Compliance Toolbox



The material provided herein is for the general information use by CAILBA members. CAILBA is not authorized and does not intend to provide legal or other professional advice or opinions of any kind. You should not act, or refrain from acting, based solely upon the materials provided herein and CAILBA advises you to obtain legal or other professional advice from your lawyers and other professional providers. While CAILBA has used its reasonable efforts to provide you with accurate materials, these materials are summary and general in nature. These materials provided should be verified against official sources and have no evidentiary value. Your use of these materials is entirely at your own risk. In no event shall CAILBA, its officers, directors, independent contractors, agents or employees be liable for any loss, cost or damages whatsoever (including, without limitation, damages for harm to business, loss of profits, programs or data, interruption of activities or any other pecuniary or economic loss) whether direct, indirect, incidental, punitive, special, exemplary, consequential or otherwise arising out of any use or misuse of, or any defects, inaccuracies, errors or omissions in these materials, even if CAILBA has been advised of the possibility of damages or if such damages are reasonably foreseeable.


We updated the Compliance Toolbox to reflect significant changes in the regulatory environment. You don’t have to adopt every policy, procedure, tool and template. Borrow material you need and revise it to fit your business practices. Occasionally, you will find material written in red, which you should delete once you decide how to word that section. You may re-brand the revised material. 1. The Anti-Money Laundering and Anti-Terrorist Financing unit has been completely revised to reflect changes that are going into effect in June 2017 that pertain to client identification methods, identifying domestic politically exposed foreign persons (“PEDPs”) and heads of international organizations (“HIOs”). In addition, FINTRAC has introduced new risk assessment guidance, which resulted in the introduction of a new risk assessment tool. 2. The main guidance document has been updated to reflect these new regulations and to ensure that the links provided are to the most current documents. Copyright © CAILBA 2017, All rights reserved. CAILBA grants each of its members a non-exclusive license to use and reproduce this material solely for its own internal and for no other purposes.