OSFI's activities on anti-money laundering/anti-terrorist ...
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The Office of the Superintendent of Financial Institutions (OSFI) and the Financial Transactions and Reports Analysis Centre of Canada ... Skiptomaincontent Skiptosecondarymenu OSFI’sactivitiesonanti-moneylaundering/anti-terroristfinancing(AML/ATF)supervision PageContentDocumentProperties TypeofPublication:ConsultationResponse Date:May17,2021 To:FederallyRegulatedFinancialInstitutions(FRFIs)TheOfficeoftheSuperintendentofFinancialInstitutions(OSFI)andtheFinancialTransactionsandReportsAnalysisCentreofCanada(FINTRAC)continuetoworktogethertoeliminateduplicationandredundancyintheapplicationofAML/ATFregulatoryrequirementsforFRFIs.OnOctober16,2020,OSFIissuedan IndustryLetterseekingFRFIviewsontheongoingrelevanceofOSFI’sGuidelineB-8(Deterring&DetectingMoneyLaunderingandTerroristFinancing),givenFINTRAC’sroleastheCanadianfederalsupervisorforAML/ATF.Specifically,theconsultation,whichclosedonNovember30,2020,soughtFRFIviewson:WhetherGuidelineB-8shouldberescindedinfull,orifelementsofGuidelineB-8shouldbemaintainedandincorporatedinarevisedGuidelineE-13(ComplianceManagement);andWhetherfurtheramendmentstoGuidelineE-13areneededinrelationtoAML/ATFsupervision,ortoclarifyOSFI’sexpectationsforcomplianceriskmanagementmorebroadly.MostrespondentstotheconsultationsupportedrescindingB-8withoutanycorrespondingamendmentstootherOSFIguidance.Somerespondents,however,soughtclarificationonOSFI’sprudentialrolewithrespecttoFRFIs’AML/ATFcompliance.Inaddition,somerespondentsexpressedaneedtoclarifyhowOSFIandFINTRACwillworktogethermovingforward.Inresponsetoconsultationfeedback,OSFIwillrescindGuidelineB-8onJuly26,2021.Additionally,nocorrespondingamendmentswillbemadetoGuidelineE-13;OSFI’sexpectationsforcomplianceriskmanagementenableappropriateoversightoftheprudentialimplicationsofAML/ATFcompliance.Further,otherOSFIguidancewillbeamended,asrequired(e.g.,toremovereferencestoGuidelineB-8).OSFIexpectstoundertakeacomprehensivereviewofGuidelineE-13in2022,whichwillfocusonOSFI’scomplianceriskmanagementapproachmoregenerally.OSFIremainscommittedtotheprudentialoversightofAML/ATFrisksthatcouldaffectthefinancialsoundnessofFRFIs.OSFIwillcontinuetocoordinateandsharerelevantinformationwithFINTRAC,theCanadianfederalAML/ATFsupervisor.ThisisconsistentwithBaselCommitteeforBankingSupervision(BCBS)guidancerelatingtothecooperationandinformationexchangebetweenprudentialandAML/ATFsupervisors.OSFIandFINTRACareplanningajointinformationsessionforearlyFall2021toexplainhowOSFIandFINTRACwillworktogether,andtoanswerindustryquestions. ModifiedDate: 2021-05-17 Secondarymenu RegulationandGuidance ActsandRegulations Guidance TableofGuidelines TableofAdvisories ApprovalsandPrecedents ApplicationandApprovalGuides RegulatoryandLegislativeAdvisories LegislativeRulings CapitalRulings NameRequest RiskAssessmentandIntervention SupervisoryPractices GuidetoIntervention TrustAgreements RegulatoryData FilingCorporateReturns FilingFinancialReturns ViewingFinancialData Anti-moneyLaunderingandCompliance Anti-moneyLaundering Anti-terrorismFinancing Sanctions Messages IndustryNotices WebTools WhoWeRegulate
延伸文章資訊
- 1OSFI Guideline B-8 Definition | Law Insider
Define OSFI Guideline B-8. means the Office of the Superintendent of ... Office of the Superinten...
- 2AML/ATF Statement - SBI Canada Bank
Superintendent of Financial Institutions Canada (OSFI) has issued Guideline B8: Deterring and. De...
- 3Federal financial institutions legislative and regulatory reporter
OSFI expects to undertake a comprehensive review of Guideline E-13 in 2022, which will focus on O...
- 4Deterring and Detecting Money Laundering and Terrorist ...
Compliance with Guideline E-17 in pertinent respects will be included in OSFI's AML/ATF assessmen...
- 5OSFI's activities on anti-money laundering/anti-terrorist ...
The Office of the Superintendent of Financial Institutions (OSFI) and the Financial Transactions ...
