Family Corruption In The Big Easy

A Public Diary On Themes Around A Book

Canada Establishes Tighter Rules For Fighting Moneylaundering

Posted by familydynamics on June 19, 2008

Drug dealers and other criminals will have a tougher time disposing of their ill-gotten gains as new federal anti-money laundering legislation cracks down on real estate purchases and currency exchange operations and adds other rules aimed at hindering disposing of large amounts of cash.

Under the new law real estate agents will have to take more steps to ensure they know who they are dealing with. They will also need to keep the information identifying their client for five years.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

 
%d bloggers like this: