foreign utility bill and a bank statement from a foreign financial institution would be acceptable to ascertain a person’s name and address, or name and date of birth, so long as the original document is referred to and it is from a reliable and independent source.For intelligence purposes, obtaining a precise description of an address allows FINTRAC to analyze evidence and to establish connections between a client’s physical location, financial transactions and trends that are suspected of being related to money laundering, terrorist financing or other threats to the security of Canada.This is also of great importance when disclosing intelligence to partners, which can contribute to criminal investigations by identifying new targets or hidden proceeds of crime and by disclosing facts that are necessary in obtaining warrants.

vancouver sin card updating-16vancouver sin card updating-53vancouver sin card updating-50

FINTRAC’s Guideline 5: Submitting Terrorist Property Reports to FINTRAC, and FINTRAC’s website further indicate that a TPR must be sent to FINTRAC, without delay, when reporting entities have property in their possession or control that they know is owned or controlled by or on behalf of a terrorist or a terrorist group.