Diligence Helps Combat Fiscal Fraud

Originally published in the National Post on December 18, 2007.

James Smith, Jim Smith and Jimmy Smith are all born on Aug. 27, 1962, and they are all engineers, but only one has been tried and found guilty of drug trafficking. How can advisors and dealers identify their clients and report any potentially politically exposed foreign persons (”PEFPs”) to FINTRAC pursuant to obligations under the new Bill C-25 amended regulations to the Proceeds of Crime and Money Laundering and Terrorists Financing Act?

pull text from http://www.casselsbrock.com/docs%5CDiligence_Helps_Combat_Fiscal_Fraud.pdf



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