Monthly Archives: February 2023

What does as soon as practicable mean to each of them when filing STRs and how to apply it in an AML Compliance Regime

On June 1, "2021 the PCMLTF Regulations changed the prescribed timeline for filing STRs from "within 30 days" to "as soon as practicable. FINTRACs expectation as published in Reporting suspicious transactions to FINTRAC ( states; "As soon as practicable is interpreted to mean that you have completed the measures that have allowed you to determine…
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