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CFA Financial Inc.
Time and Cost Efficient Currency Solutions!
 

COMPLIANCE REGIME

FINTRAC Registration Number: M09732278
CFA Financial Inc. is committed to assisting the government and its various agencies to combat the threat from money laundering and terrorist financing activities around the world.  To that end, CFA has put in place a training program and Compliance Regime that addresses the requirements both of Canada's money laundering legislation and The Proceeds of Crime (Money Laundering) & Terrorist Financing Act [PC(ML)TFA].
COMPLIANCE REGIME

CFA Financial Inc. is committed to assisting the government and its various agencies to combat the threat from money laundering and terrorist financing activities around the world.  To that end, CFA has put in place a training program and Compliance Regime that addresses the requirements both of Canada's money laundering legislation and The Proceeds of Crime (Money Laundering) & Terrorist Financing Act [PC(ML)TFA].

CFA is committed to assisting detect and deter money laundering and terrorist financing activities and prides itself on compliance with the Proceeds of Crime (Money Laundering) and Terrorist Financing Act (PCMLTFA).

"KNOW YOUR CLIENT"

CFA is required to "know your client", including documenting and verifying client identification records, and tracking and maintaining detailed databases of all transaction records. CFA is also now required to be sensitive to "suspicious activities", and "suspicious transactions" which will be reported to FINTRAC (Canada).
We are required to take steps to identify our clients and keep records of their accounts and transactions. We are required and committed to report Large Cash Transactions and Electronic Funds Transfers to the Financial Transactions Reports and Analysis Centre of Canada (FINTRAC). We are also required and committed to suspect and report transactions where there is a suspicion of money laundering, terrorist financing, or threats to the security of Canada.
It is mandatory that all staffs at CFA participate in ongoing compliance training to ensure the policies and procedures are working properly. 
More information about the requirements of the PCMLTFA can be found on the FINTRAC website: www.fintrac.gc.ca