CAs Impacted by Changes to Anti-Money Laundering Rules

This year, tough new anti-money laundering (AML) rules come into effect and Canada’s Chartered Accountants had better beware. If they are involved in any way with the proceeds of crime – even if it was unintentional or they had no idea of what they were doing – the penalties could be severe. Starting June 2008, the country’s AML regulations will be as stringent as those anywhere in the world. (Read the article CAs Impacted by Changes to Anti-Money Laundering Rules.)